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Netel Holding AB ( (SE:NETEL) ) has issued an announcement.
Netel Holding AB has broadened its partnership with Norwegian grid company Elvia through a new four-year framework agreement covering roughly half of Oslo Municipality, marking a significant entry into a new geographic market, while simultaneously renewing a four-year framework contract for the Søndre Follo area south of Oslo. The agreements, together worth more than NOK 110 million, cover delivery, connection and upgrading of electricity distribution networks in high-activity regions, reinforcing Netel’s foothold in a strategically important area and underscoring its growth strategy of expanding into adjacent geographies within the Nordic infrastructure and power grid market.
The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK4.50 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.
More about Netel Holding AB
Netel Holding AB is a Stockholm-listed infrastructure services group with more than 25 years of experience in developing and maintaining critical infrastructure across infraservices, power and telecom. The company works across the value chain from design and construction to maintenance of customer facilities, generated net sales of SEK 3.3 billion in 2024, and employs around 840 people, focusing on enabling reliable and accessible technology-driven networks.
Average Trading Volume: 199,692
Technical Sentiment Signal: Sell
Current Market Cap: SEK218.8M
For a thorough assessment of NETEL stock, go to TipRanks’ Stock Analysis page.