Teleste Corporation announced its schedule for financial reporting and the Annual General Meeting in 2025. The Annual Report for 2024 will be available on their website during the 13th week of 2025. The Annual General Meeting is planned for April 23, 2025, in Helsinki, with the Board of Directors to officially summon the meeting later. Teleste, an international company in broadband, security, and information technologies, reported net sales of EUR 151.3 million in 2023 and employs around 800 people. The company is listed on Nasdaq Helsinki.

Teleste Corporation has announced the composition of its Shareholders' Nomination Board. According to the guidelines approved by the Annual General Meeting in 2020, the board members represent the company's three largest shareholders. The Nomination Board is responsible for preparing and presenting proposals on the election and remuneration of the Board of Directors to the Annual General Meeting, ensuring the board members have the necessary competence and experience. The proposals are to be submitted to Teleste’s Board of Directors by February 28, 2025. Teleste, an international company in broadband, security, and information technologies, reported net sales of EUR 151.3 million in 2023 and employs around 800 people. The company is listed on Nasdaq Helsinki.

Teleste has announced the successful shipment of the first 10,000 units of its intelligent ICON 1.8 GHz amplifiers to North American customers, marking a significant step in the deployment of DOCSIS 4.0 compliant technologies. These amplifiers, equipped with transponders, enable remote monitoring, management, and control of Outside Plant, optimizing network performance and reducing operational costs. Teleste's CEO, Esa Harju, highlighted the amplifiers' role in advancing smarter and more sustainable cable broadband networks. With increasing demand, Teleste has scaled up production to meet the needs of the North American market. The company will showcase these amplifiers at SCTE TechExpo24 in Atlanta. For more information, contact Hannele Ahlroos or visit Teleste’s website.

Teleste Corporation has issued a profit warning, lowering its financial guidance for 2024 due to lower-than-expected demand in the European Broadband Networks business. The company now estimates net sales for 2024 to be EUR 120–135 million and an adjusted operating result of EUR 1–4 million. This is a revision from the previous guidance, which estimated net sales of EUR 140-150 million and an adjusted operating result of EUR 3-6 million. Despite growth in North American delivery volumes, they will not fully offset the decline in Europe. Teleste has implemented cost-saving measures amounting to over 8 million euros annually and will temporarily reduce working hours for some European personnel. Investments in the North American market will continue as planned. Teleste specializes in broadband, security, and information technologies, and in 2023, it reported net sales of EUR 151.3 million with around 800 employees. The company is listed on Nasdaq Helsinki.

Teleste has launched a new central software, Teleste Hub, designed for content management in the public transportation industry. Developed in collaboration with ITESMEDIA, Teleste Hub enables transit operators to manage real-time information, advertisements, and entertainment content across multiple vehicles and stations through a user-friendly interface. The software aims to enhance operational efficiency, drive continuous improvement, and create new revenue streams for public transport operators. Teleste Hub serves both existing and new clients and is tailored to the evolving needs of global public transport systems. Teleste will showcase this software at InnoTrans 2024 in Berlin. For more information, visit Teleste's website or contact Executive Assistant Hannele Ahlroos. Teleste is a leading provider of broadband, security, and information technologies, with a global presence and significant industry experience.

Teleste Corporation has secured a EUR 53 million syndicated loan facilities agreement with three relationship banks, consisting of a EUR 26 million term loan, a EUR 19 million revolving credit facility, and EUR 8 million in commercial guarantee limits. The agreement, which includes customary covenants, has a 2-year maturity with two 1-year extension options and replaces bilateral loan agreements maturing in 2025 and 2026. The term loan will be amortised in quarterly instalments of EUR 0.8 million. The lead arrangers are Danske Bank, Nordea Bank, and OP Corporate Bank. Teleste's CEO, Esa Harju, expressed satisfaction with the terms and lender base of the agreement, which supports the company's strategy. Teleste, an international company in broadband, security, and information technologies, reported net sales of EUR 151.3 million in 2023 and employs approximately 800 people.