TELESTE CONTINUES CABLE-TV NETWORK EQUIPMENT DELIVERIES TO FINNISH ELISA

TELESTE CORPORATION STOCK EXCHANGE RELEASE 7.2.2008 AT 12:15

TELESTE CONTINUES CABLE-TV NETWORK EQUIPMENT DELIVERIES TO FINNISH ELISA

Finnish telecom operator Elisa Corporation continues having Teleste as its main
supplier of cable-TV -products. Elisa and Teleste have signed a one year
contract concerning product deliveries for both new build and upgrade of
existing cable networks.

The national cable television network of Elisa includes some 236 000 households.
The contract value is approximately one million euros.

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 OMX Nordic Exchange Helsinki.
Visit www.teleste.com for more information.

TELESTE CORPORATION

Jukka Rinnevaara
CEO

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

DISTRIBUTION:
OMX Nordic Exchange Helsinki
Media
www.teleste.com