TELESTE SIGNS A NEW FRAME AGREEMENT WITH ALTICE GROUP

TELESTE CORPORATION STOCK EXCHANGE RELEASE 19.3.2008 AT 10:00

TELESTE SIGNS A NEW FRAME AGREEMENT WITH ALTICE GROUP

Teleste has been chosen for Fttx equipment supplier for Ypso a member of Altice
Group. Value of the frame agreement is 3 million euros.

The large-scale upgrade deployment program of Altice cable networks will
continue by changing the architecture from HFC towards deep fibre to enable
higher capacity for new services up to 100 Mb/s high speed data, VOD, telephony
and HDTV.

This new agreement involves AC8000 optical node designed to increase the
transmission networks return path capacity to a new level.

By this new contract Teleste confirms its dominant position as the supplier of
fibre equipments in France and Europe.

Altice Group, the largest cable operator in France, currently serves over nine
million homes.

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.

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