A €7.7 million impairment in Teleste’s German services business has the Finnish tech firm to deliver a profit warning.
Antronix, a designer and manufacturer of broadband products in the US, and Teleste, a provider of video and broadband technologies and related services in Europe, have entered a joint venture to offer Next Generation Gigabit cable access network solutions to the North American broadband markets.
DNA has completed the upgrade of its cable network in Southern Finland.
Teleste’s first quarter profits have taken their predicted hit, but the Finnish tech firm and cable plant supplier says its order book is growing once again.
Teleste says it is seeing a decline in its order backlog and that the next 12 months will see profits lower than those seen in 2016.
Telecommunications operator DNA is updating its fixed broadband network in Southern Finland. Teleste is supplying DOCSIS 3.1-compatible, 1.2 GHz, network products as well as network services to the upgrade.
Teleste is to show ANGA COM attendees the latest in headend development and smart services.
Teleste has reached an agreement with the Polish cable operator Multimedia Polska on the development of a next generation TV content delivery system.
Teleste had net sales of €66.2 million in the third quarter, a 31.4% increase on the same period last year.
Teleste has reached agreement with Canal Digital Cable TV to deliver access network equipment for its network upgrade.