Press releases

January 2019

Eltel signs renewal of three-year telecom frame agreement in Finland worth about EUR 39 million

Eltel’s Communication business in Finland has signed a renewal of a three-year frame agreement with Finnish telecommunications provider DNA to be a major fixed network service supplier. The agreement i...

Change in Eltel Group Management Team

Elin Otter has been appointed new member of the Eltel Group Management Team as of January 1, 2019. Elin was employed at Eltel in June 2018 as Head of Group Communications.

December 2018

Eltel signs a two-year agreement with TDC in Denmark worth about EUR 20 million

Eltel’s Communication business in Denmark has as a part of a consortium extended a current agreement to establish TDC’s fiber systems and maintain their fiber network in Denmark. Eltel’s part of the c...

Changes in Eltel Group Management Team

Leif Göransson has been appointed Managing Director of Eltel Networks Infranet AB with responsibility for Eltel’s business in Sweden.

Eltel secures Stockholm Bypass infrastructure contract valued at EUR 38 million

Eltel's Swedish Communication unit is a business partner to Siemens Mobility AB that has been awarded a contract to install telecoms, control and monitoring systems for the new section of the E4 Stockholm...

November 2018

Eltel’s Communication business in Denmark signs three-year frame agreement worth EUR 29 million

Eltels Communication business in Denmark has signed a three-year FTTH frame agreement with Fibia, Denmark’s largest fiber company. The agreement is worth about EUR 29 million.

Eltel’s Power business in Finland signs two-year frame agreement worth EUR 13.6 million

Eltel’s Power business in Finland has signed a two-year frame agreement with Caruna, a Finnish energy company, to ensure a reliable power distribution. The agreement is worth about EUR 13.6 m...

Eltel Group: Interim report January–September 2018

July–September 2018 Net sales EUR 295.9 million (328.0). Total growth -9.8% and organic growth in Power and Communication* 1.4% Operative EBITA** EUR 0.5 million (3.1) and Operative EBITA margin 0.2% (...

October 2018

Invitation to Eltel’s third quarter 2018 interim report presentation

Eltel will publish its report for the third quarter 2018 on Wednesday 7 November 2018 at approximately 08.00 am CET. Eltel’s CEO Casimir Lindholm and CFO Petter Traaholt will host a presentation via au...

Eltel’s Nomination Committee composition for the AGM 2019

Pursuant to the instruction for Eltel AB´s Nomination Committee the company shall have a Nomination Committee comprising one representative for each of the four largest shareholders, registered with Euroclear ...

Eltel signs a high voltage power line agreement with the Polish power grid company PSE S.A. for a value of about EUR 18.5 million

Eltel’s Polish company Eltel Networks Energetyka S.A. has in a consortium signed an agreement with the Polish power grid company PSE S.A. to deliver a 400 kV overhead line. Eltel’s part of the contract is ...

Changes in Eltel Group Management Team

Peter Uddfors, Group Management Team member and Managing Director Eltel Sweden, has decided to resign and is leaving his position after a short transition period. Casimir Lindholm, President and CEO of...

September 2018

Resolutions by Eltel AB (publ)’s Extraordinary General Meeting 2018

On Monday 17 September 2018 Eltel AB (publ) held an Extraordinary General Meeting (EGM) at Eltel’s headquarters in Stockholm.

August 2018

Notice to Extraordinary General Meeting in Eltel AB

The shareholders of Eltel AB (publ) (Reg. No. 556728-6652) (“Eltel”) are hereby invited to an Extraordinary General Meeting to be held on Monday, 17 September 2018 at 14.00 CEST.

Eltel Group: Interim report January–June 2018

April–June 2018. Group net sales decreased 10.4% to EUR 295.5 million (329.8), mainly as a result of divestments and on-going discontinuation of non-core operations, in line with the transformation strategy. N...

Invitation to Eltel’s second quarter 2018 interim report presentation

Eltel will publish its report for the second quarter 2018 on Thursday 9 August 2018 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a presentation via audiocast in...

July 2018

Eltel divests rail operations in Norway

Eltel has today signed an agreement to divest its Norwegian rail operations to Æra AS, a wholly owned subsidiary of Jotunfjell Partners AS.

May 2018

Resolutions by Eltel’s 2018 Annual General Meeting

Today, Wednesday 9 May 2018, Eltel AB held its 2018 Annual General Meeting (AGM).

Eltel Group: Interim report January–March 2018

January–March 2018 Group net sales decreased 10.5% to EUR 266.6 million (297.8), mainly as a result of divestments and on-going discontinuation of non-core operations, in line with the transformation s...

Conclusion regarding previous CEO, Chairman and owners

  Due to the fact that former President Axel Hjärne, and former Chairman of the Board Gérard Mohr were denied discharge of liability by Eltel’s Annual General Meeting on 1 June 2017, the Board has...

April 2018

Invitation to Eltel’s first quarter 2018 interim report presentation

Eltel will publish its report for the first quarter 2018 on Friday 4 May 2018 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a presentation via audiocast in...

