TELESTE CORPORATION STOCK EXCHANGE RELEASE 22.7.2009 AT 13:00
TELESTE COMPANY MKS IN GERMANY RECEIVES AN ORDER FROM NETCOLOGNE
German cable operator Netcologne has ordered a fibre network upgrade project by
Teleste's local service company. Netcologne is an operator mainly operating
networks in Cologne and Bonn areas. The upgrade targets at meeting the highest
demands of today's high speed internet users.
The project is planned to last for one year and it's provided by Teleste as a
turn-key project. The deal is strategic for Teleste following the previously
chosen service strategies. The project value is approximately 3.9 million euros
and the project will start in July 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