Eltel and the Swedish Transport Administration extends existing frame agreement by two years to a value of about EUR 46 million

The agreement includes securing the operation and maintenance of telecommunications as well as preparing for the expansion and upgrading of technology. The agreement covers shifting technologies; such as copper, fibre, transmission and radio.

Eltel and the Swedish Transport Administration's basic agreement runs until 1 December 2023, and thereafter this two-year option period runs until 1 December 2025.

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.