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, to provide installation services and materials over a two-year period, with an option to extend for another two years. This agreement emphasizes security and sustainability, aiming to enhance the ICT infrastructure of the Norwegian Armed Forces in several regions, which aligns with Eltel’s expertise in critical infrastructure and telecommunications networks.
More about Eltel AB
Eltel is a leading service provider for critical infrastructure in the Nordics, with operations in Germany and Lithuania as well. 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 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
Learn more about ELTEL stock on TipRanks’ Stock Analysis page.