THE RESULTS OF TELESTE’S CO-DETERMINATION NEGOTIATIONS

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TELESTE CORPORATION  STOCK EXCHANGE RELEASE  2.12.2008  AT 13:00                


THE RESULTS OF TELESTE'S CO-DETERMINATION NEGOTIATIONS                          

As a result of the conducted co-determination negotiations, Teleste lays off its
personnel in Finland, in total about 430 persons, for the average period of two 
weeks. Negotiations involving additional layoffs are continued, if required by  
the market situation. As a result of the co-determination negotiations maximum  
of 9 persons may be given notice.                                               

In combination with cost cuts, the agreed measures are designed to adapt Teleste
operations to the difficult-to-predict market situation without compromising the
favourable growth potential.                                                    

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 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                   

DISTRIBUTION:                                                                   
NASDAQ OMX Helsinki                                                             
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