Teleste - Company Announcement

STOFA AND TELESTE HAVE SIGNED A FRAME AGREEMENT REGARDING SUPPLY OF CABLE TV EQUIPMENT

Turku, Finland, 2012-12-12 10:15 CET (GLOBE NEWSWIRE) -- 

TELESTE CORPORATIONSTOCK EXCHANGE RELEASE12.12.2012 AT 11:15



STOFA AND TELESTE HAVE SIGNED A FRAME AGREEMENT REGARDING SUPPLY OF CABLE TV
EQUIPMENT 

Stofa A/S, the second largest cable operator in Denmark, has signed a frame
agreement with Teleste regarding supply of cable TV access network equipment.
The frame agreement is valid for two years and the estimated value is around
EUR 2 million. This frame agreement is renewing and extending the previous
agreement and hence ensuring smooth continuation of Stofa's access network
capacity upgrades. 

Under the agreement Teleste will supply its most advanced products belonging to
the intelligent network concept ranging from optical transmission equipment to
coax amplifiers, as well as network management software tools. 

Stofa A/S is a Danish triple play operator providing a broad selection of
television and pay-TV offerings, high speed broadband and telephone services to
its customers. For the past 53 years Stofa has developed a strategic
relationship to some 300 antenna associations in Denmark. With 450 employees at
its headquarters in Horsens and 8 branch offices across Denmark, Stofa has
generated sales of EUR 150 million in 2011. Throughout the past few years TV
has converged with the web, and new services as well as device innovations have
been launched at an increasing pace. Thus, Stofa has already introduced
time-shift TV, a 48 hour catch-up service, WEB-TV and WEB-TV-2-GO. To this
should be added the proven DVB-C/IP STB & PVR services as well as a VOD
service. Stofa was established in Horsens by Anton Petersen in 1959, and in
1995 Stofa was acquired by Telia AB. Since August 2010 Stofa is owned by Ratos
AB, the largest listed Nordic private equity company dating back to 1866. 

Teleste is an international technology group founded in 1954, which is
specialized 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 various video-related information, entertainment and
security services to end-users.Video and Broadband Solutions specializes in
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 2011 the Group's net sales
totaled EUR 184 million and the Group employed 1,319 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.For more information visit www.teleste.com. 



TELESTE CORPORATION

Jukka Rinnevaara
CEO



ADDITIONAL INFORMATION:
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488

DISTRIBUTION:
NASDAQ OMX Helsinki
Main Media
www.teleste.com