Eltel’s transport and security business signs a EUR 16 million maintenance agreement with Banedanmark in Denmark

Eltel has signed an agreement with Banedanmark regarding operation, support and
maintenance of network installations and technical IT systems. The contract
period starts in October 2016 and runs for a five-year period with an option of
extension period of three years. The value of this contract is approximately EUR
16 million.
Banedanmark has chosen Eltel to operate, support and maintain its network
installations and technical IT systems 24/7/365. The system consists of various
communication technologies for transmission of data as well as a nationwide
fiber and cable infrastructure and a number of other technical IT systems. The
network facilitates IP communication within the entire Banedanmark network.
Furthermore 24/7/365 monitoring from Eltel’s Network Operation Center (NOC) in
Copenhagen is included in the contract. Eltel has been initial partner with
Banedanmark since 2011.

Thorbjörn Sagner, President - Eltel Aviation & Security comments:
We are very happy that Banedanmark again has chosen Eltel for operation and
maintenance of their network installation and technical IT systems. This proves
the trust that Banedanmark has in Eltel when it comes to our competitiveness,
security of the solution and not the least flexibility and scalability of our
services. We are looking forward to delivering smooth, efficient and reliable
operations and support to Banedanmark to the benefit of all stakeholders.

Kim Remmer, General Manager – Banedanmark comments:
We have worked with Eltel for five years and we trust Eltel to continue to
support us in an efficient way also in this new contract. For us it is very
important to have continuous availability of support to be able to manage all
unexpected and critical situations. This cooperation supports Banedanmark’s
vision to develop and provide safe, attractive and efficient railway services to
all our customers.

For further information:
Ingela Ulfves
VP, IR and Group Communications
Tel: +358 40 311 3009, ingela.ulfves@eltelnetworks.com

Hannu Tynkkynen
Director, External Communications and Sustainability
Tel: +358 40 311 4503, 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 & 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 9 600. In 2015 Eltel’s net sales amounted to EUR 1 255 million.
Since February 2015, Eltel AB is listed on Nasdaq Stockholm.