TELESTE CORPORATION INVESTOR NEWS 12.4.2019 AT 14:30 EET
FLUVIUS UPGRADES CABLE NETWORK WITH TELESTE'S OPTICAL NODES IN BELGIUM
Teleste has been selected as a vendor of optical nodes for Fluvius' network upgrade project in Belgium. With the deliveries taking place by the end of 2021, the frame agreement consists of more than 750 of Teleste's AC8810 intelligent 1.2 GHz nodes and its value is estimated to be approximately EUR 1.1 million.
Owned by 14 intermunicipal companies, Fluvius is the largest multi-utility operator that offers its services to homes or workplaces through a network of pipes and cables throughout the Flanders region in Belgium. In 2018 the company had approximately 500,000 homes passed in its cable networks and it is now updating the cable infrastructure to ensure the future capabilities in providing high speed data transmission for the subscribers within its network.
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 2018, Teleste's net sales reached EUR 250 million and on average it had approximately 1,400 employees. Teleste is listed on Nasdaq Helsinki.
ADDITIONAL INFORMATION: Jukka Rinnevaara, tel: +358 2 2605 611