Casimir Lindholm appointed as Eltel’s new President and CEO

Eltel’s Board of Directors has appointed Casimir Lindholm as the new President & CEO of Eltel AB (Eltel) effective 1 September 2018. Casimir Lindholm was until recently President & CEO of Lemminkäinen Oy...

Eltel has published its Annual Report 2017

Eltel has today published its Annual Report 2017 on the Company’s website https://www.eltelgroup.com/en/section/investors/financial-reports/annual-reports/. The Report is available in Swedish and English. P...

Notice to the Annual General Meeting 2018 in Eltel AB

The shareholders of Eltel AB (publ) (Reg. No. 556728-6652) (“Eltel”) are hereby invited to the Annual General Meeting to be held on Wednesday, 9 May 2018 at 14.00 CEST.

March 2018

Eltel completes divestment of rail operations in Sweden

The divestment of Eltel’s Swedish rail operations to Strukton Rail AB, announced on 12 March 2018, has now been completed.

Eltel signs a letter of intent with STRABAG AG in Germany to boost broadband fibre rollouts

Eltel in Germany has signed a letter of intent (LOI) with STRABAG AG to boost broadband fibre rollouts. The LOI comprises design, planning and building networks in Germany. The focus will be on delivering...

Eltel signs a letter of intent to divest its rail operations in Sweden

Eltel has today signed a letter of intent to divest its Swedish rail operations, consisting of key customer contracts, employees and operational equipment, to Strukton Rail AB, a company providing solutions...

Eltel in Finland signs a EUR 30 million frame agreement for power distribution

Eltel has signed a three-year frame agreement with Caruna Oy in Finland at a value of approximately EUR 30 million. The agreement comprises building and modernisation of the power distribution network...

Eltel´s letter of intent to divest Power Transmission International has expired

The amendment to prolong the letter of intent to divest Eltel’s Power Transmission International (PTI) business operations to Encomm Sweden AB has expired.

February 2018

Eltel Group: Full-year report January–December 2017

October–December 2017. Group net sales decreased 3.3% to EUR 374.2 million (387.1), mainly as a result of divestments and on-going discontinuation of non-core operations and unprofitable contracts, in l...

Invitation to Eltel’s full year and fourth quarter 2017 interim report presentation

Eltel will publish its full year and interim report for the fourth quarter 2017 on Thursday 22 February 2017 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a ...

Eltel in Finland awarded renewal of telecom frame agreement worth EUR 30 million

Eltel's Communication business in Finland has been awarded a renewal of a frame agreement, for the next two years, at a total value of approximately EUR 30 million.

January 2018

Eltel completes divestment of rail operations in Finland

Eltel’s sale of its rail business operations in Finland to Winco Oy, a wholly owned subsidiary of Graniittirakennus Kallio Oy, announced on 15 November 2017, has now been completed.

Eltel completes sale of Danish rail operations

Eltel has today completed the sale of its rail operations in Denmark to Strukton Rail A/S.

Eltel’s Swedish Aviation and Security business will be merged into the new business unit Sweden

Eltel has decided to retain the Swedish Aviation and Security business (Aviation and Security), which previously was planned to be divested. The operations will instead be integrated with business unit...

Eltel implements country-based organization

Eltel has decided to change the governance structure of its Core business, Segment Power and Segment Communication, from the current business unit-centric organization to a country and market-driven organization....

Eltel increases Finnish domestic commercial paper program to EUR 150 million

Eltel AB has increased the Finnish domestic commercial paper program, signed in September 2015, to EUR 150 million. The program facilitates issuance of commercial papers with tenors less than one year...

December 2017

Eltel signs a letter of intent to divest its rail business operations in Denmark

Eltel has today signed a letter of intent to divest its Danish rail operations to Strukton Rail A/S, a company providing solutions in the field of rail infrastructure, railway vehicles and mobility systems....

Eltel in Denmark awarded contracts to support City of Copenhagen in reducing energy consumption

Eltel’s Power business in Denmark has been awarded a fixed price assignment and a framework agreement with the City of Copenhagen to replace existing lights with energy efficient LED lighting. The total v...

Eltel wins a two-year nationwide service contract with Telia in Finland

Eltel’s business unit Communication has won a two-year service contract with Telia Finland Oyj at an expected value of approximately EUR 30 million per year. The contract comprises field services in c...

Eltel signs an amendment to the letter of intent to divest Power Transmission International

Eltel has signed an amendment to the letter of intent to divest its Power Transmission International (PTI) business operations to Encomm Sweden AB.

Change in Eltel’s Group Management Team

Karin Lagerstedt Woolford has been appointed new Head of Human Resources and a member of the Eltel Group Management Team as of January 29, 2018.

November 2017

Eltel’s Nomination Committee proposes Joakim Olsson as new Board member

The Nomination Committee of Eltel has resolved to propose Joakim Olsson as new member of the Board of Directors effective, at the latest, as of the company’s next Annual General Meeting (AGM). Given t...

Eltel to sell its rail business operations in Finland

Today, Eltel has signed an agreement to sell its Finnish rail business operations to Graniittirakennus Kallio Oy, a leading infrastructure constructor operating in Finland, Sweden and Estonia. Eltel’s r...

