Axcel enters into partnership with Netel

Axcel has agreed to acquire a majority stake in leading Scandinavian telecommunications contractor Netel. Existing shareholders will retain a substantial minority holding. The new ownership structure will mean increased resources for Netel’s continued expansion.Netel is a leader in the rollout and maintenance of mobile and fixed telecommunications networks in Sweden and Norway. The company plans, designs, builds and maintains networks for telecom operators, network owners and property managers. Netel has some 110 employees at 10 offices in Sweden and Norway, or around 400 full-time