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Eltel Secures EUR 8.4 Million Framework Agreement with Norwegian Defence

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Eltel Secures EUR 8.4 Million Framework Agreement with Norwegian Defence

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The latest announcement is out from Eltel AB ( (SE:ELTEL) ).

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 over two years, with an option for an additional two years. This agreement aims to enhance the Armed Forces’ ICT infrastructure in Norway, focusing on security and sustainability, and underscores Eltel’s expertise in critical infrastructure, further strengthening its collaboration with the Norwegian Armed Forces.

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, as well as renewable energy, supporting the digitalization and electrification of society. Eltel is headquartered in Sweden and listed on Nasdaq Stockholm, with a 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

Learn more about ELTEL stock on TipRanks’ Stock Analysis page.

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