Eltel extends frame agreement with TDC Net in Denmark by two years worth about DKK 170 million, or EUR 23 million

Eltel Denmark and TDC Net, Denmark's largest telecommunications provider have extended their collaboration for two years, with an option for an additional two years. The estimated order value is about DKK 170 million, about EUR 23 million.

The agreement focuses on securing the telecommunications infrastructure throughout Denmark by continuously establishing fiber connections for both residential and commercial customers.

The current agreement expires in February 2024, after which the new period of two years, until December 2025, begins.

For further information:

Claus Metzsch Jensen, Managing Director, Eltel Denmark

Phone: +45 23 23 80 80, claus.metzschjensen@eltelnetworks.com

Elin Otter, Director Communications and Investor Relations

Phone: +46 70 24 68 4692, elin.otter@eltelnetworks.com

About Eltel

Eltel is the leading service provider for critical infrastructure that enables renewable energy and high-performing communication networks. Eltel designs, plans, builds and secures the operation of networks for a more sustainable and connected world today and for future generations. In total, we have about 5,000 employees and in 2022 the annual sales was EUR 823.6 million. The head office is located in Sweden and Eltel's shares have been listed on Nasdaq Stockholm since 2015. Read more at www.eltelnetworks.com.