Eltel and Telia extends existing agreement to a value of SEK 200 million, about EUR 18 million

The agreement covers a range of services, including planning and project management for the development of the network of the future, as well as the dismantling of outdated telecommunications poles and copper lines.

The current agreement expires in December 2023, after which the option period of two years, until December 2025, begins.

For further information:

Leif Göransson, Managing Director, Eltel Sweden

Phone: +46 70 24 68 974, leif.goransson@eltelnetworks.se

Elin Otter, Director, Communications and Investor Relations

Phone: +46 72 595 4692, elin.otter@eltelnetworks.com

About Eltel

Eltel is a leading service provider for critical infrastructure that enables renewable energy and high-performing communication networks. Eltel designs, plans, builds and secures the operation of networks for a more sustainable and connected world today and for future generations. In total, we have about 5,000 employees and in 2021 the annual sales was EUR 812.6 million. The head office is located in Sweden and Eltel's shares have been listed on Nasdaq Stockholm since 2015. Read more at www.eltelnetworks.com.