TELESTE CORPORATION INVESTOR NEWS 22.10.2018 AT 14:00 EET
A MAJOR UTILITY COMPANY IN AUSTRIA SELECTS TELESTE'S AMPLIFIERS FOR A NETWORK UPGRADE
Teleste will deliver intelligent, DOCSIS 3.1-capable ampliers to a major utility company in Salzburg, Austria. The project is coordinated by Witke, Teleste's partner in Austria, together with Triax Austria GmbH. The total value of the deployment is more than EUR 3 million.
Currently, the company offers its cable TV subscribers over 150 free TV channels, including 41 HD channels, regional TV and panorama channels, selected premium channels, and online video libraries. The now opted HFC network upgrade will be carried out to ensure the company's future capabilities in meeting subscribers' requirements for new, attractive services and greater bandwidth. Starting in 2018, the deliveries will be carried out over a period of five years.
Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to your home, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2017, Teleste 's net sales reached EUR 235 million and on average it had approximately 1,500 employees. Teleste is listed on Nasdaq Helsinki. For more information see www.teleste.com and follow @telestecorp on Twitter.
Jukka Rinnevaara, phone +358 2 2605 611