Closing today of Eltel’s buyout of Eltel Sønnico, Norway

Eltel announced on August 21, 2015 that the Norwegian Competition Authority has
approved Eltel’s acquisition of the Umoe shares with Eltel becoming the sole
owner of Eltel Sønnico AS. As all the preconditions for the deal have been met,
the closing has taken place today. Eltel Sønnico will be fully consolidated in
Eltel Group from today, i. e. for four months during 2015.
During the first eight months of 2015 Eltel Sønnico has started to implement the
new five-year contract of Telenor strengthening Eltel’s overall position in the
Norwegian communications market. Eltel Networks AS has, in a short time become a
major implementation partner of railway projects in Norway. In the spring of
2015 the company has also won smart metering projects for Hafslund and Skagerak
establishing a market leading position in Norway with over 800,000 meter
installations by 2019. Furthermore, Eltel is implementing power transmission
projects both for power and rail operators in Norway.

About Eltel Sønnico AS
Eltel Sonnico AS was established in March 2014 as 50/50 JV between Eltel Group
and Umoe Group in the communication business. The company signed a five-year
contract with Telenor in Q4 2014 and started operations in January 2015. The
company has 1,100 employees and net sales of approximately NOK 1,700 million per
annum.

For more information, please contact
Gunilla Wikman, Investor Relations Manager at Eltel AB
Tel: +46 725 843 630, gunilla.wikman@eltelnetworks.se

Hannu Tynkkynen, Senior Vice President, Group Communications at Eltel AB
Tel: +358 40 3114503, 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. The number of employees is
approximately 8,600 and in 2014, Eltel net sales amounted to EUR 1,242 million.
Eltel’s share is listed on Nasdaq Stockholm since February 2015.