Press releases

December 2015

Eltel’s power distribution wins new close to 300 000 smart meter rollout contracts with the Soria consortium in Norway

Eltel has signed new smart metering contracts with the Soria consortium for the roll out of an estimated 282 000 meters in Norway. This contract is the third major smart metering contract for Eltel in...

Eltel’s communication business announces the renewal of two major frame agreements in Finland

Eltel has been awarded with the renewal of two frame agreements with a Finnish telecommunications operator covering the services in both mobile and fixed telecom networks in Finland. These significant...

Eltel’s rail and road business signs a EUR 10 million three-year maintenance agreement with Sund & Bælt in Denmark

Eltel has signed an agreement with Sund & Bælt Holding A/S regarding maintenance of the rail system on Storebæltsbroen and Öresundsbanen. The contract period starts in April 2016 and runs for a th...

November 2015

Eltel wins two major power transmission contracts in Poland at a value of approximately EUR 26 million

Eltel Networks Energetyka S.A., a Polish subsidiary of Eltel AB, has signed a power transmission contract for an overhead transmission line project with the Polish transmission grid operator, PSE S.A.....

Eltel Group – Interim report January–September 2015

January – September 2015 Net sales EUR 857.6 million (889.8), down 3.6%*, organic net sales increased 3.1%* Operative EBITA** EUR 41.7 million (43.6) or 4.9% of net sales (4.9)

Eltel’s mobile communication business signs a three year frame agreement with Huawei in Germany

Eltel has signed a three year frame agreement with Huawei for implementation of LTE and modernisation roll outs for a major German mobile operator. The value of the frame agreement is estimated to be approximately...

Invitation to Eltel Q3 2015 interim report presentation

Eltel will publish its interim report for the third quarter 2015 on Thursday 19 November 2015 at approximately 07.30 am CET. Eltel’s CEO Axel Hjärne and CFO Gert Sköld will host a presentation in English sta...

Eltel’s power distribution signs a EUR 20 million smart metering contract with Kamstrup for DONG Energy in Denmark

Eltel has signed a contract for the rollout and implementation of smart meters for power distribution with Kamstrup A/S in their project with DONG Energy. This project will be the largest smart meter rollout...

Eltel’s newly acquired Vete in rail and road signs a four year frame agreement with Jernbaneverket in Norway

Eltel’s newly acquired Vete Signaltjenester AS in Norway has signed a four year frame agreement with Jernbaneverket. The contracted customer region is Region Midt and Region Nord and the contract period i...

Eltel’s Nomination Committee composition for the AGM 2016

The Nomination Committee of Eltel AB consists of the representatives of the four largest shareholders registered in the shareholders’ register of the company on 31 August 2015.

October 2015

Eltel’s rail and road business wins a two-year project agreement in Sweden

Eltel has won a project in its rail business in Sweden. The project will increase the rail capacity and improve the availability of so called 10 minute traffic on the rail way "Roslagsbanan" in the northern...

Eltel wins five rail and road contracts at a total value of EUR 15 million in the Nordics

Eltel has won five contracts in the rail and road sector in Denmark, Sweden and Finland. The scope of deliveries relates to electrification, communication, signalling and safety systems. The value of these...

Eltel buys a signalling company in Rail&Road business in Norway

Eltel has agreed to acquire VETE Signaltjenester AS in Norway. VETE is a recognized player in the Norwegian railway market with an important market position providing railway-signalling services.

September 2015

Great participation in Eltel’s incentive program LTIP 2015

At Eltel's General Meeting in May 2015, it was decided to implement a long-term incentive program "LTIP 2015" for key employees in the Eltel Group. The subscription period for the program took place in...

Eltel and Caruna sign a EUR 50 million frame agreement for cabling projects in Finland

Eltel and Caruna have signed a frame agreement to improve the power distribution network in the southwestern regions of Finland. Improvements in medium-voltage networks will be carried out over the next...

