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Eltel AB ( (SE:ELTEL) ) has shared 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. The two-year agreement, with an option for two additional years, focuses on enhancing the Armed Forces’ ICT infrastructure in Norway’s Nordland, Central, and Southwest regions. This collaboration underscores Eltel’s expertise in developing and maintaining critical infrastructure, reinforcing its position in the Nordic market amid increasing digitalization and security demands.
More about Eltel AB
Eltel is a leading service provider for critical infrastructure in the Nordics, with operations in Germany and Lithuania. The company specializes in services and turnkey solutions for communication and power networks and renewable energy, supporting the digitalization and electrification of society. Eltel is headquartered in Sweden and its shares are listed on Nasdaq Stockholm, with 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
For detailed information about ELTEL stock, go to TipRanks’ Stock Analysis page.