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Tag: teleste
Teleste divests German Cableway service business to Circet Deutschland
2020-10-05 09:28:00| Telecompaper Headlines
(Telecompaper) Finnish network specialist Teleste said it will divest its Cableway services business in Germany to Circet Deutschland, a subsidiary of the Circet Group, for a preliminary net purchase price of EUR 8 million to be paid in cash at closing. The final purchase price depends on the net working capital and net debt at the closing date. The German Federal Cartel office will have to approve the transaction, which is expected to be completed in Q4. Teleste revised its strategy earlier this year to focus on technology business operations and services of higher added value that support those operations.
Tags: service
business
deutschland
german
Teleste aims to sell German Cableway services ops, says Q1 net sales drop 11%
2020-05-15 09:56:00| Telecompaper Headlines
(Telecompaper) Finnish software provider Teleste said it has decided to sell its Cableway services businesses in Germany and has announced an 11.4 percent drop in first quarter net sales with an 18.3 percent fall in adjusted operating profit. Selling the German services business operations aims to safeguard Teleste's financial position ability to invest in growth areas. Teleste said if restrictions on movement to curb coronavirus stay in effect until the end of Q2 the negative impact on its FY net sales would be significant.
Teleste withdraws FY financial guidance due to uncertainty caused by Covid-19
2020-03-30 09:22:00| Telecompaper Headlines
(Telecompaper) Finnish network equipment specialist Teleste said it is withdrawing its financial guidance for 2020 issued on 13 February, because of the potential impact of the Covid-19 pandemic and economic uncertainty. Teleste had predicted that net sales would not deviate materially from the EUR 235.5 million achieved for the 2019 full year, and predicted an adjusted operating profit of EUR 6-10 million compared with EUR 7.7 million in 2019.
Tags: due
financial
caused
guidance
DNA deploys Teleste transcoders for live TV and VOD services
2018-09-13 13:00:32| Digital TV News
Teleste has revealed that DNA has deployed Teleste's Optimo transcoders for the delivery of live TV and VOD via OTT networks. The transcoders enable DNA to provide 4K TV channels and streaming videos, and customers can also enjoy the content on mobile devices.
Teleste to deliver headend system to Türksat
2018-06-11 13:00:58| Digital TV News
Teleste will deliver a complete headend system to Türksat in cooperation with its Turkish Value Added Reseller. Based on Telestes Luminato digital headend, the deployment will provide Türksat with a platform for CATV, OTT and IPTV delivery and live content processing.
Tags: system
deliver
headend
teleste