Eltel signs a EUR 100 million Finnish domestic commercial paper program

Eltel AB has signed a EUR 100 million Finnish domestic commercial paper program, which facilitates issuance of commercial papers with tenors less than one year for working capital and other short term...

Closing today of Eltel’s buyout of Eltel Sønnico, Norway

Eltel announced on August 21, 2015 that the Norwegian Competition Authority has approved Eltel’s acquisition of the Umoe shares with Eltel becoming the sole owner of Eltel Sønnico AS. As all the preconditions fo...

August 2015

Norwegian Competition Authority approves of Eltel transaction

The Norwegian Competition Authority has approved the merger between Eltel Networks AS and Eltel Sønnico AS. This means that one condition for completion of the transaction, of Eltel acquiring the other ...

Eltel Group Interim report January–June 2015

April - June 2015. Net sales EUR 307.8 million (299.8), up 2.7%. Organic net sales* increased 11.8%.

Mikael Johansson appointed VP Strategy in Eltel Group

Mikael Johansson has been appointed as VP Strategy in Eltel Group. He will also become a member of Eltel’s management team. Johansson joined Eltel in 2010 and moves to the new position from the position o...

Ingela Ulfves appointed VP IR and Communications in Eltel Group

Ingela Ulfves has been appointed as VP Investor Relations (IR) and Communications in Eltel Group. She will also become a member of Eltel’s management team.

Invitation to Eltel Q2 2015 report presentation

Eltel publishes its report for the second quarter 2015 on Thursday 20 August 2015 at 07.30 (CET). The same day at 12.00 (CET), Eltel’s CEO Axel Hjärne and CFO Gert Sköld host a presentation in English at ...

Eltel buys out its JV partner in Norway

Eltel has agreed to acquire the other half of the JV Eltel Sønnico AS in Norway from its partner Umoe at a price of NOK 265 million. The JV was formed in the beginning of 2014 to join the communication ...

July 2015

Eltel wins renewal of long-term contract with Orange Polska S.A.

Eltel has won a tender for a three year renewal of a contract with Orange Polska S.A. (former Telekomunikacja Polska S.A. – a national telecom operator) covering 12 out of 33 geographical telecom zones i...

Eltel’s newly acquired Edi.Son wins a power line contract in Germany

Eltel’s newly acquired Edi.Son has won a 380 kV overhead line contract with Amprion GmbH in Germany. Edi.Son will build a 7 km section of the new Rommerskirchen-Sechtem line. The new line will replace e...

June 2015

Eltel signed a new long-term contract with Stockholm Public Transportation

SL, AB Storstockholms Lokaltrafik (Stockholm Public Transportation) has chosen Eltel its maintenance partner on Lidingöbanan and Spårväg City, two of Stockholms central tram lines. The contract start da...

Eltel wins a new long-term contract with E.ON in Power distribution in Sweden

E.ON has chosen Eltel as its main contractor in two regions of its power distribution network in Sweden. The value of the contract amounts to approximately 46 MEUR over four years, from the beginning of...

May 2015

New union representatives to the Eltel board

Eltel AB held on Tuesday 19 May 2015 its first Annual General Meeting as a listed company. It was also communicated from the Eltel’s unions that they had two elected Board members and deputies.

Bulletin from the Annual General Meeting 2015 of Eltel AB

Eltel AB held on Tuesday 19 May 2015 its first Annual General Meeting as a listed company in which the following resolutions were made.

DONG in Denmark has chosen Eltel as one of its long-term partners for power distribution

DONG Energy has chosen Eltel - together with the exclusive partner, the civil works contractor Nordkysten (NK) - as one of the two area operators for services on DONG Energy El Distribution including maintenance...

Eltel’s interim report January–March 2015

Net sales amounted to EUR 239 million (259), down 7.8%. The decrease in net sales was 5.8% at comparable exchange rates and excluding the Communication business in Norway, which in 2015 is deconsolidated,...

