Netel Expands into Germany with MEUR 19 Contract

Netel Holding AB ( (SE:NETEL) ) has issued an announcement.

Netel Holding AB has signed a significant two-year contract with envia TEL, a telecommunications operator in central Germany and part of the E.ON Group, valued at MEUR 19. This agreement marks Netel’s expansion into Germany, enhancing its geographical presence and aligning with its strategic goals of acquiring new customers and expanding its reach in the telecom sector.

The most recent analyst rating on (SE:NETEL) stock is a Buy with a SEK26.00 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 leader in the development and maintenance of critical infrastructure within Infraservices, Power, and Telecom in Northern Europe. The company is involved in the entire value chain from design to maintenance of customer facilities, aiming to secure a reliable technological future. Netel reported net sales of SEK 3,300 million in 2024 and employs about 840 people. It has been listed on Nasdaq Stockholm since 2021.

Average Trading Volume: 63,653

Current Market Cap: SEK513.3M

Learn more about NETEL stock on TipRanks’ Stock Analysis page.