Eltel Group: Interim report January – September 2017

July – September 2017 Group net sales decreased to EUR 328.0 million (356.2), mainly as a result of the discontinuation of non-core operations and unprofitable contracts Net sales in the Core business, i...

October 2017

Invitation to Eltel’s third quarter 2017 interim report presentation

Eltel will publish its interim report for the third quarter 2017 on Thursday 2 November 2017 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a presentation vi...

Eltel’s Nomination Committee composition for the AGM 2018

Pursuant to the instruction for Eltel AB´s Nomination Committee the company shall have a Nomination Committee comprising one representative for each of the four largest shareholders, registered with Euroclear ...

Eltel completes the divestment of its business operations in Estonia

Eltel’s sale of its business operations in Estonia to Estonian Tecnolines OÜ, announced on 30 August 2017, has now been approved by the Estonian Competition Authorities and the transaction has consequently be...

Eltel’s Power business wins new gas adjustment contracts with utilities in Germany

Eltel has won three new contracts with gas utilities in Germany for the time period 2017–2022. The contracts with Avacon GmbH and BS Netz GmbH comprise gas installation adjustments to change the natural g...

September 2017

Eltel signs a letter of intent to divest Power Transmission International

Today, Eltel has signed a letter of intent to divest its Power Transmission International (PTI) business operations to Encomm Sweden AB, a newly established Swedish company ultimately owned by EnComm Ltd,...

Eltel adjusts terms of its long-term incentive programmes

Eltel’s Board of Directors has decided to adjust the calculation of the so-called Matching Shares in the company’s long-term incentive programmes (LTIP), initiated in 2015 and 2016, in order to compensate for...

August 2017

Eltel to divest its business operations in Estonia

Today, Eltel has signed an agreement to sell its business operations in Estonia to Estonian Tecnolines OÜ, a company which operates in the Estonian networks design, construction and maintenance sector. ...

Eltel Group: Interim Report January–June 2017

January–June 2017 Group net sales amounted to EUR 627.6 million (656.6), down 3.8% in local currencies Group operative EBITA amounted to EUR -30.7 million (8.9)* EBIT amounted to EUR -183.0 million (1.7) i...

Change in Eltel’s Group Management Team

Thomas Rebermark has been appointed head of Marketing and Communications and member of the Group Management Team as of 1 November 2017. He is joining from Rejlers AB where he has the position as Group...

Invitation to Eltel’s second quarter 2017 interim report presentation

Eltel will publish its interim report for the second quarter 2017 on Thursday 17 August 2017 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Petter Traaholt will host a presentation vi...

July 2017

Number of shares and votes in Eltel AB

As previously announced, the number of shares and votes in Eltel AB (publ) has increased through the company’s recently executed rights issue.

Eltel sells its business operations in Latvia

Today, Eltel has sold its business operations in Latvia in a management buy-out whereby Jurijs Kokorevics (District Manager at Eltel) acquires 100 percent of the shares in SIA Eltel Networks. Eltel’s L...

Eltel’s Power business signs a new multi-year building agreement with Ellevio in Sweden

Eltel has signed a new power distribution building agreement with Ellevio AB to build new local underground electric networks in Sweden. The scope is turnkey from design to commissioning and the entire...

June 2017

Changes in Eltel’s Group Management Team

Petter Traaholt has been appointed new Chief Financial Officer (CFO) of Eltel and joins the Group Management Team. He replaces the interim CFO Lars Nilsson as of 1 July 2017. Moreover, Mikael Johansson,...

Eltel’s rights issue fully subscribed

The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...

Eltel divests part of its Communication business in Poland

In February 2017, Eltel decided on a new strategy to focus its business on the company’s stable and profitable core businesses in Power and Communication in the Nordic region and Poland and selectively c...

Eltel publishes prospectus

The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...

Eltel’s Board of Directors decides on revised financial targets and appoints members of the Audit and Remuneration Committee

At its inaugural meeting on 1 June 2017, Eltel's Board of Directors decided on revised financial targets for Eltel.

Resolutions by Eltel’s 2017 Annual General Meeting

Today Thursday 1 June 2017 Eltel AB held its 2017 Annual General Meeting (AGM).

May 2017

The terms for Eltel’s rights issue are set

The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...

Eltel’s Nomination Committee proposes Markku Moilanen as a new board member and revises its proposals for the AGM 2017 concerning the Board

The Nomination Committee of Eltel AB has unanimously resolved to propose Markku Moilanen as new member of Eltel’s Board of Directors. On 2 May 2017, the Nomination Committee announced its proposals for E...

Eltel’s power distribution customers in Finland use their options to extend current agreements till early 2019

Finnish power distribution utilities and street lighting owners utilise their options to extend current frame agreements with Eltel. Caruna Oy and Caruna Espoo Oy use their 14-month options to continue...

Notice to the Annual General Meeting 2017 in Eltel AB

The shareholders of Eltel AB (publ) (company register number 556728-6652) (“Eltel”) are hereby invited to the Annual General Meeting to be held on Thursday 1 June 2017 at 14.00 CET.

