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Teleste Oyj Refocuses OTT Offering Business and Plans Personnel Reductions within Development Team


Monday, 11 Mar 2013 04:30am EDT 

Teleste Oyj announced that the Company has decided to focus its activities in the future on OTT product innovations (over the top) as a part of the Ubique solution brand launched in 2012. Consequently, Teleste has decided to discontinue the development of its own IPTV Middleware offering and to seek partnerships in this area. Additionally, the Company announced that it has initiated co-determination negotiations covering Teleste's development team in Tampere. The estimated number of personnel reductions is six persons. 

Company Quote

5.14
0.05 +0.98%
19 Dec 2014