Finnish technology provider Teleste is anticipating deliveries to European cablenets during the year will be ahead of their 2011 levels. It says its video headend and optical network products will be competitive in the emerging market of TV distribution infrastructure.
Announcing its half year results, Teleste announced it had received orders totaling €49.2 million, 2.7% down on 2011, however sales of €49.7 million were up on the corresponding period by 18.5%, and the company was able to deliver an operating profit of €2.4 million, an increase of 166%.
“In Video and Broadband Solutions we strengthened our market position in Europe by winning new customers. Network upgrades were slowed down to some degree by major sporting events,” explained CEO Jukka Rinnevaara. “The development program for the German services operations was making good progress, but the fiber projects were still weakened by cost overruns related to sub-contracting.”
Earlier this year, Teleste signed a major frame agreement covering its next-generation optical fiber node solutions that are being delivered to Liberty Global.
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