Teleste has said it will discontinue its IPTV middleware offer, opting instead for partnerships with other manufacturers in the area.
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.
Mobile TeleSystems OJSC (MTS) is to deploy the Teleste Luminato video headend platform and Teleste Broadcast Manager service as part of a nationwide digital TV network across Russia.
Denmark’s leading cable operator, YouSee, has signed a three-year frame agreement with Teleste, with an option for a further extension through to 2016.
Teleste has signed a frame agreement with Immomedianet for the upgrade of 13,200 in the Hamburg area.
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.
Finnish cablenet Turku TV’s new VOD service will go live this spring following initial tests in the Turku area later this month.