Eltel completes sale of Danish rail operations
Eltel has today completed the sale of its rail operations in Denmark to Strukton Rail A/S.The final transaction, comprising the maintenance contract with Sund & Bælt A/S, 26 employees and operational equipment used for delivering the relevant maintenance services, will have a negative EBITA effect estimated to DKK 3.4 million in the fourth quarter of 2017 and a negative cash flow effect of DKK 18 million, expected to occur in the first quarter 2018. In February 2017, Eltel decided that its strategic focus will be on the Group’s core businesses in Power and Communication with the