Teleste - Company Announcement

TELESTE´S SUBSIDIARY CABLEWAY SIGNS A THREE YEAR FRAME AGREEMENT WITH KABEL DEUTSCHLAND

Turku, Finland, 2015-02-13 11:30 CET (GLOBE NEWSWIRE) -- 

TELESTE CORPORATION   STOCK EXCHANGE RELEASE   13.2.2015 AT 12:30



TELESTE´S SUBSIDIARY CABLEWAY SIGNS A THREE YEAR FRAME AGREEMENT WITH KABEL
DEUTSCHLAND 

Teleste's subsidiary Cableway AG has signed a three year frame agreement with
one year option with Kabel Deutschland on the upgrading and maintenance
services of cable networks. This agreement ensures the continuation of existing
service business with Kabel Deutschland. The estimated value of this frame
agreement is 50 to 60 million euros per annum. 

The agreement builds on Cableway's traditional field service expertise and
expands it further towards sales activities by Cableway field technicians,
which is a promising growth driver for both Kabel Deutschland and Cableway. A
successful pilot of these sales activities was conducted in 2014. This new
agreement ensures Cableway's position as the leading German cable network
services company. 

In 2008 Kabel Deutschland outsourced its technical upgrading and maintenance
services of cable networks and as a result, Cableway gained a significant
market share as a provider of such upgrading and maintenance services. At
present, Cableway is by far the largest cable network service provider in
Germany having all major German cable operators in its clientele. 

The Vodafone Company Kabel Deutschland (KD), Germany's largest cable operator,
offers its customers high definition (HD), digital (SD) and analog TV, Pay TV
and DVR offerings, Video on Demand, broadband Internet (up to 200 Mbit/s), WiFi
services and fixed-line Phone services via cable. Kabel Deutschland also
distributes mobile services. Situated in Unterfoehring near Munich, the MDAX
listed company operates cable networks in 13 German federal states and supplies
its services to approximately 8.3 million connected households. As per March
31, 2014, Kabel Deutschland had approximately 3,700 employees. In the fiscal
year 2013/14, the Company reported revenues of EUR 1,900 million and an
adjusted EBITDA of EUR 910 million. 

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 - image 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 network design,
construction and maintenance. In 2014, Teleste's net sales totaled EUR 197
million, and the company employed more than 1,400 people. Teleste runs a
worldwide network of offices and more than 90% 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:
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488



DISTRIBUTION:
Nasdaq Helsinki
Main Media
www.teleste.com