Eltel Group: Interim Report January–March 2017

January–March 2017 Group net sales* amounted to EUR 297.8 million (287.5), up 3.5% in local currencies, organic net sales increased by 2.5%** Net sales in the Power segment amounted to EUR 103.8 million (...

Eltel’s Board of Directors has decided to file a report to the police regarding former CEO Axel Hjärne

On 21 February 2017, Eltel’s Board decided to appoint a special investigator, attorney-at-law Axel Calissendorff at Calissendorff Swarting Advokatbyrå, to investigate liability regarding negative outcome in...

Change in Eltel’s Group Management Team – CFO Gert Sköld leaves Eltel

Eltel announces that CFO Gert Sköld has decided to step down from his position effective as of today. A recruitment process for a new CFO has been initiated. Lars Nilsson, who has acted as interim CFO ...

Eltel discontinues the unprofitable power transmission business outside of Europe

Eltel's Board of Directors today decided to discontinue the unprofitable business of power transmission projects outside of Europe. Operations are conducted within a separate entity in Eltel, called Power...

Eltel announces rights issue

The information in this press release is not intended for distribution, publication or public release, directly or indirectly, in or into, Australia, Canada, Japan, the United States or any other jurisdiction...

April 2017

New date for publishing of Eltel’s first quarter 2017 interim report

Eltel will publish its first quarter 2017 interim report on Tuesday 2 May 2017 after the stock market closure, instead of on 5 May 2017.

Eltel plans to merge parts of its aviation and security business with the Communication business and divest remaining entities

In January 2017, Eltel announced the merger of its fixed and mobile communication businesses into one business unit, Communication. During the ongoing integration process, it has become evident that there...

March 2017

Eltel to postpone its Annual General Meeting until 1 June 2017

Eltel’s Board of Directors has decided to postpone its 2017 Annual General Meeting. Instead of the planned date 28 April 2017, the Meeting will be held on 1 June 2017.

Eltel’s Nomination Committee proposes Ulf Mattsson as the new Chairman of the Board of Directors to Eltel’s Annual General Meeting 2017

The Nomination Committee of Eltel proposes to elect Ulf Mattsson as a new board member and the new Chairman of the Board of Directors to the Annual General Meeting 2017. The current chairman Ulf Lundahl...

Eltel’s communication business wins new frame agreements for fibre deployment in Germany

Eltel has won several important contracts to deploy fibre networks for a leading German tele operator. The agreements cover a period from 2017 to 2018 and will strengthen Eltel’s market position in the G...

February 2017

Eltel Group: Full-year report January–December 2016

Net sales amounted to EUR 1,399.8 million (1,254.9), up 13.5% in local currencies, organic net sales increased by 1.8%* Operative EBITA amounted to EUR 2.1 million (62.2) or 0.1% of net sales (5.0). Write-downs...

Eltel’s Q4 and FY 2016 operative EBITA significantly below previous guidance – Q4 report to be published one day earlier

On 26 January 2017, Eltel estimated that Group’s full-year 2016 operative EBITA would be in the range EUR 17-22 million and EUR 0-6 million in the fourth quarter 2016. Based on conclusions in the conducted i...

Invitation to Eltel’s full year and fourth quarter 2016 interim report presentation

Eltel will publish its full year and interim report for the fourth quarter 2016 on Wednesday 22 February 2017 at approximately 08.00 am CET. Eltel’s CEO Håkan Kirstein and interim CFO Lars Nilsson will ho...

Eltel fixed communication business makes progress in fibre deployment in Norway

Eltel is addressing the growing need for optical fibre deployment in Europe. The company offers a unified process for fibre roll-outs based on 10 years of experience with leading teleoperators in Northern...

Eltel makes structural and managerial changes in the Power and Communication segments

With the aim to improve efficiency and profitability, Eltel has decided on certain changes within the company’s two main segments; Power and Communication. In the power transmission business, a unit h...

Eltel’s Nomination Committee for the AGM 2017 to be expanded by Solero Luxco S.á.r.l. as a fifth member

Eltel’s previously announced Nomination Committee for the Annual General Meeting 2017 (AGM 2017) will be expanded by Solero Luxco S.á.r.l. as a fifth member. Following the recent flagging by Solero Lu...

Eltel’s smart metering roll-out in progress in Norway – roll-out starting up in Denmark

Eltel’s smart metering roll-out in Norway has passed an important milestone and the company is now making over 1,000 installations per day. Eltel and Hafslund Nett signed a smart metering roll-out contract f...

Eltel postpones the publishing of the Group’s fourth quarter and full-year 2016 interim report

Eltel has decided to postpone the publishing of the Group’s fourth quarter and full-year 2016 interim report. The former publishing date Friday 10 February 2016 has been changed to Wednesday 22 February 2...

January 2017

Eltel’s fourth quarter and full-year 2016 operative EBITA below previous guidance

In connection with Eltel’s third quarter 2016 reporting, the company estimated that the Group’s operative EBITA would be in the range of EUR 27-32 million for the full-year 2016 and EUR 10-15 million for...

