Eltel makes an acquisition in Germany

Eltel has acquired the German company Edi.Son Energietechnik GmbH within the
Power segment. The acquired company shows a turnover of over EUR 20 million per
year and has more than 100 employees.
Eltel has today announced the signing of the acquisition of Edi.Son
Energietechnik GmbH, specializing in planning, design and construction of 110 to
380 kV overhead lines in Germany. With the acquisition of Edi.Son, Eltel is in
the position to deliver both transmission lines and substations up to 380 kV to
the German customers. The acquisition is an important step for Eltel and its
growth strategy to extend its market scope in one of the largest European
markets.

Prior to the acquisition Eltel has been present in the German market in its
Communication business for over 10 years. A Power transmission and distribution
business was established in 2013 and the first customer contract was signed in
late 2014.

Eltel is present in the Nordic, Baltic, Polish and UK markets to deliver project
services, upgrades and maintenance to power transmission and distribution system
operators and counts as one of the leading players with its Power segment. In
addition Eltel has delivered electrification projects and systems outside
Europe, mostly in Africa, for over 50 years.

Axel Hjärne, CEO of Eltel comments:
“The acquisition of Edi.Son is a great step for Eltel and our journey as a
leading Infranet company in Europe. Eltel has a very long tradition of building
high voltage transmission lines internationally and we are very happy to
announce a strengthened entry with Edi.Son in the German market. Edi.Son is a
well recognized company in its market and will together with Eltel have good
opportunities to grow the business further. We welcome the employees of Edi.Son
to join Eltel”.

Ralph Sonntag, Managing Director and seller of Edi.Son comments:
“Edi.Son has grown to a size where I consider being a part of a larger
international group will further boost the development of the company. After
careful considerations, I came to the conclusion that Eltel would fulfil the
expectations of Edi.Son and its employees and I am happy to make this
announcement today. I will continue as Managing Director in Edi.Son and continue
to develop the company jointly with Eltel”.

More about Edi.Son
Edi.Son Energietechnik GmbH is a company located in Wustermark, in the vicinity
of Berlin, Germany. The company has more than 100 employees working with
overhead line planning, design and construction. Edi.Son has been owned by Mr.
Sonntag since 2005. The company has shown stable performance over the years.

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

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.

This is information that Eltel AB (publ) is required to publish in accordance
with the Swedish Securities Markets Act and/or the Swedish” Financial Trading
Act. This information was submitted for publication on 30 March 2015 at 08:00
a.m. CET.