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2010-08-02 11:00:00 CEST 2010-08-02 11:00:02 CEST REGULATED INFORMATION Teleste - Company AnnouncementTELESTE SIGNS A FRAMEWORK AGREEMENT WITH HOT TELECOM IN ISRAELTELESTE CORPORATION STOCK EXCHANGE RELEASE 2.8.2010 AT 12:00 TELESTE SIGNS A FRAMEWORK AGREEMENT WITH HOT TELECOM IN ISRAEL Teleste has been chosen as an exclusive Fttx equipment supplier for HOT Telecom in Israel. Total value of the framework agreement is estimated to EUR 16 million within four years. The large-scale Fttx upgrade deployment program of HOT Telecom cable networks, covering two million Homes Passed, will start by changing the architecture from HFC towards very deep fibre to enable higher capacity for new services up to 100 Mb/s high speed data, VOD, telephony and HDTV. This agreement involves HDO platform, AC800 and CXE880 optical Fttb nodes perfectly designed to increase the transmission networks in forward and return path capacity with very high network reliability and performances. By this new contract Teleste confirms its strong position as the supplier of fibre equipments in the international markets. HOT Telecom Systems Ltd was founded in 2003 and is based in Petah Tikva, Israel. HOT Telecom provides multi-channel television, video on demand, cable Internet, and voice over Internet protocol telephony 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 business segment has the emphasis on product solutions for broadband access networks, video service platforms and video surveillance applications. Network Services segment deliver comprehensive network service solutions including new construction, rebuilding, upgrading, planning and maintenance services of cable networks. In 2009 the group's net sales totalled EUR 142 million and the group employed 1260 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. 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 |
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