Teleste - Company Announcement

TELESTE AND HUAWEI AGREE TO CO-OPERATE ON DANISH GIGASPEED PROJECT

Turku, Finland, 2016-06-16 09:00 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION
STOCK EXCHANGE RELEASE 16.6.2016 AT 10:00 



TELESTE AND HUAWEI AGREE TO CO-OPERATE ON DANISH GIGASPEED PROJECT

Teleste has reached an agreement with the global telecommunication company
Huawei to deliver the next generation of intelligent amplifiers for use in TDC
Group’s cable network upgrade in Denmark to the new DOCSIS 3.1 technology. The
upgrade of the cable network will begin in June 2016, and is targeted to be
completed by the end of 2017. 

The cable network upgrade project is significant in European scale and will,
when finished, be the first complete network transformation performed to DOCSIS
3.1 standard. With this network upgrade to DOCSIS 3.1 frequencies TDC will be
able to deliver speeds of 1 Gbit/s on coaxial cable to 50 % of the Danish
households. 

As broadband traffic grows almost 50 % each year, MSOs need to upgrade their
coaxial networks to the gigabit level in order to offer IP-based and customized
video services. By investing in DOCSIS 3.1 upgrade, cable operators can
re-vitalize their existing cable network assets to compete successfully with
Fibre-To-The-Home operators. 

This project generates significant volumes for Teleste DOCSIS 3.1 compliant
amplifiers. The parties have agreed not to disclose the value of the deal. 

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 2015, Teleste's net sales totaled EUR
248 million, and the company employed about 1,500 people. Teleste runs a
worldwide network of offices and more than 95 % of its sales are generated
outside Finland. The company is listed on the Nasdaq Helsinki. For more
information see www.teleste.com 



TELESTE CORPORATION

Jukka Rinnevaara
President and CEO



ADDITIONAL INFORMATION:
Jukka Rinnevaara, phone +358 2 2605 611 or +358 400 747 488

DISTRIBUTION:
Nasdaq Helsinki
Main Media
www.teleste.com