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2008-08-28 09:30:00 CEST 2008-08-28 09:30:00 CEST REGULATED INFORMATION Teleste - Company AnnouncementTELESTE SIGNS A SIGNIFICANT FRAME AGREEMENT WITH TELENET FOR THE DELIVERY OF OPTICAL TRANSMISSION EQUIPMENTTELESTE CORPORATION STOCK EXCHANGE RELEASE 28.8.2008 AT 10:30 TELESTE SIGNS A SIGNIFICANT FRAME AGREEMENT WITH TELENET FOR THE DELIVERY OF OPTICAL TRANSMISSION EQUIPMENT Teleste has signed a frame agreement with Telenet, the major cable operator in Belgium having 2.4 subscribers online. The value of the frame agreement is estimated to be several million euros. Under this agreement Teleste delivers equipment that will bring the fiber deeper into the network with the intention to increase both the upstream and the downstream capacity. The need for additional capacity is driven by the success of Telenet's Broadband Internet, digital-TV and video on demand services. The deliveries consist of a range of HDO modules and AC nodes. With this agreement Teleste continues its role as one of the Telenet's key suppliers. The total project duration is 4-5 years and the first delivery is scheduled for the 3rd quarter of 2008. Teleste is an international technology group founded in 1954, which is specialized in broadband data communication systems and solutions. The group is divided into two Strategic Business Units: Broadband Cable Networks and Video Networks. Broadband Cable Networks serves cable operators and a major part of its business activities are handled through direct customer contact. Video Networks supplies solutions for optical signal transmission and video network management software solutions for video surveillance and a major part of its business is handled through system integrators. Both Business Units are among the leading providers in their market areas and are globally recognized for their know-how and ability to produce technically cutting edge solutions year after year. In 2007 the group's net sales totalled EUR 125.1 million and the group employed 672 persons at the year-end. The company has approximately 30 offices world-wide and over 91% of Teleste's net sales are generated outside Finland. The company is listed on the OMX Nordic Exchange Helsinki. Visit www.teleste.com for more information. TELESTE CORPORATION Jukka Rinnevaara CEO ADDITIONAL INFORMATION: Mr Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488 DISTRIBUTION: OMX Nordic Exchange Helsinki Media www.teleste.com |
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