TELESTE CORPORATION  STOCK EXCHANGE RELEASE  17.10.2008 AT 14:30                

TELESTE RECEIVES AN ORDER FROM SWITZERLAND                                      

One of the largest cable operators in Switzerland continues upgrading its       
nation-wide broadband cable networks. In the network upgrading the operator has 
decided to use Teleste's innovative HDO-platform comprising of optical          
transmission equipment.                                                         

The order value is approximately 1.3 million euros and the deliveries will take 
place during year 2008.                                                         

Teleste is an international technology group founded in 1954, which is          
specialized in broadband data communication systems and solutions. The group is 
divided into two Strategic Business Units: Broadband Cable Networks and Video   
Networks. Broadband Cable Networks serves cable operators and a major part of   
its business activities are handled through direct customer contact. Video      
Networks supplies solutions for optical signal transmission and video network   
management software solutions for video surveillance and a major part of its    
business is handled through system integrators. Both Business Units are among   
the leading providers in their market areas and are globally recognized for     
their know-how and ability to produce technically cutting edge solutions year   
after year. In 2007 the group's net sales totalled EUR 125.1 million and the    
group employed 672 persons at the year-end. The company has approximately 30    
offices world-wide and over 90% of Teleste's net sales are generated outside    
Finland. The company is listed on the NASDAQ OMX Helsinki Ltd.                  
Visit for more information.                                     

TELESTE CORPORATION                                                             

Jukka Rinnevaara                                                                

ADDITIONAL INFORMATION:                                                         
CEO Jukka Rinnevaara, tel +358 2 2605 866 or +358 400 747 488                   

NASDAQ OMX Helsinki