Teleste’s subsidiary Cableway AG has signed a three-year contract extension with Kabel Deutschland on the upgrading and maintenance services of cable networks. In terms of net sales, the estimated annual value of this frame agreement equals approximately €50 million. The agreement is based on the frame of the previous two-year contract now about to expire. The new agreement consolidates Cableway’s position as the leading German cable network services company enabling long-term development of the business.
Kabel Deutschland is the largest cable operator in Germany with approximately 9 million connected households.