Eltel Secures EUR 8.4 Million Agreement with Norwegian Defence

Eltel AB ( (SE:ELTEL) ) has issued 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. The collaboration underscores Eltel’s expertise in developing and maintaining critical infrastructure, which is vital in the context of increasing digitalization and security threats.

More about Eltel AB

Eltel is a leading service provider for critical infrastructure in the Nordics, specializing in services and turnkey solutions for communication and power networks, as well as renewable energy. With 4,500 employees across the Nordics, Germany, and Lithuania, Eltel plays a significant role in enabling digitalization and electrification in society. The company is headquartered in Sweden and is listed on Nasdaq Stockholm, with a 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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