Teleste - Company Announcement

TELESTE SIGNS A THREE-YEAR FRAME AGREEMENT WITH KABEL DEUTSCHLAND

Turku, Finland, 2011-05-12 09:00 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION
STOCK EXCHANGE RELEASE 12.5.2011 AT 10:00 



TELESTE SIGNS A THREE-YEAR FRAME AGREEMENT WITH KABEL DEUTSCHLAND

German cable operator Kabel Deutschland has signed a frame agreement with
Teleste for a HFC-BK network upgrade project. The project is planned to last
for three years and it is provided by Teleste as a turn-key project. Teleste
will upgrade approximately 5.000 BK-stations in various Kabel Deutschland cable
network regions from 450 MHz to 630/862 MHz. 

The upgrade enables Kabel Deutschland to offer its attractive triple play
services to additional subscribers in numerous areas in Germany. In terms of
net sales, the estimate value of this upgrade project equals to approx. EUR 5
million, of which minimum committed order value is EUR 3.7 million. The
deliveries will start in Q3/2011. 

Kabel Deutschland Vertrieb und Service GmbH & Co. KG is the largest cable
operator in Germany with some 9 million connected households today. The
stock-listed company currently operates in 13 out of 16 German federal states
providing its customers with all the modern TV and telecommunication services. 

Teleste is an international technology group founded in 1954, which is
specialised 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 multiple video-related information, entertainment and
security services to end-users. Video and Broadband Solutions has the emphasis
on 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 2010 the group's net sales
totalled EUR 168 million and the group employed 1231 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