Teleste to discontinue own IPTV middleware development

Teleste re-focuses its OTT offering business

TURKU, Finland — To improve its competitiveness for multiscreen solutions, Teleste 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.

Teleste has initiated co-determination negotiations covering company’s development team in Tampere. The estimated number of personnel reductions is 6 persons.