TELESTE CORPORATION STOCK EXCHANGE RELEASE 26.6.2008 AT 16:15
TELESTE RECEIVES AN ORDER FROM DIGICABLE, INDIA FOR THEIR PAN INDIA IP-BASED
DIGITAL TELEVISION PLATFORM
Teleste has been selected by Digicable Network (India) Pvt Ltd to deliver their
new compact IP-based digital television platform. The value of the initial order
is 12 million euros.
Digicable will provide an advanced portfolio of digital interactive television
services over a Head End in the Sky (HITS) satellite distribution network. The
solution provided by Teleste will provide both IPTV and DVB-C based television.
The solution is based on the recently launched Teleste Luminato IP headend
technology. It offers professional performance in the industry's smallest
footprint and is ideally suited for this high volume application.
This positions Teleste in the forefront of the Indian cable television
The majority of the order is to be delivered during 2009-2010.
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 91% 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