Turku, Finland, 2015-03-02 12:10 CET (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 2.3.2015 AT 13:10
INTEGAN DECIDES TO USE TELESTE FOR THEIR 1.2 GHZ NETWORK UPGRADE
Teleste has been selected as the vendor for Integan’s 1.2 GHz network upgrade project. Under the agreement Teleste provides Integan amplifiers and outdoor passives enabling delivery of new broadband services according to DOCSIS 3.1 standard. DOCSIS 3.1 enables multigigabit broadband speeds to be offered to subscribers.
The Integan vendor selection was based on public bidding process. The selection criteria were based on price, product performance, delivery and support capability as well as customer references. The total value of the agreement is estimated to exceed EUR 3 million within years 2015-2018.
Integan is a cable network operator for the communities within Antwerp region in Belgium. Integan is owned by the communities themselves. The cable infrastructure is used to deliver TV, radio, Internet access and telephony services to the subscribers.
Teleste is an international technology company that develops and offers video and broadband technologies and related services. Our supply of technology contributes to the convenience and safety of daily living. Our core business is video - video and data processing, transfer and management. Our customer base consists of cable and telecom operators, as well as public sector organizations. Our business is divided into two divisions, which are Video and Broadband Solutions and Network Services. In both areas, we rank among the world's leading companies and technological forerunners. Video and Broadband Solutions focuses on access networks and video security and information solutions. Network Services offers comprehensive services for network design, construction and maintenance. In 2014, Teleste's net sales totaled EUR 197 million, and the company employed more than 1,400 people. Teleste runs a worldwide network of offices and more than 90% of its sales are generated outside Finland. The company is listed on the Nasdaq Helsinki. For more information see www.teleste.com
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488