Eltel Secures Framework Agreement with Norwegian Defence

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

Eltel AB has secured a new framework agreement with the Norwegian Defence Materiel Administration valued at approximately EUR 8.4 million. This two-year agreement, with an option for extension, focuses on the installation and maintenance of ICT infrastructure for the Norwegian Armed Forces, emphasizing security and sustainability. The partnership highlights Eltel’s expertise in critical infrastructure, reinforcing its position in the Nordic market and its role in supporting robust telecommunications networks amid growing digitalization and security threats.

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, facilitating digitalization and electrification. Headquartered in Sweden, Eltel is listed on Nasdaq Stockholm and 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

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