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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Eltel AB (publ)    ELTEL   SE0006509949

ELTEL AB (PUBL)

(ELTEL)
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Eltel : signs a three-year telecom frame agreement with Telenor in Norway

11/18/2020 | 02:01am EST

Eltel's Communication business in Norway has signed a three-year continuation of a current frame agreement with Telenor, Norway's largest provider of telecommunications and digital services. The agreement covers field services for about EUR 180-280 million and includes an option of up to two years.

The frame agreement is based on a model where Eltel will be responsible for a contracted volume of design, planning, service deliveries, installations and maintenance, for given geographical areas.

With the new agreement, Eltel will continue to play key role in upgrading the digital infrastructure through fibre and 5G roll out, thereby successfully defending its market-leading position in Norway.

The new frame agreement is valid from January 2021 through December 2023. The agreement includes an option of up to two years.

For further information:
Thor-Egel Bråthen, Managing Director, Eltel Networks AS, Norway
Tel: + 47 908 60 215, thor.egel.brathen@eltelnetworks.no

Elin Otter, Director, Communications and Investor Relations
Tel: + 4672 595 4692, elin.otter@eltelnetworks.se

About Eltel
Eltel is a leading Nordic field service provider for power and communication networks. We deliver a comprehensive range of solutions - from maintenance and upgrade services to project delivery. This includes design, planning, building, installing and securing the operation of power and communication networks for a more sustainable and connected world today and for future generations. In 2019, Eltel had annual sales of EUR 1.1 billion. The total number of employees currently stands at around 6,000. Eltel AB is listed on Nasdaq Stockholm.

https://news.cision.com/eltel/r/eltel-signs-a-three-year-telecom-frame-agreement-with-telenor-in-norway,c3238965

https://mb.cision.com/Main/11435/3238965/1336476.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
ELTEL AB (PUBL) 0.45% 22.4 Delayed Quote.-0.89%
TELENOR ASA -1.22% 145.85 Real-time Quote.1.20%
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Financials
Sales 2020 956 M 1 164 M 1 164 M
Net income 2020 12,8 M 15,6 M 15,6 M
Net Debt 2020 148 M 181 M 181 M
P/E ratio 2020 27,7x
Yield 2020 -
Capitalization 347 M 421 M 423 M
EV / Sales 2020 0,52x
EV / Sales 2021 0,50x
Nbr of Employees 6 012
Free-Float 58,4%
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Mean consensus BUY
Number of Analysts 1
Average target price 2,34 €
Last Close Price 2,22 €
Spread / Highest target 5,47%
Spread / Average Target 5,47%
Spread / Lowest Target 5,47%
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Managers and Directors
NameTitle
Lars Casimir Lindholm President & Chief Executive Officer
Ulf Sven Ivar Mattsson Chairman
Saila Miettinen-Lähde Chief Financial Officer
Jonny Andersson Director
Björn Ekblom Director
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