Turku, Finland, 2011-06-07 09:15 CEST (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 7.6.2011 AT 10:15
TELESTE GROUP'S CABLEWAY RECEIVES ORDER FROM LARGE GERMAN TELECOM OPERATOR
A German telecom operator has placed an order on a fiber network project from Teleste's local services company. The project value is approximately EUR 3.7 million and it includes building of a broadband communication network excluding house networks, in Mettmann, Germany. Supplied on a so-called turnkey basis the project aims to respond to requirements for fastest internet connectivity and it will run for approximately six months. The received fiber network order represents one of the growth areas as specified in Teleste's services business strategy.
Construction of fiber-optic networks in Germany has been increasing rapidly in the first half of the year, and many operators are building or considering the building of broadband networks based either partially or entirely on fiber-optic technology. Teleste has previously provided these so-called FTTH networks on a pilot project basis.
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 has the emphasis on product solutions for broadband access networks, video service platforms and video surveillance applications. Network Services deliver comprehensive network service solutions including new construction, rebuilding, upgrading, planning and maintenance services of cable networks. In 2010 the group's net sales totalled EUR 168 million and the group employed 1231 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.
Mr Jukka Rinnevaara, tel. +358 2 2605 866 or +358 400 747 488
NASDAQ OMX Helsinki Ltd