Teleste to ‘revise its strategy’ following poor quarter with sale of German Cableway

Finland-based tech firm Teleste has decided to sell off its German services business Cableway. The announcement came alongside Teleste’s Q1 results where it announced an 11.4% decrease in net sales and an 18.3% dip in adjusted operating profit. The company said that this poor quarter has prompted it to “revise its strategy”  and that it […]

Vodafone Germany renews Teleste subsidiary for installation and maintenance

Cable and broadband technology outfit Teleste’s Cableway AG subsidiary has signed a new three-year strategic partnership agreement with Vodafone Germany for installation and maintenance services to service Vodafone’s cable network customers in Germany. The agreement ensures the continued partnership with Vodafone Germany one year prior to the expiry of the previous contract. With an expected […]