Eltel Secures EUR 8.4 Million Framework Agreement with Norwegian Defence

Eltel AB ( (SE:ELTEL) ) has issued an announcement.

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 a two-year extension, focuses on enhancing the Armed Forces’ ICT infrastructure in Norway, emphasizing security and sustainability. This collaboration underscores Eltel’s role in developing and maintaining critical infrastructure amid growing digitalization and security challenges.

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. The company operates with 4,500 employees across the Nordics, Germany, and Lithuania, facilitating digitalization and electrification. Eltel is headquartered in Sweden and listed on Nasdaq Stockholm, with 2024 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

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