TELESTE RECEIVES AN ORDER FROM DIGICABLE, INDIA FOR THEIR PAN INDIA IP-BASED DIGITAL TELEVISION PLATFORM
TELESTE CORPORATION STOCK EXCHANGE RELEASE 26.6.2008 AT 16:15 TELESTE RECEIVES AN ORDER FROM DIGICABLE, INDIA FOR THEIR PAN INDIA IP-BASED DIGITAL TELEVISION PLATFORM Teleste has been selected by Digicable Network (India) Pvt Ltd to deliver their new compact IP-based digital television platform. The value of the initial order is 12 million euros. Digicable will provide an advanced portfolio of digital interactive television services over a Head End in the Sky (HITS) satellite distribution network. The solution provided by Teleste will provide both IPTV and DVB-C based television. The solution is based on the recently launched Teleste Luminato IP headend technology. It offers professional performance in the industry's smallest footprint and is ideally suited for this high volume application. This positions Teleste in the forefront of the Indian cable television digitalization process. The majority of the order is to be delivered during 2009-2010. 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 2007 the group's net sales totalled EUR 125.1 million and the group employed 672 persons at the year-end. The company has approximately 30 offices world-wide and over 91% of Teleste's net sales are generated outside Finland. The company is listed on the OMX Nordic Exchange Helsinki. Visit www.teleste.com for more information. TELESTE CORPORATION Jukka Rinnevaara CEO ADDITIONAL INFORMATION: Mr Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488 DISTRIBUTION: OMX Nordic Exchange Helsinki Media www.teleste.com