THE RESULTS OF TELESTE'S CO-DETERMINATION NEGOTIATIONS

TELESTE CORPORATION STOCK EXCHANGE RELEASE 2.12.2008 AT 13:00

THE RESULTS OF TELESTE'S CO-DETERMINATION NEGOTIATIONS

As a result of the conducted co-determination negotiations, Teleste lays off its
personnel in Finland, in total about 430 persons, for the average period of two
weeks. Negotiations involving additional layoffs are continued, if required by
the market situation. As a result of the co-determination negotiations maximum
of 9 persons may be given notice.

In combination with cost cuts, the agreed measures are designed to adapt Teleste
operations to the difficult-to-predict market situation without compromising the
favourable growth potential.

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 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:
NASDAQ OMX Helsinki
Media
www.teleste.com