Eltel AB ( (SE:ELTEL) ) just unveiled an update.
Eltel AB has secured a new framework agreement with the Norwegian Defence Materiel Administration valued at EUR 8.4 million for installation services and materials. This two-year agreement, with an option for two additional years, focuses on enhancing the Armed Forces’ ICT infrastructure in Norway, emphasizing security and sustainability. The collaboration aims to bolster telecommunications networks amid a growing threat landscape and increased digitalization, reinforcing Eltel’s position as a key player in critical infrastructure development.
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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