Eltel’s mobile communication business signs a three year frame agreement with Huawei in Germany

Eltel has signed a three year frame agreement with Huawei for implementation of
LTE and modernisation roll outs for a major German mobile operator. The value of
the frame agreement is estimated to be approximately EUR 20 million over the
three year period.
This agreement is an important milestone for Eltel’s ongoing market
consolidation in Germany. Huawei has trusted Eltel with a new frame agreement
consisting of site planning and site design, network implementation, civil works
and network integration and commissioning. The services are performed in the
network of one of the leading German mobile operators in the western part of
Germany. The implemented technology is LTE and the duration of the frame
agreement is planned from 2016 to 2018.

Dariush Rezai, President - Eltel Mobile Communication comments:
“Huawei is an important customer for Eltel in a number of countries and we are
particularly happy to be awarded the new three-year frame agreement in Germany.
The new contract further strengthens Eltel’s growing market share in the German
market, which is one of Eltel’s strategic growth areas. We also appreciate the
recent recognition by Huawei to Eltel as a West European winner of their Global
Partner Award”.

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

Hannu Tynkkynen
SVP - Group Communications
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 9 300. In 2014 Eltel’s net sales amounted to EUR 1 242 million.
Since February 2015, Eltel AB is listed on Nasdaq Stockholm.