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Eltel Norway Strikes Long-term Contracting Services Deal with Telenor Norway

MT Newswires·09/08/2026 02:59:58
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02:59 AM EDT, 09/08/2026 (MT Newswires) -- Eltel (ELTEL.ST) unit Eltel Norway agreed to be the sole contractor for Telenor's (TEL.OL) network expansion, maintenance, upgrades, and customer deliveries in Norway, according to a Tuesday release. The initial five-year partnership agreement through 2031 is expected to generate revenue of over 475 million euros. The critical infrastructure services company may receive 1 billion euros if the contract runs for a total of 11 years after two three-year extension options.