Demand for broadband networking capacity, fuelled by increased remote working and the growing consumption of streaming services, has helped Teleste increase sales in 2022.
Net sales increased by 32% in the third quarter to €42.6 million and by 13.2% to €119 million in the nine months to September 2022.
The Finnish tech firm is forecasting net sales this year will match or exceed the level of 2021, though it is anticipated net profits will “remain significantly below” last year’s €5.5 million.
Network operators have been investing in DOCSIS 3.1-compliant 1.2 GHz network upgrades during the past few years. Investments in HFC network infrastructure are also continuing, and updates to distributed access architecture have also increased during 2022.
It’s anticipated that North American operators in particular will invest heavily when DOCSIS 4.0 products enter the market starting in 2023, while European operators will partially switch to fibre investments to maintain their lead over other fixed network competitors.
Product development projects for Teleste’s 1.8 GHz DOCSIS 4.0-compliant network products are ongoing.