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Eltel AB (ELTEL.ST)

ELTEL.ST on Stockholm Stock Exchange

28.00SEK
8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

HiQ International and Eltel Expand Their Cooperation To Poland
Tuesday, 28 Nov 2017 07:36am EST 

Nov 28 (Reuters) - Hiq International Ab ::ELTEL AND HIQ EXPAND THEIR COOPERATION TO POLAND.‍HIQ ESTABLISHES A NEW UNIT IN POLAND TO SUPPORT ELTEL'S INTERNATIONAL BUSINESS.​.‍HIQ TEAM SUPPORTS ELTEL'S BUSINESS-DRIVEN IT PROJECTS IN POLAND​.  Full Article

Eltel sells its rail business operations in Finland
Wednesday, 15 Nov 2017 01:30am EST 

Nov 15 (Reuters) - ELTEL AB ::ELTEL TO SELL ITS RAIL BUSINESS OPERATIONS IN FINLAND.‍TO SELL ITS FINNISH RAIL BUSINESS OPERATIONS TO GRANIITTIRAKENNUS KALLIO OY​.‍PURCHASE PRICE AMOUNTS TO EUR 8.5 MILLION​.‍TRANSACTION IS ESTIMATED TO POSITIVELY IMPACT GROUP EBITA BY APPROXIMATELY 4 MILLION EUR IN Q1 OF 2018​.  Full Article

Eltel Q3 EBITDA down at EUR 3.1 mln
Thursday, 2 Nov 2017 03:17am EDT 

Nov 2 (Reuters) - ELTEL AB :Q3 NET SALES EUR ‍328.0​ MILLION VERSUS EUR 356.2 MILLION YEAR AGO.Q3 EBITA EUR ‍3.1​ MILLION VERSUS EUR 7.8 MILLION YEAR AGO.  Full Article

Eltel wins three new contracts with power companies in Germany
Tuesday, 3 Oct 2017 02:08am EDT 

Oct 3 (Reuters) - ELTEL AB :HAS WON THREE NEW CONTRACTS WITH POWER COMPANIES IN GERMANY FOR PERIOD 2017-2022.TOTAL VALUE OF CONTRACTS IS ESTIMATED TO AMOUNT TO ABOUT EUR 10 MILLION.  Full Article

Eltel signs letter of intent to divest Power Transmission International
Monday, 25 Sep 2017 12:00pm EDT 

Sept 25 (Reuters) - Eltel AB :Eltel signs a letter of intent to divest Power Transmission International.Eltel AB says contemplated transaction agreement includes sale of all Eltel's shares in Eltel Networks Te Ab (TEAB) and its subsidiaries.Signing and completion of transaction is expected to occur before end of 2017.Eltel AB says transaction is estimated to have approximately eur 9.0 million negative impact in total on group's third and fourth-quarter EBITA.Estimates maximum cash-flow impact will be about EUR 20 million negative, main part will be recorded during remainder of 2017.Total cost for divestment is expected to be lower than estimated ramp down cost of EUR 40 million.  Full Article

Eltel to divest its business operations in Estonia
Wednesday, 30 Aug 2017 03:15am EDT 

Aug 30 (Reuters) - ELTEL AB ::ELTEL TO DIVEST ITS BUSINESS OPERATIONS IN ESTONIA.HAS SIGNED AN AGREEMENT TO SELL ITS BUSINESS OPERATIONS IN ESTONIA TO ESTONIAN TECNOLINES OÜ.CLOSING OF THIS TRANSACTION IS SUBJECT TO APPROVAL BY ESTONIAN COMPETITION AUTHORITIES AND IS EXPECTED TO OCCUR AT LATEST IN Q4 OF 2017.TRANSACTION PRICE, SUBJECT TO CHANGES IN NET WORKING CAPITAL UNTIL CLOSING, IS ESTIMATED TO AMOUNT TO ROUGHLY EUR 3 MILLION WITH EXPECTED CASH FLOW IMPACT OF EUR 2.5 MILLION IN Q4 OF 2017.TRANSACTION IS ESTIMATED TO HAVE A NEGATIVE IMPACT OF APPROXIMATELY EUR 1 MILLION ON GROUP EBITA.  Full Article

Eltel Q2 EBITA result turns to loss of EUR ‍21​ mln
Thursday, 17 Aug 2017 02:00am EDT 

Aug 17 (Reuters) - ELTEL AB ::Q2 NET SALES EUR ‍329.8​ MILLION VERSUS EUR 369.0 MILLION YEAR AGO.Q2 EBITA EUR LOSS ‍21.0​ MILLION VERSUS PROFIT EUR 5.7 MILLION YEAR AGO.‍OPERATIONS OUTSIDE ELTEL'S CORE BUSINESS WILL BE DIVESTED OR RAMPED DOWN.​."‍BY END OF 2018 WE EXPECT TO SEE EFFECTS OF SYNERGIES AND GROWTH WITHIN OUR CORE BUSINESS AREAS."​.  Full Article

Eltel sells its business operations in Latvia
Wednesday, 19 Jul 2017 05:30am EDT 

July 19 (Reuters) - ELTEL AB ::ELTEL SELLS ITS BUSINESS OPERATIONS IN LATVIA.TRANSACTION, WHICH IS SIGNED AND CLOSED TODAY, IS ESTIMATED TO HAVE A NEGATIVE IMPACT ON ELTEL'S GROUP EBITA IN Q3 2017 OF APPROXIMATELY EUR 1 MILLION.  Full Article

Eltel's power business signs new multi-year building deal with Ellevio
Thursday, 13 Jul 2017 03:00am EDT 

July 13 (Reuters) - ELTEL AB :ELTEL'S POWER BUSINESS SIGNS A NEW MULTI-YEAR BUILDING AGREEMENT WITH ELLEVIO IN SWEDEN.SCOPE IS TURNKEY FROM DESIGN TO COMMISSIONING AND ENTIRE PROJECT IS EXPECTED TO BE COMPLETED BY SUMMER 2020.STARTING DATE OF WORKS IS IN AUGUST 2017 AND THESE AREAS ARE EXPECTED TO BE COMPLETED DURING TIME PERIOD OCTOBER 2019 TO JUNE 2020.  Full Article

Eltel says rights issue fully subscribed
Wednesday, 28 Jun 2017 10:40am EDT 

June 28 (Reuters) - Eltel Ab :Says rights issue fully subscribed.Raising gross proceeds of approximately SEK 1.5 billion before issue costs.  Full Article

BRIEF-Eltel signs letter of intent to divest Power Transmission International

* Eltel signs a letter of intent to divest Power Transmission International