Eltel wins another major smart metering contract in Norway

Norwegian power utility Skagerak Nett AS has chosen Eltel its rollout partner
 in their smart metering project. The rollout consists of 180.000 AMM meters to
be installed by 2019.
Skagerak Nett has decided to contract the rollout of 180.000 smart meters with
Eltel. The contracted services include rollout of meters and communication
equipment, installations for substations, warehousing and logistics, and
customer contacts. For Eltel the contract is another smart metering project in
Norway announced during a short period of time. Eltel is the market leader of
smart metering rollouts in Northern Europe with contracted installations of over
4 million meters.

Geir Kulås, Networks director of Skagerak Nett says:
“Eltel has shown in similar projects elsewhere that they have competences and
capacity to install a large amount of meters every day. By Norwegian regulator
we are obliged to complete the system by 1.1.2019”.

About Skagerak
Skagerak Energi’s operations are focused on production and distribution of
electricity and other energy, as well as other activities related to these. The
group has an annual average energy production of 5500 GWh, over 185 000 network
customers and turnover of NOK 2.5 billion in 2014. Skagerak does not sell
electricity to end-users but owns 48 % of Norway's second largest power sales
company, Fjordkraft. The group has about 780 employees.

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.

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