Teleste Oyj

Teleste Corporation's Shareholders’ Nomination Board has proposed that the number of Board of Directors members remain at six, with the current members being re-elected for another term. These members are Timo Luukkainen, Jussi Himanen, Vesa Korpimies, Mirel Leino-Haltia, Anni Ronkainen, and Kai Telanne. All members are considered independent of the company, except for Luukkainen and Korpimies, who are not independent of a significant shareholder, Tianta Oy. The Nomination Board also recommends that the remuneration for the Board remain unchanged, with the Chairman receiving EUR 66,000 annually and each member EUR 33,000. The Chairman of the Audit Committee is to receive EUR 49,000. Forty percent of the remuneration will be used to purchase Teleste shares, and the remainder will be paid in cash. No separate meeting fees will be paid, except for a EUR 400 fee for committee meetings attended. Teleste, a company specializing in broadband, security, and information technologies, reported net sales of EUR 151.3 million in 2023 and employs around 800 people. It is listed on Nasdaq Helsinki.

Teleste, a Finnish company, has partnered with Mega Hertz, a US-based reseller and systems integrator, to expand the reach of its 1.8 GHz ICON amplifiers and Distributed Access nodes in the United States. These amplifiers are designed to enhance broadband network performance and efficiency, offering features like advanced automation and real-time network monitoring. The partnership aims to support small and mid-tier operators in the US by providing innovative broadband solutions. Teleste is recognized for its contributions to broadband, security, and information technologies, and Mega Hertz has a strong reputation for delivering multi-technology solutions to improve service quality and reduce costs for broadband operators.

Teleste Corporation has reported an increase in orders from its North American customers for its ICON 1.8 GHz intelligent amplifiers, which adhere to the DOCSIS 4.0 specification. This technology enables 10 Gbps broadband speeds and supports efficient network upgrades, reducing operational costs. In 2024, Teleste received over 20 million Euros in orders, with most deliveries scheduled for the first half of 2025. The company is expanding production capacity to meet this demand and improve logistics and manufacturing. Starting in 2025, Teleste will provide more detailed geographical revenue reporting for its business units. Teleste, with 2023 net sales of EUR 151.3 million and around 800 employees, is listed on Nasdaq Helsinki and offers products and services in broadband, security, and information technologies.

Teleste, a company based in Turku, Finland, has launched a new display unit controller that enhances the capabilities of its RGB LED and TFT LCD information displays. This technology improves performance, cybersecurity, and operational efficiency, catering to the needs of transit operators globally. The controller, powered by the Intel Atom® x7433RE Processor and incorporating Teleste’s advanced diagnostics, aims to transform the passenger information experience. Claudio Borrello, Head of Display Solutions at Teleste, highlighted the company's commitment to innovation, noting that the new controller will lower operational costs for transit operators and improve passenger experiences. The controller will be a standard feature in all new Teleste passenger information displays. Teleste is an international company providing broadband, security, and information technology solutions, with 2023 net sales of EUR 151.3 million and approximately 800 employees. It is listed on Nasdaq Helsinki.

Teleste Corporation has announced a strategic focus on expanding its presence in North America by appointing Ulf Andersson as the Executive Vice President and General Manager of its Broadband Networks business unit. Andersson, who will join the Leadership Team and be based in the USA, will take on his new role starting January 1, 2025. He brings extensive experience in telecommunications, having previously held executive positions at Falcon V Systems, MobiledgeX, and Ericsson. The current head of the business unit, Hanno Narjus, will transition to a new role as Senior Fellow, Industry Relations, focusing on industry relations, technology strategy, and market analysis. Teleste aims to leverage its strong market position in Europe to drive business growth in North America. The company, listed on Nasdaq Helsinki, provides products and services for broadband, security, and information technologies, with 2023 net sales of EUR 151.3 million and approximately 800 employees.

Teleste Corporation released an update on its financial outlook for 2024, estimating net sales between EUR 120–135 million and an adjusted operating result of EUR 1–4 million. The company has restructured its segment reporting into Broadband Networks and Public Safety and Mobility. President & CEO Esa Harju noted improved profitability despite decreased orders and revenue compared to the previous year, attributing this to cost-saving measures. The Broadband Networks segment saw low European demand but rising North American delivery volumes, with expectations of growth through 2025 and 2026. The Public Safety and Mobility segment advanced several projects to commercialization, with significant deliveries expected by year-end. Teleste signed a €53 million financing agreement to support its strategy and announced plans to restructure its legal entities by year-end. In 2023, Teleste's net sales were EUR 151.3 million, and it employed about 800 people. The company is listed on Nasdaq Helsinki.