Teleste - Company Announcement

TELESTE CORPORATION STOCK EXCHANGE RELEASE 26.8.2014 AT 14:00

Turku, Finland, 2014-08-26 13:00 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION  
STOCK EXCHANGE RELEASE   26.8.2014 AT 14:00 



TELESTE SIGNS SIGNIFICANT FRAME AGREEMENT WITH ALTICE GROUP ON ACCESS NETWORK
DELIVERIES SUPPORTING DOCSIS 3.1 STANDARD 

Teleste Corporation, leading provider of video and broadband technologies and
associated services, has signed a frame agreement with Altice Group on access
network deliveries for the next five years. The Altice Group is a multinational
cable and telecommunications company with a presence in e.g. France, Israel,
Belgium & Luxembourg, Portugal and the Caribbean Islands. Altice provides cable
based services like high quality pay television, fast broadband Internet and
fixed line telephony and, in certain countries, mobile telephony services to
both residential and corporate customers. 

Under the frame agreement Teleste provides to Altice access network equipment
which enable delivery of new broadband services according to DOCSIS 3.1
standard. DOCSIS 3.1 enables multigigabit broadband speeds to be offered to
subscribers. This will be the first mass-scale deployment of DOCSIS 3.1 capable
access network in Europe. 

The value of the agreement is estimated to exceed EUR 20 million over the next
five years. The agreement is an extention to previous frame agreement with
Altice Group. 

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 product solutions in video
surveillance applications. Network Services offers comprehensive services for
network design, construction and maintenance. In 2013, Teleste's net sales
totaled EUR 193 million, and the company employed more than 1,300 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 OMX Helsinki
Ltd. 
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 OMX Helsinki
Main Media
www.teleste.com