Teleste has sold its Broadband Networks’ planning and services unit in Switzerland to the local management and a private investor
TURKU, FINLAND – 28 June 2023 - The divestment of the services business in Switzerland will sharpen Teleste’s focus on its Broadband Networks’ technology business. The divestment does not have any impact on Teleste’s service business in other countries. The services business in Switzerland has been operated by Teleste Network Services SA, a subsidiary of Teleste Corporation. In 2022, Teleste Network Services SA reported net sales of CHF 5.4 million. The company had 34 employees at the end of 2022. The purchase price has been settled in cash. The transaction is estimated to increase