Nomination Committee of Eltel AB proposes Rada Rodriguez as new board member and revises its proposals for AGM 2015 concerning members of the Board

The Nomination Committee of Eltel AB has unanimously resolved to propose Rada Rodriguez as new board member of Eltel AB. On 20 April 2015, the Nomination Committee announced its proposals for the Annual...

Invitation to Eltel Q1 2015 report presentation

Eltel publishes its report for the first quarter 2015 on Tuesday 19 May 2015 at 08.00 (CET). The same day at 12.00 (CET), Eltel’s CEO Axel Hjärne and CFO Gert Sköld host a presentation in English at Sum...

Eltel wins another major smart metering contract in Norway

Norwegian power utility Skagerak Nett AS has chosen Eltel its rollout partner  in their smart metering project. The rollout consists of 180.000 AMM meters to be installed by 2019.

April 2015

Eltel’s annual report for 2014 published

Eltel has today published the Annual Report for 2014. In the report Eltel has introduced new names for some of its Business Segments and Business Units that better describe the service offerings of the...

Annual General Meeting in Eltel AB (publ) on 19 May 2015

The shareholders of Eltel AB (publ) (“Eltel” or the “Company”) are hereby invited to the Annual General Meeting to be held on Tuesday 19 May 2015 at 15.00 at the Company’s premises at the address Adolfs­be...

Eltel and Hafslund sign the largest Norwegian smart metering rollout contract

Eltel and Hafslund Nett have announced today the signing of the largest Norwegian smart metering rollout contract. The volume amounts to 630,000 direct measured meters to be installed by 2019, with approximately...

March 2015

Eltel makes an acquisition in Germany

Eltel has acquired the German company Edi.Son Energietechnik GmbH within the Power segment. The acquired company shows a turnover of over EUR 20 million per year and has more than 100 employees.

February 2015

Number of shares and votes in Eltel

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Full-year report January–December 2014

 October – December 2014 Net sales amounted to EUR 352.3 million (345.8), up by 1.9%. At comparable exchange rates net sales increased by 4.5% Operative EBITA* amounted to EUR 17.7 million (15.4) or 5....

Eltel Nomination Committee for AGM 2015

Based on the February 13, 2015, known ownership in Eltel, a committee is appointed before the 2015 Annual General Meeting (“AGM”).

Exercise of the over-allotment option in Eltel

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Correction: Invitation to Eltel interim report presentation

Correction: The telephone number to call in to the telephone conference from UK is +44 20 3428 1413. Eltel will publish its Year-end report for 2014 and Interim report for the fourth quarter 2014 on Friday...

Invitation to Eltel interim report presentation

Eltel will publish its Year-end report for 2014 and Interim report for the fourth quarter 2014 on Friday 20 February 2015 at 07.30 (CET). The same day at 12.00 (CET), Eltel’s CEO Axel Hjärne and CFO Ge...

Offer price for Eltel’s initial public offering set at SEK 68 per share – trading on Nasdaq Stockholm commences today

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January 2015

Eltel publishes its prospectus and announces the price range for its initial public offering and listing on Nasdaq Stockholm

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Eltel signs a long term contract with TeliaSonera

Eltel has signed a five year contract with TeliaSonera, covering the Nordic and Baltic regions. The new contract strengthens the close cooperation between TeliaSonera and Eltel, renewing the contracted...

Eltel Power Transmission signed a 110 kV green field substation contract in Finland

Eltel Power Transmission has signed a 110 kV green field substation contract with Fingrid in Finland.

Eltel wins new scope with the Swedish Defence

Eltel has been a winner to add new scope to frame agreement with the FMV (FMV is a civil authority under the Ministry of Defence in Sweden). The contract consists of 140 functional objects for the command...

Eltel announces its intention to launch an initial public offering and listing on Nasdaq Stockholm

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