Eltel AB ( (SE:ELTEL) ) has issued an update.
Eltel AB has signed a new framework agreement with the Norwegian Defence Materiel Administration valued at approximately EUR 8.4 million for installation services and materials. This agreement, effective from April 2025, is set to last two years with an option for an additional two years, focusing on security and sustainability. It aims to address the Armed Forces’ needs for installation services related to ICT infrastructure in various Norwegian regions. This collaboration underscores Eltel’s expertise in maintaining critical infrastructure and highlights the importance of robust telecommunications networks amid increasing digitalization and security threats.
More about Eltel AB
Eltel is a leading service provider for critical infrastructure in the Nordics, specializing in communication and power networks and renewable energy. With 4,500 employees across the Nordics, Germany, and Lithuania, Eltel supports the digitalization and electrification of society. The company is headquartered in Sweden and its shares are listed on Nasdaq Stockholm, with total net sales of EUR 828.7 million in 2024.
YTD Price Performance: 10.71%
Average Trading Volume: 200
Technical Sentiment Signal: Hold
Current Market Cap: €103.6M
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