Changes in Eltel’s Nomination Committee composition for the AGM 2017

Following the recent change in the ownership of Eltel AB, the composition of Eltel’s Nomination Committee has changed. As of 20 January 2017, the four largest shareholders of Eltel are: Zeres Capital, t...

Change in Eltel’s Group Management Team – Dariush Rezai to leave Eltel

Dariush Rezai, President of Eltel’s business unit Mobile Communication will leave Eltel to take on the position as President of Sweco Denmark in spring 2017. He will continue in his position at Eltel u...

December 2016

Eltel’s power distribution business and Finnish Caruna have signed a new frame agreement for cabling projects in Finland

Eltel and Finnish power distribution system operator Caruna Oy have signed a three-year frame agreement to improve the medium voltage power distribution network in central and southwestern regions of Finland....

Eltel signs agreement with its banks on temporary reset of financial covenant levels

Eltel has signed an amendment agreement of its existing financing agreement with its banks on temporary resetting of the leverage covenant covering the time period from the fourth quarter 2016 until the...

Eltel decides on immediate operational actions in its project business

Eltel’s previously communicated ongoing operational review of its project business, following performance deviations during 2016, has now resulted in several decided immediate actions. These actions, t...

November 2016

Eltel appoints Lars Nilsson as interim CFO

Eltel AB’s CFO Gert Sköld is due to excessive workload in recent months on temporary leave of absence to recover. Eltel has hired Mr Lars Nilsson (60) as the interim CFO during Mr Sköld’s leave of absen...

Eltel builds a wireless system for energy consumption control in Denmark

Eltel has signed a contract with the utility Frederiksberg Forsyning A/S in Copenhagen to build a wireless network for remote control of energy consumption meters for gas, electricity and heating. As part...

Eltel Group: Interim Report January–September 2016

Net sales amounted to EUR 1,012.7 million (857.6), up 20.6% in local currencies, organic net sales increased by 3.5%*. Operative EBITA amounted to EUR 16.7 million (41.7) or 1.6% of net sales (4.9)

Ulf Lundahl to take over as chairman of Eltel AB’s Board of Directors

Eltel’s chairman of the Board of Directors, Mr Gerard Mohr, has decided to step down from his position and leave the Board of Directors with immediate effect. The Board of Directors has elected Mr Ulf L...

Eltel’s fixed communication business has agreed on the extension of its contract with Trafikverket in Sweden

Eltel’s fixed communication business has signed a one-year extension of its current agreement with Trafikverket (Swedish Transport Administration). The value of the contract extension is approximately E...

Eltel’s power distribution business wins a new wind power contract in Finland

Eltel’s power distribution business has won a new contract with Suomen Hyötytuuli Oy to act as the prime contractor to build the infrastructure for a ten turbine wind power park in Raahe in Northern Fi...

Eltel wins Huawei’s European Health & Safety Award 2016

Eltel has won Huawei’s European Health & Safety Award 2016. The announcement was made at Huawei’s Europe Partner Convention 2016 in Dusseldorf in October 2016. Huawei is one of the world’s leading provi...

October 2016

Invitation to Eltel’s third quarter 2016 interim report presentation

Eltel will publish its interim report for the third quarter 2016 on Wednesday 9 November 2016 at approximately 8.00 am CET. Eltel’s CEO Håkan Kirstein and CFO Gert Sköld will host a presentation via aud...

Correction: Eltel’s Nomination Committee composition for the AGM 2017

Correction: Marianne Flink is the representative of Swedbank Robur Fonder AB.

Eltel’s Nomination Committee composition for the AGM 2017

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 2016.

Eltel’s third quarter and full-year 2016 result significantly impacted by previously communicated challenges in certain projects

During 2016, Eltel has successively communicated increased market related as well as operational challenges especially in certain projects within power transmission and rail and road. These challenges...

Eltel AB – share purchase for long term incentive programme 2016 completed

After the successful subscription of Eltel's long term incentive programme 2016 (LTIP 2016), approved by the Extraordinary General Meeting in June and initiated in the second quarter 2016, the shares...

September 2016

Eltel’s power distribution business wins a three-year contract in Finland at a value of approximately EUR 18 million

Eltel has signed a three-year contract with Elenia Oy to build and maintain their distribution network in Finland. The value of the contract is estimated to be approximately EUR 18 million and the contract...

Change to Eltel’s Group Management Team – Henrik Sundell appointed as General Counsel

Henrik Sundell has been appointed as General Counsel and a member of the Group Management Team at Eltel as of 1 October 2016. Henrik Sundell will report to Eltel’s President and CEO Håkan Kirstein. Pr...

High participation rate in Eltel’s long-term incentive programme 2016

The subscription period for Eltel’s long-term incentive programme 2016 (LTIP 2016), approved by the Group’s Extraordinary General Meeting held on 20 June 2016, took place in August 2016 and the interest in ...

August 2016

Eltel technicians restoring power in Finland after “Rauli” storm

The “Rauli” storm moved through Finland during the weekend and it was one of the most massive summer storms in many years. The strong storm wind caused massive power outages and almost 200,000 households wen...

