Eltel’s power distribution business wins a three-year contract in Finland at a value of approximately EUR 18 million

Eltel has signed a three-year contract with Elenia Oy to build and maintain
their distribution network in Finland. The value of the contract is estimated to
be approximately EUR 18 million and the contract period starts in February 2017.
This contract further confirms Eltel’s service delivery capability in the power
distribution sector.
This three-year frame agreement with Elenia Oy is to build and maintain their
distribution network in Finland. The contract comprises four geographical areas
in the western part of Finland and in the Tampere region. The contract period
starts in February 2017 and runs until January 2020. The contract also includes
options for two additional two-year periods until January 2024. The value of the
contract is estimated to be approximately EUR 18 million.

Juha Luusua, President – Eltel Power Distribution comments:
“Elenia’s high level of investments in the power network, driven also by
weatherproof infrastructure, offers us good growth potential going forward.
Since a few years, we have introduced new methods for example in underground
cabling where Eltel’s quality of work and performance have constantly improved.
The winning of three new areas for Elenia is good evidence of this. We aim to
continue this development and boost further our delivery capabilities. Our
partnership with Elenia is very important as Elenia is one of the frontrunners
in the European power distribution business.”

For further information:
Ingela Ulfves
VP – Investor Relations and Group Communications
Tel: +358 40 311 3009, ingela.ulfves@eltelnetworks.com

Hannu Tynkkynen
Director – External Communications and Sustainability
Tel: +358 40 311 4503, hannu.tynkkynen@eltelnetworks.com

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. In 2015 Eltel net sales amounted
to EUR 1,255 million. The current number of employees is approximately 9,600.
Since February 2015, Eltel AB is listed on Nasdaq Stockholm.