Teleste - Company Announcement

TELENET SELECTS TELESTE FOR THEIR GIGA NETWORK PROJECT

Turku, Finland, 2015-03-02 12:00 CET (GLOBE NEWSWIRE) -- TELESTE CORPORATION
STOCK EXCHANGE RELEASE 2.3.2015 AT 13:00 



TELENET SELECTS TELESTE FOR THEIR GIGA NETWORK PROJECT

Teleste has reached a framework agreement with Telenet on access network
product deliveries for the Telenet Giga network investment known as “de grote
netwerf”. Under the framework agreement Teleste will provide Telenet with
amplifiers, which will enable delivery of new broadband services according to
DOCSIS 3.1 standard. DOCSIS 3.1 enables multigigabit broadband speeds to be
offered to subscribers. Telenet's intent is also to include Teleste passive
products within the framework agreement. 

The Telenet investment will be one of the most significant access network
upgrade projects within the European cable industry. Teleste was selected after
a vigorous tendering process thanks to its superior product performance,
competitive price and role as trusted supplier to Telenet. The total value of
the agreement is estimated up to EUR 15 million within the years 2015-2019. The
agreement is an extension to a previous framework agreement with Telenet. 

Telenet is a leading provider of telecommunication services, focusing on
providing cable television, high-speed Internet and both fixed and mobile
telephony services in Flanders and Brussels in Belgium. The Giga network
investment, “de grote netwerf” is targeting to provide at least 1 Gigabit per
second broadband speeds for Telenet subscribers over the coming years. 

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 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