TELESTE CORPORATION STOCK EXCHANGE RELEASE 2.8.2010 AT 12:00
TELESTE SIGNS A FRAMEWORK AGREEMENT WITH HOT TELECOM IN ISRAEL
Teleste has been chosen as an exclusive Fttx equipment supplier for HOT Telecom
in Israel. Total value of the framework agreement is estimated to EUR 16 million
within four years.
The large-scale Fttx upgrade deployment program of HOT Telecom cable networks,
covering two million Homes Passed, will start by changing the architecture from
HFC towards very deep fibre to enable higher capacity for new services up to 100
Mb/s high speed data, VOD, telephony and HDTV.
This agreement involves HDO platform, AC800 and CXE880 optical Fttb nodes
perfectly designed to increase the transmission networks in forward and return
path capacity with very high network reliability and performances.
By this new contract Teleste confirms its strong position as the supplier of
fibre equipments in the international markets.
HOT Telecom Systems Ltd was founded in 2003 and is based in Petah Tikva, Israel.
HOT Telecom provides multi-channel television, video on demand, cable Internet,
and voice over Internet protocol telephony services.
Teleste is an international technology group founded in 1954, which is
specialised in broadband video and data communication systems and services. The
group is active in two business segments, Video and Broadband Solutions and
Network Services; in both fields, we are among the global leaders. Video is at
the core of our business activities, with a focus on the processing,
transmission and management of video and data for operators and public
authorities who provide multiple video-related information, entertainment and
security services to end-users. Video and Broadband Solutions business segment
has the emphasis on product solutions for broadband access networks, video
service platforms and video surveillance applications. Network Services segment
deliver comprehensive network service solutions including new construction,
rebuilding, upgrading, planning and maintenance services of cable networks. In
2009 the group's net sales totalled EUR 142 million and the group employed 1260
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. www.teleste.com for more information.
Mr Jukka Rinnevaara, CEO, Tel. +358 2 2605 866 or +358 400 747 488
NASDAQ OMX Helsinki Ltd