Eltel

Board/Management Information • Dec 14, 2018

Press release 14 December 2018 at 16:00 CET

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.

Leif Göransson currently serves as Chief Operating Officer, COO, for Eltel Sweden with focus on operational activities. Prior to that, Leif was Director Group Projects and Operations.

– Leif's strong leadership with focus on operations and our customers has been highly valuable. These skills are particularly important for managing operations in Sweden going forward in accordance with Eltel's strategic focus on increased profitability, says Casimir Lindholm, President and CEO of Eltel.

Leif Göransson will assume his new position on January 1, 2019, and will remain a member of the Group Management Team. Leif succeeds Casimir Lindholm who since October has been acting MD for Eltel Sweden.

For further information:

Casimir Lindholm, President & CEO Eltel AB casimir.lindholm@eltelnetworks.se

Elin Otter, Head of Group Communications Tel: +46 72 595 4692, elin.otter@eltelnetworks.se

About Eltel

Eltel is a leading Northern European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Other, with operations throughout the Nordics, Poland and Germany. Eltel provides a broad, integrated range of services from maintenance and upgrade services to project deliveries. Eltel has a diverse contract portfolio and a growing customer base of large network owners. In 2017, Eltel had annual sales of EUR 1.3 billion. The total number of employees currently stands at around 7,500. Eltel AB has been listed on Nasdaq Stockholm since February 2015.