Teleste - Company Announcement

CANAL DIGITAL CABLE TV SELECTS TELESTE FOR THEIR NEXT GENERATION CABLE BROADBAND UPGRADE

Turku, Finland, 2015-09-29 09:30 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION 
STOCK EXCHANGE RELEASE  29.9.2015 AT 10:30 



CANAL DIGITAL CABLE TV SELECTS TELESTE FOR THEIR NEXT GENERATION CABLE
BROADBAND UPGRADE 

Teleste has reached a framework agreement with Canal Digital Cable TV, a
subsidiary of Telenor Norway, on access network product deliveries for the
Canal Digital HFC 2.0 network investment. Under the framework agreement Teleste
will provide Canal Digital with 1,2 GHz optical transmission systems as well as
coaxial amplifiers which enable maximum benefit of the new DOCSIS 3.1 standard
for broadband connectivity over HFC infrastructure. DOCSIS 3.1 enables
multigigabit broadband speeds to be offered to subscribers. 

The cable network upgrade investment is significant in European scale and the
first DOCSIS 3.1 upgrade project in Nordic countries. Teleste was selected
after a thorough tendering process thanks to its superior product performance,
competitive price and readiness to deliver full access network solution with
immediate effect, compatible with DOCSIS 3.1 standard. The total value of the
agreement is estimated to exceed EUR 15 million within the years 2015-2019. 

Canal Digital is the largest supplier of cable TV and broadband on
HFC-technology in Norway. 

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