Eltel Secures EUR 8.4 Million Agreement with Norwegian Defence

Eltel AB ( (SE:ELTEL) ) just unveiled an update.

Eltel AB has signed a new framework agreement with the Norwegian Defence Materiel Administration, valued at approximately EUR 8.4 million, to provide installation services and materials over a two-year period, with an option to extend for another two years. This agreement focuses on enhancing the Armed Forces’ ICT infrastructure across several regions in Norway, emphasizing security and sustainability. The 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, with operations in Germany and Lithuania as well. The company specializes in services and turnkey solutions for communication and power networks, as well as renewable energy, supporting the digitalization and electrification of society. Headquartered in Sweden, Eltel is listed on Nasdaq Stockholm and reported 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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