Turku, Finland, 2012-01-09 09:15 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 9.1.2012 AT 10:15
TELESTE SIGNS A THREE-YEAR FRAME AGREEMENT WITH YOUSEE IN DENMARK
The leading Danish cable operator YouSee has signed a three-year frame agreement with Teleste, with an option to extend the agreement for an additional period until the end of year 2016.
The estimated value for the next three years is approximately EUR 8 million. Deliveries will start in Q1/2012.
The agreement includes delivery of Teleste's most advanced fibre optic products to be installed in the access networks throughout the country. This enables YouSee to extend their customer offering of TV services such as Video on Demand (VOD), catch-up and start-over features as well as high speed internet.
YouSee is the biggest MSO in Danmark with more than 1.3 million connected households today. YouSee is a subsidiary of the listed TDC A/S.
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