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Eltel AB ( (SE:ELTEL) ) has issued an update.
Eltel AB has signed a new framework agreement with the Norwegian Defence Materiel Administration valued at EUR 8.4 million for installation services and materials. This two-year agreement, with an option for extension, focuses on security and sustainability, aiming to address the Norwegian Armed Forces’ needs for ICT infrastructure development in specific regions. This collaboration reinforces Eltel’s position in the industry by leveraging its expertise in critical infrastructure, particularly as the demand for robust telecommunications networks grows due to digitalization and increasing security threats.
More about Eltel AB
Eltel is a leading service provider for critical infrastructure in the Nordics, with a workforce of 4,500 across the Nordics, Germany, and Lithuania. The company specializes in services and turnkey solutions for communication and power networks, as well as renewable energy, facilitating the digitalization and electrification of society. Headquartered in Sweden, Eltel’s shares are listed on Nasdaq Stockholm, and in 2024, the company reported net sales of EUR 828.7 million.
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.