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2009-11-02 14:46:00 CET 2009-11-02 14:46:02 CET REGULATED INFORMATION Teleste - Company AnnouncementORDER RECEIVED BY TELESTE SERVICES COMPANY AVC IN GERMANYTELESTE CORPORATION STOCK EXCHANGE RELEASE 2.11.2009 AT 15:45 ORDER RECEIVED BY TELESTE SERVICES COMPANY AVC IN GERMANY German Versatel Telekabel AG has ordered a network upgrade from Teleste's local services company AVC-Systemhaus GmbH. The project, to be carried out in the city of Halle in the state of Saxony-Anhalt, includes upgrades of the headend, access network and house network part of the cable network. Versatel is an independent cable operator in Germany, operating in total 12 different states. The company offers its customers several types of triple play services based on a number of network technologies. Versatel has approximately 710 000 broadband customers and some 160 000 cable customers. The relevant reform is part of their triple play strategy. The project will go on about nine months with the main part of the order consisting of installation services.The value of the project amounts to about EUR 2.2 million and it kicks off in November 2009. Teleste is an international technology group founded in 1954, which is specialized in broadband data communication systems and solutions. The group is divided into two Strategic Business Units: Broadband Cable Networks and Video Networks. Broadband Cable Networks serves cable operators and a major part of its business activities are handled through direct customer contact. Video Networks supplies solutions for optical signal transmission and video network management software solutions for video surveillance and a major part of its business is handled through system integrators. Both Business Units are among the leading providers in their market areas and are globally recognized for their know-how and ability to produce technically cutting edge solutions year after year. In 2008 the group's net sales totalled EUR 109 million and the group employed 677 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: CEO Jukka Rinnevaara, tel +358 2 2605 866 or +358 400 747 488 DISTRIBUTION: NASDAQ OMX Helsinki Media www.teleste.com |
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