TELESTE CORPORATION STOCK EXCHANGE RELEASE 2.11.2009 AT 15:45
ORDER RECEIVED BY TELESTE SERVICES COMPANY AVC IN GERMANY
German Versatel Telekabel AG has ordered a network upgrade from Teleste's local
services company AVC-Systemhaus GmbH. The project, to be carried out in the
city of Halle in the state of Saxony-Anhalt, includes upgrades of the headend,
access network and house network part of the cable network.
Versatel is an independent cable operator in Germany, operating in total 12
different states. The company offers its customers several types of triple play
services based on a number of network technologies. Versatel has approximately
710 000 broadband customers and some 160 000 cable customers. The relevant
reform is part of their triple play strategy.
The project will go on about nine months with the main part of the order
consisting of installation services.The value of the project amounts to about
EUR 2.2 million and it kicks off in November 2009.
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 2008 the group's net sales totalled EUR 109 million and the group
employed 677 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.
CEO Jukka Rinnevaara, tel +358 2 2605 866 or +358 400 747 488
NASDAQ OMX Helsinki