Finnish technology company Teleste has said cable operators were proceeding cautiously with their network investments and it anticipated that shipments within its Broadband Cable Networks division would remain on a par with 2008. However the company warned it expected price competition to increase further.
“European cable operators, have postponed maintenance investments on their networks,” the company said in a statement. “Moreover, chances for investment of our East European customers have become more difficult with the local currencies weakening and the financial market getting tighter.”
Decreased demand for network investments held deliveries to 2008 levels. Net sales in the six months to June 30, 2009 were €30.6 million compared to €29.3 million in the same period in 2008. Orders received within Broadband Cable Networks stood at €25.6 million (€32.9m) while Video Networks delivered €4.0 million (€4.5m). Both divisions were in the black.
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