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Eltel Secures New Framework Agreement with Norwegian Defence

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Eltel Secures New Framework Agreement with Norwegian Defence

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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 two-year agreement, with an option to extend for another two years, focuses on installation services and materials for the Norwegian Armed Forces’ ICT infrastructure. The collaboration emphasizes security and sustainability, aiming to enhance the telecommunications networks in Nordland, Central Norway, and Southwest Norway. This agreement reinforces Eltel’s position as a key player in developing and maintaining critical infrastructure, particularly in the context of an 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 Germany and Lithuania. The company specializes in enabling digitalization and electrification through services and turnkey solutions for communication and power networks, as well as renewable energy. Eltel is headquartered in Sweden and its shares are listed on Nasdaq Stockholm, with a 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

For a thorough assessment of ELTEL stock, go to TipRanks’ Stock Analysis page.

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