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.

Teleste saw operating profits increase by a massive 72.7% in the final quarter of 2010 to reach €3 million. The Finnish technology and network services provider benefitted from an order from the French police and the first shipments under a €16 million Frame agreement with the Israeli operator HOT Telecom.

Finnish equipment supplier Teleste saw significant increases in revenues and profits in the second quarter, despite an admission by the company CEO that there was no indication of the pick-up in the market.