Turku, Finland, 2015-07-01 11:30 CEST (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 1.7.2015 AT 12:30
TELESTE AGREES TO DELIVER AS TURNKEY SOLUTION A HIGH-CAPACITY OPTICAL BROADBAND NETWORK TO DUTCH OPERATOR DELTA
Teleste, leading provider of video and broadband technologies and associated services, has signed an agreement with DELTA for the delivery of a next generation optical broadband network.
The system has been ordered as a turnkey project, including product delivery, installation and commissioning of the network. With this upgrade The DELTA network will be ready for new broadband services according to DOCSIS 3.1 standard. DOCSIS 3.1 enables multi gigabit broadband speeds to be offered to the subscribers. DELTA provides cable based services like high quality television, fast broadband Internet and fixed line telephony services.
The value of the agreement is about EUR 3.8 million. The completion of this upgrade is foreseen before April 2016.
DELTA is a Dutch independent supplier of energy. The company supplies energy, infrastructure and digital services. DELTA wants to make life as easy as possible for its customers and is constantly searching for ways of offering added value. The shares are owed by the municipalities of Zeeland, Noord-Brabant, Zuid-Holland and the provinces of Zeeland and Noord-Brabant. DELTA generates electricity, trades in energy and supplies gas, electricity and digital services to private and business clients in Zeeland and beyond.
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 access 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