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TELESTE SIGNS A NEW FRAME AGREEMENT WITH ALTICE GROUP

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TELESTE CORPORATION  STOCK EXCHANGE RELEASE	19.3.2008 AT 10:00                  


TELESTE SIGNS A NEW FRAME AGREEMENT WITH ALTICE GROUP                           

Teleste has been chosen for Fttx equipment supplier for Ypso a member of Altice 
Group. Value of the frame agreement is 3 million euros.                         

The large-scale upgrade deployment program of Altice cable networks will        
continue by changing the architecture from HFC towards deep fibre to enable     
higher capacity for new services up to 100 Mb/s high speed data, VOD, telephony 
and HDTV.                                                                       
                                                                                
This new agreement involves AC8000 optical node designed to increase the        
transmission networks return path capacity to a new level.                      

By this new contract Teleste confirms its dominant position as the supplier of  
fibre equipments in France and Europe.                                          

Altice Group, the largest cable operator in France, currently serves over nine  
million homes.                                                                  

Teleste is an international technology group founded in 1954, which is          
specialized in broadband data communication systems and solutions. The group is 
divided into two Strategic Business Units: Broadband Cable Networks and Video   
Networks. Broadband Cable Networks serves cable operators and a major part of   
its business activities are handled through direct customer contact. Video      
Networks supplies solutions for optical signal transmission and video network   
management software solutions for video surveillance and a major part of its    
business is handled through system integrators. Both Business Units are among   
the leading providers in their market areas and are globally recognized for     
their know-how and ability to produce technically cutting edge solutions year   
after year. In 2007 the group's net sales totalled EUR 125.1 million and the    
group employed 672 persons at the year-end. The company has approximately 30    
offices world-wide and over 91% of Teleste's net sales are generated outside    
Finland. The company is listed on the OMX Nordic Exchange Helsinki.             
Visit www.teleste.com for more information.                                     


TELESTE CORPORATION                                                             

Jukka Rinnevaara                                                                
CEO                                                                             


ADDITIONAL INFORMATION:                                                         
Mr Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488  


DISTRIBUTION:                                                                   
OMX Nordic Exchange Helsinki                                                    
Media                                                                           
www.teleste.com

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