Teleste Corporation wins contract from Dutch cable operator Ziggo

Nordic Business Report, August 6, 2008

NORDIC BUSINESS REPORT-6 August 2008-Teleste Corporation wins contract from Dutch cable operator Ziggo(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish technology group Teleste Corporation (OMX Helsinki: TLT1V) said on Wednesday (6 August) that it as been selected by the Dutch cable operator Ziggo to deliver their new compact node platform for upgrading their cable networks to anticipate future capacity needs.

The value of the initial order is approximately EUR1.0m.

This is Teleste's first major order for Ziggo, arising from the recent merger of @ Home (the former Essent Kabelcom), Casema and Multikabel, Teleste said.

Teleste's solution is based on the successful AC800 platform. It combines a perfect price performance with sophisticated management facilities, the company said.

Teleste, headquartered in Turku, Finland, is an international technology group specialising in broadband access and video surveillance. The company has 670 employees and reported sales of EUR125m in 2007.

One British pound (GBP) is worth approximately 1.27 euros (EUR).

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