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Eltel AB Secures Framework Agreement with Norwegian Defence

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Eltel AB Secures Framework Agreement with Norwegian Defence

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Eltel AB ( (SE:ELTEL) ) has provided an update.

Eltel AB has secured a new framework agreement with the Norwegian Defence Materiel Administration valued at approximately EUR 8.4 million for installation services and materials. This two-year agreement, with an option for an additional two years, focuses on enhancing the Armed Forces’ ICT infrastructure in Norway, emphasizing security and sustainability. This collaboration underscores Eltel’s expertise in developing and maintaining critical infrastructure, which is increasingly vital amid a growing threat landscape and societal digitalization.

More about Eltel AB

Eltel is a leading service provider for critical infrastructure in the Nordics, with operations across the Nordics, Germany, and Lithuania. The company specializes in services and turnkey solutions for communication and power networks, as well as renewable energy, supporting digitalization and electrification. Eltel is headquartered in Sweden and its shares are listed on Nasdaq Stockholm.

YTD Price Performance: 10.71%

Average Trading Volume: 200

Technical Sentiment Signal: Hold

Current Market Cap: €103.6M

Find detailed analytics on ELTEL stock on TipRanks’ Stock Analysis page.

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