Eltel Secures Framework Agreement with Norwegian Defence

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

Eltel AB has signed a new framework agreement with the Norwegian Defence Materiel Administration valued at approximately EUR 8.4 million. This agreement, effective from April 2025, will last for two years, with an option to extend for another two years, focusing on installation services and materials for the Norwegian Armed Forces’ ICT infrastructure. This collaboration emphasizes security and sustainability, aligning with Eltel’s expertise in developing and maintaining critical infrastructure, which is crucial given the increasing threat landscape and the ongoing digitalization of society.

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 specializes in services and turnkey solutions for communication and power networks and renewable energy, supporting the digitalization and electrification of society. Eltel’s head office is in Sweden, and its shares are listed on Nasdaq Stockholm.

YTD Price Performance: 10.71%

Average Trading Volume: 200

Technical Sentiment Signal: Hold

Current Market Cap: €103.6M

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