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

Regulatory News:

Banedanmark has chosen Eltel to operate, support and maintain its network installations and technical IT systems 24/7/365. The system consists of various communication technologies for transmission of data as well as a nationwide fiber and cable infrastructure and a number of other technical IT systems. The network facilitates IP communication within the entire Banedanmark network. Furthermore 24/7/365 monitoring from Eltel’s Network Operation Center (NOC) in Copenhagen is included in the contract. Eltel has been initial partner with Banedanmark since 2011.

Thorbjörn Sagner, President - Eltel Aviation & Security comments: We are very happy that Banedanmark again has chosen Eltel for operation and maintenance of their network installation and technical IT systems. This proves the trust that Banedanmark has in Eltel when it comes to our competitiveness, security of the solution and not the least flexibility and scalability of our services. We are looking forward to delivering smooth, efficient and reliable operations and support to Banedanmark to the benefit of all stakeholders.

Kim Remmer, General Manager – Banedanmark comments: We have worked with Eltel for five years and we trust Eltel to continue to support us in an efficient way also in this new contract. For us it is very important to have continuous availability of support to be able to manage all unexpected and critical situations. This cooperation supports Banedanmark’s vision to develop and provide safe, attractive and efficient railway services to all our customers.

About Eltel

Eltel is a leading European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Transport & Security, with operations throughout the Nordic and Baltic regions, Poland, Germany, the United Kingdom and Africa. Eltel provides a broad and integrated range of services, spanning from maintenance and upgrade services to project deliveries. Eltel has a diverse contract portfolio and a loyal and growing customer base of large network owners. The current number of employees is approximately 9 600. In 2015 Eltel’s net sales amounted to EUR 1 255 million. Since February 2015, Eltel AB is listed on Nasdaq Stockholm.

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