Teleste - Company Announcement

TELESTE SIGNED AN AGREEMENT WITH UPC BROADBAND

Turku, Finland, 2012-06-08 09:15 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION 
STOCK EXCHANGE RELEASE 8.6.2012 AT 10:15 



TELESTE SIGNED AN AGREEMENT WITH UPC BROADBAND

Teleste and Liberty Global, Inc.'s UPC Broadband division have signed an
agreement for the delivery of Teleste's next generation optical node products
to Liberty Global's operations across Europe. This new optical node platform
allows cable operators to reduce both the network upgrade costs as well as
improve subscriber service availability as the installation time can be
minimized due to intelligence embedded in the product. 

The value of the agreement is estimated to exceed EUR 10 million until end of
2017. Signing this agreement is of strategic importance for Teleste, as it
strengthens Teleste's position as the leading supplier of HFC equipment in
Europe. 

UPC Broadband (UPC) is the European division of Liberty Global, the world's
leading international cable operator. UPC brings television, broadband Internet
and telephone services to approximately 16.1 million customers throughout 10
European countries. The company is driven by its vision that 'this amazing but
often complex digital world should be for everyone'. 

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. Visit www.teleste.com for more information. 



TELESTE CORPORATION

Jukka Rinnevaara
CEO


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

Distribution:
NASDAQ OMX Helsinki Ltd
Main Media
www.teleste.com