TELESTE CORPORATION STOCK EXCHANGE RELEASE 25.2.2008 AT 11.00
TELESTE RECEIVED AN ORDER FROM RUSSIA
Teleste has received an order worth 1.4 million euros from Russia.
The order consists of Teleste's Deep Fiber Solutions and Video headend products.
Teleste's solutions will be used for upgrading the networks of a major Russian
MSO in 37 different cities in Russia. The deliveries will take place during Q2
and Q3 in 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 OMX Nordic Exchange Helsinki.
Visit www.teleste.com for more information.
Mr Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488
OMX Nordic Exchange Helsinki