Teleste Corporation signs frame agreement with Telenet

Telecomworldwire, August 28, 2008

TELECOMWORLDWIRE-28 August 2008-Teleste Corporation signs frame agreement with Telenet(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish technology group Teleste Corporation (OMX Helsinki: TLT1V) said on Thursday (28 August) that it has signed a frame agreement with Telenet, the major cable operator in Belgium.

Under this agreement Teleste delivers equipment that will bring the fiber deeper into the network with the intention to increase both the upstream and the downstream capacity. The deliveries consist of a range of HDO modules and AC nodes.

The value of the frame agreement is estimated to be several million euros, the company said.

Teleste, headquartered in Turku, Finland, is an international technology group specialising in broadband access and video surveillance.

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