Teleste Oyj

Teleste has formed a partnership with Finnish company Kyrel Oy to enhance its Public Safety and Mobility business unit. This collaboration aims to ensure high quality, agility, and delivery reliability. Both companies share values of customer-centricity and reliability, which form a strong foundation for their partnership. Teleste's Director of Operations, Logistics, and Sourcing, Marko Uutela, emphasized the importance of reliable partnerships for improving operations and supply chain capabilities. Kyrel's Managing Director, Mika Räty, highlighted the potential for long-term collaboration to advance both companies and the electronics industry in Finland. The partnership is expected to create more value for Teleste’s customers. Teleste is an international company specializing in broadband, security, and information technologies, with net sales of EUR 151.3 million in 2023 and approximately 800 employees.

Teleste, a Finnish technology company, and Swarco, a traffic management solutions provider, have signed a six-year agreement to supply modern information displays to Din Tur, the public transport authority for Västernorrland County in Sweden. The project, which begins in May 2024, aims to enhance public transport services by replacing information displays across Din Tur's bus stop network. Teleste's 32” TFT displays will be used due to their reliability, visual quality, and suitability for Nordic outdoor conditions. The upgrade is expected to improve the experience of the up to 10 million passengers who travel with Din Tur annually.

Finnish company Teleste has launched the CX4 compact dual output amplifier for cable broadband networks. It is the first amplifier of its kind in Europe, compatible with both 1.8 GHz and 1.2 GHz networks. The CX4 is designed to maximize the potential of existing DOCSIS 3.1 networks and is compatible with future network generations, including DOCSIS 4.0. It features a return path of up to 492 MHz, a high gain return amplifier, and a Power Save mode for energy efficiency. It also includes ingress control switches for service quality and an IP67-rated enclosure for durability. The CX4 is specifically designed for European cable broadband operators and will be showcased at ANGA COM 2024.

Teleste Corporation has appointed Esa Korolainen as its new Senior Vice President of Operations and a member of the management group, effective from May 27, 2024. Korolainen will oversee Teleste's manufacturing, procurement, and logistics operations. With over two decades of experience in international business, he has managed procurement and logistics for various international technology firms and supervised multiple manufacturing sites within global production chains. Teleste is focused on expanding in North America and enhancing its operations with a customer-centric approach. The company is also committed to enhancing its production capabilities through automation and digital innovation.

Teleste Corporation has announced changes to its internal reporting practices and launched a project to align the company's legal entity structure with its operational structure. The changes will result in the formation of two operating segments, Broadband Networks and Public Safety and Mobility. From the first interim report of 2024, Teleste will report its key financial figures according to this new segment structure. The company has also released its restated 2023 key figures according to the new operating segments. Teleste is an international company in broadband, security and information technologies and related services. In 2023, its net sales reached EUR 151.3 million.

On April 2, 2024, Teleste Corporation announced a transaction involving its CEO, Esa Harju. According to the initial notification, Harju received a share-based incentive linked to the company's stock option program on March 28, 2024. The transaction involved 983 shares, received at no cost. Teleste Corporation is an international broadband, security, and information technology company that recorded net sales of EUR 151.3 million in 2023. The company is listed on Nasdaq Helsinki.

Teleste Corporation has conveyed 8,628 of its own treasury shares to key employees as part of its long-term share-based incentive programme for the plan period 2021-2023. The decision was based on the authorisation given to the Board of Directors at the Annual General Meeting of Shareholders held in April 2023. After this share delivery, the company now holds 738,398 of its own shares. Teleste is a leading international company in broadband, security and information technologies and related services, with net sales of EUR 151.3 million in 2023.