In comments following the release of the Finnish tech firm’s 9-month figures CEO Jukka Rinnevaara said the company was in the process of completing two large DOCSIS 3.1 network update projects.
“The transition to the new technology and distributed access architecture will decrease operators’ network investments this year, but it will enable growth in upcoming years.”
As a result of the DOCSIS 3.1 wave drawing to a close sales within the Video and Broadband Solutions division decreased by 20.3% to €101.2 million.
R&D expenses came in at €9.2 million, representing 9% of net sales.
Teleste recorded a profit of 7.5 million and is confident of a positive result, though not as high as the record 2016.