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Netel Holding AB ( (SE:NETEL) ) has shared an update.
Netel’s Norwegian subsidiary Nett-Tjenester has signed a new framework agreement with grid operator Glitre Nett worth up to 300 million Norwegian kroner, expanding Netel’s presence into a new geographical area within regional electricity networks. The contract, which initially runs for 22 months with options to extend until the end of 2031, covers consulting, design, procurement and installation of high-voltage components, switchgear and control systems in existing and new substations.
Management highlighted the deal as proof of Netel’s ability to grow with existing customers and deliver high-quality services, strengthening its position in Norway’s power infrastructure market. For Glitre Nett, Norway’s second-largest grid company with over 425,000 customers, the agreement supports ongoing investments in grid capacity and modernization to meet rising electrification and reliability demands.
The most recent analyst rating on (SE:NETEL) stock is a Sell with a SEK3.50 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 in infraservices, power and telecom. The company works across the value chain from design to production and maintenance of customer facilities, reported 2025 net sales of SEK 2,915 million, and employs around 800 people.
Average Trading Volume: 115,729
Technical Sentiment Signal: Sell
Current Market Cap: SEK183.1M
For a thorough assessment of NETEL stock, go to TipRanks’ Stock Analysis page.