Eltel

Business and Financial Review • Dec 16, 2020

Press release 16 December 2020 at 08.00 CET

Eltel signs a three-year frame agreement with Telia in Finland worth about EUR 110 million

Eltel's Communication business in Finland has signed a three-year continuation of a current frame agreement with Telia regarding fixed and mobile telecom services. The agreement is worth about EUR 110 million.

The agreement includes a wide range of telecom services, including 5G rollout, and is a continuation of an existing frame agreement with Telia.

The agreement starts during the first half of 2021 and is valid for a period of three years.

For further information, please contact:

Juha Luusua, Managing Director, Eltel Finland Tel. +358 40 311 3005, juha.luusua@eltelnetworks.com

Elin Otter, Director, Communications and Investor Relations Tel. +46 72 59 54 692, elin.otter@eltelnetworks.se

About Eltel

Eltel is a leading Nordic field service provider for power and communication networks. We deliver a comprehensive range of solutions – from maintenance and upgrade services to project delivery. This includes design, planning, building, installing and securing the operation of power and communication networks for a more sustainable and connected world today and for future generations. In 2019, Eltel had annual sales of EUR 1.1 billion. The total number of employees currently stands at around 6,000. Eltel AB is listed on Nasdaq Stockholm.