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ELTEL: Eltel's rail and road business signs a EUR 10 million three-year maintenance agreement with Sund & Bælt in Denmark

Eltel has signed an agreement with Sund & Bælt Holding A/S regarding
maintenance of the rail system on Storebæltsbroen and Öresundsbanen.
The contract period starts in April 2016 and runs for a three-year
period with an option of extension period of one year. The value of
this contract is approximately EUR 10 million.

Sund & Bælt has trusted Eltel with a new frame agreement regarding
preventive maintenance and emergency service 24/7 of tracks,
signaling and electrification on the Storebælt bridge and tunnel
system and on the rail system between Copenhagen's main railway
station and the Öresund bridge. The agreement also comprises renewal
services on the track and electrification systems.

Sund & Baelt Holding A/S is a Danish state-owned company operating and
maintaining the road and rail link across Storebælt, the Öresund
motorway and the Öresund railroad line on Amager. Sund & Bælt owns
50% of Öresundsbro Konsortiet which owns and operates the Öresund
bridge. The other half of the company is owned by the Swedish
state-owned company SVEDAB AB.

Fredrik Häggström, President - Eltel Rail & Road comments:
"We are very happy to have signed this agreement with Sund & Bælt. It
proofs the trust that the Danish infrastructure owners have in Eltel
in terms of competitiveness and with focus on quality and safety.
This contract is a cornerstone in our strategy to establish a sound
and broader position on the Danish rail and road market. Eltel aims
to achieve a complete service portfolio ranging from various kinds of
projects to infrastructure upgrades and maintenance services".

For further information:
Ingela Ulfves
VP, IR and Communications
Tel: +358 40 311 3009,

Hannu Tynkkynen
SVP, Group Communications
Tel: +358 40 311 4503,

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 current number of
employees is approximately 9 300. In 2014 Eltel's net sales amounted
to EUR 1 242 million. Since February 2015, Eltel AB is listed on
Nasdaq Stockholm.


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