Håkan Kirstein appointed as Eltel’s new CEO

Eltel’s Board of Directors has appointed Håkan Kirstein as Eltel’s new President and Chief Executive Officer. He will commence in his new position on 19 September 2016.

Eltel’s power transmission business wins five new contracts in Finland at a total value of approximately EUR 18 million

Eltel has recently signed five new substation and overhead line contracts in Finland with Fingrid, Caruna and Elenia, respectively. The total value of the contracts amounts to approximately EUR 18 million....

Eltel Group: Interim Report January–June 2016

January–June 2016. Net sales amounted to EUR 656.6 million (546.8), up 23.0% in local currencies, organic net sales increased by 3.2%*. Operative EBITA amounted to EUR 8.9 million (19.2) or 1.4% of net s...

Eltel’s second quarter 2016 results to be impacted by a EUR 10 million provision in one rail project in Norway

During delivery inspections of a rail project in Norway unsatisfactory technical quality in work execution have been identified and a significant amount of additional work to finalise the project is consequently...

Eltel wins a power transmission contract in the UK at a value of almost EUR 45 million

Eltel’s 50/50 joint venture Carillion-Eltel in the UK has signed a power transmission contract for the design, procurement and construction of a new overhead line for National Grid in the UK. The total v...

Invitation to Eltel’s second quarter 2016 interim report presentation

Eltel will publish its interim report for the second quarter 2016 on Friday 19 August 2016 at approximately 8.00 am CET. Eltel’s CEO Axel Hjärne and CFO Gert Sköld will host a presentation via audiocast in ...

Eltel’s power transmission business wins a contract with Statnett in Norway at a value of approximately EUR 50 million

Eltel has won a new contract for building of a 420 kV transmission line for Statnett in Finnmark in Norway. This is the second major contract for Eltel in Norway this year and it further confirms Eltel’s am...

July 2016

Eltel’s mobile communication business strengthens its position in the German market in a new frame agreement with Huawei

Since almost ten years Eltel has been a trusted partner for Huawei in several of its European markets. Eltel has now signed a new three-year frame agreement with Huawei to implement LTE and modernisation...

June 2016

Eltel’s transport and security business signs a EUR 16 million maintenance agreement with Banedanmark in Denmark

Eltel has signed an agreement with Banedanmark regarding operation, support and maintenance of network installations and technical IT systems. The contract period starts in October 2016 and runs for a...

Resolutions by Eltel’s Extraordinary General Meeting 2016

On Monday 20 June 2016 Eltel AB held an Extraordinary General Meeting (EGM) at Eltel’s headquarters in Stockholm.

CEO Axel Hjärne to leave Eltel

The CEO of Eltel, Axel Hjärne, has decided to leave his position. Axel Hjärne has been with Eltel for twelve years, and he has been CEO for the last seven years. Over these years Eltel has grown significantly f...

May 2016

Notice to Eltel AB’s Extraordinary General Meeting

The shareholders of Eltel AB (publ) (company register number 556728-6652) are hereby invited to an Extraordinary General Meeting to be held on Monday 20 June 2016 at 13.00 CET.

Eltel Group: Interim Report January–March 2016

January–March 2016. Net sales amounted to EUR 287.5 million (239.0), up 23.2%* in local currencies, organic net sales decreased by 0.4%*. Operative EBITA amounted to EUR 3.2 million (5.3) or 1.1% of n...

Invitation to Eltel’s first quarter 2016 interim report presentation

Eltel will publish its interim report for the first quarter 2016 on Wednesday 11 May 2016 at approximately 8.00 am CET. Eltel’s CEO Axel Hjärne and CFO Gert Sköld will host a presentation in English sta...

Resolutions by Eltel’s 2016 Annual General Meeting

On Monday 2 may 2016 Eltel AB held its 2016 Annual General Meeting (AGM) at Eltel’s headquarters in Stockholm.

Eltel closes acquisitions with U-SERV and EVB in the German platform for smart metering business

Eltel has completed the previously announced acquisitions of U-SERV GmbH and the metering related field operations of EVB Billing und Services GmbH. By the acquisition of U-SERV Eltel becomes the 100%...

Finnish Competition and Consumer Authority appeals against the decision of the Market Court

On 30 March 2016, the Market Court in Finland dismissed as time barred the allegations by the Finnish Competition and Consumer Authority (FCCA) that Eltel would have violated competition law. The allegations...

April 2016

Eltel acquires a platform for expansion of smart metering in Germany

Eltel’s power distribution business acquires the metering service company U-SERV Eltel has today signed a contract to acquire U-SERV GmbH, a company operating in the electricity and gas metering sector i...

Eltel signs a renewal of a fibre build and maintenance agreement with TDC Group in Denmark for three years at a value of approximately EUR 50 million

Eltel, as a partner in a joint venture with two other companies, has signed a new three-year agreement to build and maintain the fibre network of TDC Group in Denmark. The estimated value of Eltel’s s...

Nomination Committee of Eltel AB proposes Gunilla Fransson as new board member and revises its proposals for AGM 2016 concerning members of the Board

The Nomination Committee of Eltel AB has unanimously resolved to propose Gunilla Fransson as new board member of Eltel AB. On 29 March 2016, the Nomination Committee announced its proposals for the Annual...

