Teleste - Company Announcement

TELESTE AGREES TO DELIVER AS TURNKEY SOLUTION A HIGH-CAPACITY OPTICAL BROADBAND NETWORK TO DUTCH OPERATOR DELTA

Turku, Finland, 2015-07-01 11:30 CEST (GLOBE NEWSWIRE) -- 

TELESTE CORPORATION  STOCK EXCHANGE RELEASE  1.7.2015 AT 12:30



TELESTE AGREES TO DELIVER AS TURNKEY SOLUTION A HIGH-CAPACITY OPTICAL BROADBAND
NETWORK TO DUTCH OPERATOR DELTA 

Teleste, leading provider of video and broadband technologies and associated
services, has signed an agreement with DELTA for the delivery of a next
generation optical broadband network. 

The system has been ordered as a turnkey project, including product delivery,
installation and commissioning of the network. With this upgrade The DELTA
network will be ready for new broadband services according to DOCSIS 3.1
standard. DOCSIS 3.1 enables multi gigabit broadband speeds to be offered to
the subscribers. DELTA provides cable based services like high quality
television, fast broadband Internet and fixed line telephony services. 

The value of the agreement is about EUR 3.8 million. The completion of this
upgrade is foreseen before April 2016. 

DELTA is a Dutch independent supplier of energy. The company supplies energy,
infrastructure and digital services. DELTA wants to make life as easy as
possible for its customers and is constantly searching for ways of offering
added value. The shares are owed by the municipalities of Zeeland,
Noord-Brabant, Zuid-Holland and the provinces of Zeeland and Noord-Brabant.
DELTA generates electricity, trades in energy and supplies gas, electricity and
digital services to private and business clients in Zeeland and beyond. 

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 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
CEO



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



DISTRIBUTION:
Nasdaq Helsinki
Main Media
www.teleste.com