TELESTE RECEIVES AN ORDER FROM CABLECOM IN SWITZERLAND

TELESTE CORPORATION STOCK EXCHANGE RELEASE 8.11.2006 AT 12.00

TELESTE RECEIVES AN ORDER FROM CABLECOM IN SWITZERLAND

Cablecom, the largest cable operator in Switzerland, is upgrading its broadband
cable networks. Cablecom decided for use of Teleste’s innovative AC-series
nodes, amplifiers and accessories for their nationwide network upgrading.

The order value is more than 1.5 million euros. The network upgrading at
Cablecom will be carried out in the first half 2007.

Cablecom is Switzerland’s largest cable operator offering its residential and
business customers quadruple-play products in cable television, broadband
internet, mobile and fixed-network telephone services. In addition they provide
cable network companies with plant engineering and construction. The company’s
own nationwide network supplies 15 of the country’s 16 largest cities. Cablecom
is an international subsidiary of UPC Broadband, the European cable network
group of Liberty Global Inc.

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 recognised
for their know-how and ability to produce technically cutting edge solutions
year after year. In 2005 the group's net sales in continuing business totalled
EUR 82.6 million and the group employed 577 persons at the year-end. The company
has approximately 30 offices world-wide. Close to 90% of Teleste's net sales are
generated outside Finland. The company is listed on the main list of Helsinki
Exchanges. Visit www.teleste.com for more information.

TELESTE CORPORATION

Jukka Rinnevaara
CEO

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

DISTRIBUTION:
Helsinki Exchanges
Media
www.teleste.com