Eltel has published the Annual Report 2015 and the Corporate Governance Report 2015

Eltel has today published its Annual Report 2015 on the company’s website https://www.eltelgroup.com/en/eltel-annual-report-2015/. The Report is available in Swedish and English. The printed copies o...

Eltel AB issues new class C shares at quota value

The Board of Directors of Eltel AB (publ.) has decided to issue 537,000 class C shares and exercise its repurchase authorisation to secure Eltel’s obligations under its Long Term Incentive Programme 2...

Eltel’s rail and road business buys Celer Oy – a signalling services company in Finland

Eltel is expanding its railway signalling services business further and acquires Celer Oy, a Finnish signalling services company. Celer is a well recognised player in the Finnish railway market with an...

March 2016

Market Court in Finland dismisses allegations of Eltel’s competition law violation as time barred

The Market Court in Finland has on 30 March 2016 dismissed as time barred the allegations of Eltel's competition law violations in its power transmission line construction business in Finland. The Finnish...

Correction: Notice to the Annual General Meeting 2016 in Eltel AB

Correction: Håkan Kirstein is currently a member of the Board of Directors of Axis AB. Håkan Kirstein has previously been acting CEO of Imtech Nordic AB, CEO of StatoilHydro Sverige AB and Niscayah Group A...

Notice to the Annual General Meeting 2016 in Eltel AB

The shareholders of Eltel AB (publ) (company register number 556728-6652) are hereby invited to the Annual General Meeting to be held on Monday 2 May 2016 at 10.00 CET. 

Eltel’s power transmission business wins its first substation contract with Statnett in Norway

Eltel has won a substation contract for a turnkey delivery of a new 420 kV substation for Statnett in Norway. The contract is another important step in strengthening Eltel’s position in the 420 kV Nordic s...

Change in the composition of Eltel’s Nomination Committee

Following the recent change in the ownership of Eltel AB, the composition of Eltel's Nomination Committee has changed. As of 25 February 2016, the four largest shareholders of Eltel are: Zeres Capital,...

February 2016

Eltel’s Sustainability Review 2015 published

Eltel has today published its Sustainability Review 2015.

Eltel Group: Full-year report January–December 2015

January - December 2015. Net sales EUR 1,254.9 million (1,242.1), at comparable exchange rates up 2.9%*; organic net sales increased 4.5%*. Operative EBITA EUR 62.2 million (61.3) or 5.0% of net sales...

Eltel wins two major power transmission contracts in Poland at a value of approximately EUR 25 million

Eltel has signed two power transmission contracts for reconstruction of high voltage substations with the Polish transmission grid operator, PSE S.A.. The projects are in the Jasiniec and Joachimow regions...

Invitation to Eltel’s full year and fourth quarter 2015 interim report presentation

Eltel will publish its full year report and interim report for the fourth quarter 2015 on Friday 19 February 2016 at approximately 08.00 am CET. Eltel’s CEO Axel Hjärne and CFO Gert Sköld will host a p...

January 2016

Eltel’s fixed communication business signs a new EUR 15 million three-year frame agreement with DNA in Finland

Eltel has signed a new three year frame agreement with DNA, a Finnish telecommunications operator. The new agreement will increase Eltel’s market share in the fixed communication business in Finland. T...

Eltel’s power transmission business wins a EUR 13 million substation contract with E.ON in Sweden

Eltel has won a contract for a full rebuild of the two substations Söderåsen and Mörarp of E.ON Elnät Sverige AB. The value of this contract is approximately EUR 13 million. This contract is an important fur...

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

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION...

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

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION...

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

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION...

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

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION...

December 2014

Eltel Power Transmission wins a 380 kV substation contract in Germany

Eltel makes a successful entry in Germany with an order from the transmission system operator 50Hertz Transmission GmbH to install a 380 kV substation. The scope of supply comprises the design, part of...

Eltel signed a transmission line contract with Fingrid

Eltel and Fingrid have signed an agreement for the construction of Kalajoki−Siikajoki 110 kV + 400 kV power line in western Finland.

Eltel Networks signs a EUR 43,6 million contract in Power in Poland

Eltel Networks Olsztyn, Polish subsidiary of Eltel Group Corporation, has signed a power transmission contract with the operator PSE SA in Poland. The project is a modernisation and development of 400/220...

November 2014

Eltel continues to strengthen its platform in Rail and Road business

While winning and executing new projects in Rail Eltel has continued to strengthen its human resources of the business unit. Recently Eltel agreed to take over the personnel of KT Electrotech AS in Denmark....

Eltel Networks led consortium signs a EUR 75 million contract in Poland

Eltel Networks Olsztyn, Polish subsidiary of Eltel Group Corporation, has signed together with its two consortium partners, a power transmission contract with PSE Operator in Poland. The total value of...

October 2014

The Finnish Competition and Consumer Authority takes Eltel to Market Court

The Finnish Competition and Consumer Authority (the “FCCA”) claims that Eltel has violated competition rules in the power transmission line building business in Finland and has today made a proposal of ...

