tiprankstipranks
Trending News
More News >

Eltel Secures Frame Agreement with E.ON for Infrastructure Services

Story Highlights
Eltel Secures Frame Agreement with E.ON for Infrastructure Services

Don’t Miss TipRanks’ Half-Year Sale

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

Eltel AB has signed a new frame agreement with E.ON for connection and metering services across five geographical areas, valued at EUR 24.6 million for the initial three-year period. This agreement, which includes potential extensions, reinforces Eltel’s position in critical infrastructure and supports the electrification efforts in Sweden.

More about Eltel AB

Eltel is a leading service provider for critical infrastructure in the Nordics, with operations in the Nordics, Germany, and Lithuania. The company focuses on enabling digitalization and electrification through services and turnkey solutions for communication and power networks, as well as renewable energy. Headquartered in Sweden, Eltel is listed on Nasdaq Stockholm and reported net sales of EUR 828.7 million in 2024.

YTD Price Performance: 51.86%

Average Trading Volume: 49,956

Current Market Cap: SEK1.53B

For detailed information about ELTEL stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1