Turku, Finland, 2011-05-12 09:00 CEST (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 12.5.2011 AT 10:00
TELESTE SIGNS A THREE-YEAR FRAME AGREEMENT WITH KABEL DEUTSCHLAND
German cable operator Kabel Deutschland has signed a frame agreement with Teleste for a HFC-BK network upgrade project. The project is planned to last for three years and it is provided by Teleste as a turn-key project. Teleste will upgrade approximately 5.000 BK-stations in various Kabel Deutschland cable network regions from 450 MHz to 630/862 MHz.
The upgrade enables Kabel Deutschland to offer its attractive triple play services to additional subscribers in numerous areas in Germany. In terms of net sales, the estimate value of this upgrade project equals to approx. EUR 5 million, of which minimum committed order value is EUR 3.7 million. The deliveries will start in Q3/2011.
Kabel Deutschland Vertrieb und Service GmbH & Co. KG is the largest cable operator in Germany with some 9 million connected households today. The stock-listed company currently operates in 13 out of 16 German federal states providing its customers with all the modern TV and telecommunication 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 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, CEO, Tel. +358 2 2605 866 or +358 400 747 488
NASDAQ OMX Helsinki Ltd