Eltel signed a new long-term contract with Stockholm Public Transportation

SL, AB Storstockholms Lokaltrafik (Stockholm Public Transportation) has chosen
Eltel its maintenance partner on Lidingöbanan and Spårväg City, two of
Stockholms central tram lines. The contract start date is beginning of 2016 and
it will run until the end of 2021.
The six-year contract of Eltel’s Rail & Road business unit is about preventive
and corrective maintenance and it consists of maintenance and reinvestment
projects on tracks, track foundations, catenary and signalling systems. Eltel’s
business with SL started in 2005 with an award of maintenance contract for
telecommunication systems. In 2010, SL renewed this contract with Eltel until
2017. This year Eltel completes a two-year long project regarding renovations of
Lidingöbanan.

Johan Staaf, Contract manager at SL comments:
“We are looking forward to a good cooperation with Eltel and expect qualitative
deliveries in a contract with high demands on functional commitment and long
-term development”.

Fredrik Häggström, President Eltel Rail & Road comments:
“SL is a key customer in Eltel’s transport business. In some areas we are
forerunners like in statistics, follow-up regarding SLA’s (Service Level
Agreement) and preventive maintenance diagnostics. The new contract is an
important complement to our existing telecom business with SL and a strategic
step to establish Eltel as a partner in rail maintenance”.

About SL AB
SL (Stockholm Public Transportation) have the overall responsibility for all
living in, or visiting, Stockholm County will have access to a well-developed,
accessible and reliable public transport. Every day, nearly 800 000 people are
using the general public transport, ie, travelling by metro, buses, commuter
trains and local trains. It is the Stockholm County Council that is responsible
for the procured public transport in Stockholm County.

About Eltel
Eltel is a leading European provider of technical services for critical
infrastructure networks – Infranets – in the segments of Power, Communication
and Transport & Defence, 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