TELESTE COMPANY MKS IN GERMANY RECEIVES AN ORDER FROM NETCOLOGNE

TELESTE CORPORATION  STOCK EXCHANGE RELEASE  22.7.2009  AT 13:00				            

TELESTE COMPANY MKS IN GERMANY RECEIVES AN ORDER FROM NETCOLOGNE                

German cable operator Netcologne has ordered a fibre network upgrade project by 
Teleste's local service company. Netcologne is an operator mainly operating     
networks in Cologne and Bonn areas. The upgrade targets at meeting the highest  
demands of today's high speed internet users.                                   

The project is planned to last for one year and it's provided by Teleste as a   
turn-key project. The deal is strategic for Teleste following the previously    
chosen service strategies. The project value is approximately 3.9 million euros 
and the project will start in July 2009.                                        

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 2008 the group's net sales totalled EUR 109 million and the group
employed 677 persons at the year-end. The company has approximately 30 offices  
world-wide and over 90% of Teleste's net sales are generated outside Finland.   
The company is listed on the NASDAQ OMX Helsinki Ltd.                           
Visit www.staging.staging.staging.staging.teleste.com for more information.                                     


TELESTE CORPORATION                                                             

Jukka Rinnevaara                                                                
CEO                                                                             


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

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