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Atea ASA (ATEA.OL)

ATEA.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Atea Sweden concludes four framework agreements with Kammarkollegiet
Friday, 10 Mar 2017 09:12am EST 

Atea ASA : Atea Sweden has concluded four framework agreements with Kammarkollegiet . Atea and five other suppliers were awarded these frame agreements . Frame agreements run for 2 years, with an option for renewal of additional 2 years .Customers may order from frame agreements from March 10, 2017.  Full Article

Atea ASA: Charges withdrawn against Managing Director in Atea Denmark
Monday, 6 Mar 2017 01:30am EST 

Atea ASA : Said on Sunday public prosecutor in Denmark had withdrawn charge against Morten Felding, Managing Director of Atea A/S in Denmark .Morten Felding had been charged in corruption case in Denmark.  Full Article

Atea: corruption case involving former employees' actions
Friday, 3 Mar 2017 03:21am EST 

Atea ASA : Said on Thursday, Atea A/S (Atea Denmark) had, as legal entity, been prosecuted in corruption case involving former employees'actions . On March 2, Atea Denmark was presented with formal prosecution as the legally responsible entity, of bribery and embezzlement carried out by four former employees in company, in 2009-2014 . Prosecution against Atea Denmark was made simultaneously with the prosecution against the four persons involved . Said Atea is considering taking legal action against the former employees who have been prosecuted .CEO Steinar Sønsteby said: "Atea has, since June 2015, cooperated with the Danish prosecutors (SØIK) in the ongoing investigation, and Atea has also performed an internal investigation".  Full Article

Atea Q4 EBITDA ex. items at NOK 459 million, beats estimates
Wednesday, 8 Feb 2017 12:48am EST 

Atea ASA : Q4 revenue 9.1 billion Norwegian crowns ($1.09 billion) versus 8.8 billion crowns seen in Reuters poll . Q4 EBITDA ex. items 459 million crowns (Reuters poll 411 million crowns) . Q4 pre-tax profit 350 million crowns (Reuters poll 280 million crowns) . Proposes dividend of 6.50 crowns per share (Reuters poll: 6.52 crowns per share) . Expects continued growth in IT infrastructure market .  Full Article

Atea signs contract with annual value of up to NOK 50 million
Monday, 9 Jan 2017 01:32am EST 

Atea ASA : Atea Norway signs contract with Bodø and 11 other municipalities in Northern region of Norway . Contract runs for 4 years with an option for renewal of additional 2 years .Estimated annual value is of up to 50 million Norwegian crowns ($5.9 million).  Full Article

Atea Denmark unit signs contract with Agency for Modernisation Ministry of Finance
Friday, 6 Jan 2017 05:56am EST 

Atea ASA : Axcess A/S - subsidiary of Atea Denmark signs a framework agreement for sale of network components, related products and services through the public procurement program of the Agency for Modernisation Ministry of Finance . Agreement runs for 2 years with an option for renewal of additional 2 years with an estimated annual contract value of 125 million Danish crowns ($17.84 million) .Framework agreement is won together with two other vendors, but axcess is only vendor that can deliver full range of cisco products and services.  Full Article

Atea Denmark signs contract with JN Data A/S
Tuesday, 8 Nov 2016 02:59am EST 

Atea ASA : Atea Denmark signs contract with JN Data A/S . Contract runs for 5 years with option for renewal of additional 2 years .Estimated annual contract value of 100 million - 125 million Norwegian crowns ($12.16 million - $15.20 million).  Full Article

Atea Q2 EBITDA ex-items NOK 215 million, beats expectations
Thursday, 14 Jul 2016 01:00am EDT 

Atea ASA : Q2 EBITDA ex-items 215 million Norwegian crowns ($25.6 million)(Reuters poll 199 million crowns) . Q2 revenue 8.44 billion crowns (Reuters poll 7.60 billion crowns) . Says is well-positioned to maintain a long-term growth rate faster than the it infrastructure market. .Expects to continue to grow faster than the market and increase its operating margins during the second half of the year.  Full Article

Atea Norway wins agreement with Public Labour and Welfare Administration (NAV)
Tuesday, 12 Jul 2016 05:44am EDT 

Atea ASA : Atea Norway has won a framework agreement with The Norwegian Labour and Welfare Administration (NAV) .The agreement runs for 2 years with an option of renewal for an additional 2 years, and has an estimated annual value of 60 million Norwegian crowns ($7.11 million).  Full Article

Atea updates on police raid in Denmark
Tuesday, 21 Jun 2016 11:34pm EDT 

Atea ASA : Says is aware that Danish police has charged a number of public officials in Denmark, of which some are clients of Atea . Says has carried out its own internal investigation . Says internal investigation has revealed that some former leading employees in Atea provided benefits to clients in violation of Atea's internal guidelines . These former leading employees are charged in the Region Zealand case and no longer hold employment in Atea .Danish authorities to decide whether these internal violations constitute violation of Danish law.  Full Article

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BRIEF-Atea Sweden concludes four framework agreements with Kammarkollegiet

* Atea Sweden has concluded four framework agreements with Kammarkollegiet