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 for installation services and materials. This two-year agreement, with an option for an additional two years, focuses on enhancing the ICT infrastructure of the Norwegian Armed Forces in various regions, emphasizing security and sustainability. This collaboration is crucial for Eltel as it aligns with their expertise in developing and maintaining critical infrastructure, especially in the face of increasing digitalization and security threats.

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 amounting to 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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