Eltel’s new JV in Norway signs a five year agreement with Telenor

Eltel Sønnico AS – the new 50/50 joint venture company formed by Eltel’s telecom branch in Norway and Sønnico Tele AS – has signed a five year contract with Telenor Norge AS and Canal Digital...

September 2014

Eltel appoints Country Manager UK

Eltel Group has appointed David Green as the new Managing Director Eltel Networks UK Limited. The appointment is aimed at strengthening Eltel’s market presence in the British Infranet services m...

Eltel and Caruna have signed a major contract on power distribution works

Eltel and Caruna have signed a frame agreement on improving the operational reliability of power distribution network in the southwestern parts of Finland. The improvements on the medium...

July 2014

Eltel appoints new Group CFO

Eltel Group Corporation has appointed Gert Sköld as the new Chief Financial Officer. Gert Sköld has made an extensive career in finance management of well known global companies. ...

May 2014

Eltel shows strong improvement of performance in 2013

· Group sales stable while focus on margins · Important orders booked both in Europe and Africa · All business sectors show performance improvements · EBITA grows by 13.7% in ...

Per Krogager appointed as new Vice President, HR at Eltel Group

Per Krogager from Denmark has been appointed as new Vice President of HR at Eltel Group. Krogager has made a career in a number of international companies in developing their organizations...

April 2014

Swedish Transport Administration renews faith in Eltel

Eltel has won a procurement contract involving operation/maintenance and contracts at Swedish Transport Administration sites throughout Sweden, in addition to Oslo and Copenhagen. ...

Stefan Lindskog new head of Eltel’s Power Distribution unit in Sweden

Stefan Lindskog has been appointed head of Eltel’s Power Distribution unit in Sweden.

March 2014

Eltel establishes a Nordic organization in Power Transmission

Eltel’s Power Transmission business joins resources between Finland, Sweden and Norway to create more synergies in the Nordic market. Mats Björkman is the new head of Power Transmission No...

Jonas Vestin appointed head of IT/IS Transformation of Eltel Group

Jonas Vestin has been appointed new head of IT/IS at Eltel Group. He has joined Eltel in April 2011 to lead the Smart Metering business unit. Prior to Eltel Vestin has an extensive experience...

February 2014

Eltel and Umoe, owner of Sønnico Tele agreed to merge telecom businesses in Norway

Eltel and Umoe, owner of Sønnico Tele AS, have signed an agreement to merge their telecom businesses in Norway. The merger will create a leading service provider with 1.200 employees and ...

Eltel announces appointments in its business units and Denmark

Eltel appoints new heads in Business Units Mobile Telecom and Homeland Security and Aviation. Dariush Rezai and Thorbjörn Sagner are appointed to new positions and members of the Group management ...

January 2014

Eltel continues to improve its performance in 2013

The preliminary results show that all the main business sectors of Eltel continued to perform as planned in 2013.

Lars Täuber new head of Eltel Fixed Telecom business in Sweden

Lars Täuber has been appointed as the new Director of the Fixed Telecom business at Eltel in Sweden. The appointment complements Eltel’s top management resources and experience in managing successful se...

Eltel wins its biggest contract to date

Eltel wins its biggest contract ever to build electricity networks in Zambia. The contract is valued at 110 million euros  and will take two years to complete from the beginning of 2014. The project consists ...

November 2013

Eltel’s strong performance continues in the third quarter of 2013

Eltel’s strong performance continued also in the third quarter of 2013. Net sales of EUR 300.9 million outperformed the same period in 2012 by 2.1% (294.7). January – September sales were onl...

August 2013

Eltel continues to improve performance in the first half of 2013

· Stabilised Group sales after strong growth in 2012, EUR 505.7 million (524.9) · Growing order backlog reaching EUR 700 million · Share of power sector growing with record order ba...

July 2013

Eltel hires Head of Power Transmission and Distribution in Germany

Dr. Uwe Kaltenborn has been appointed Director of Eltel’s Power Transmission and Power Distribution (T&D) businesses in Germany. Kaltenborn has made a remarkable career in the industry a...

June 2013

Power Transmission signs a contract with Svenska Kraftnät

Eltel Networks TE AB in Sweden has won in international competition a part of construction in Svenska Kraftnät’s SouthWest link project. Value of contract is EUR 19 million. ...

Eltel’s Power Transmission is back to Norway with a EUR 37 million contract

Eltel’s Power Transmission has won a new contract with the Norwegian grid operator Statnett SF. The contract is about a new 46 km 420 kV line in the Southeastern part of Norway. Contract v...

May 2013

Ministers Muhongo and Stubb celebrate Eltel project in Tanzania

Official groundbreaking of Eltel’s electricity project took place in Dar-Es-Salaam on May 24. “Power is economy” was a statement by Mr. Muhongo, Minister for Energy and Minerals. “Development aid is ...

April 2013

Eltel’s EBITA grows by 7.4% in 2012

· Group sales reach EUR 1.149 million  · New markets in power grids of UK, wind power and railway sector · Operational efficiency boosted by specialisation and best practice · ...