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Eltel AB (ELTEL.ST)

ELTEL.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Eltel announces amendments to financing agreement
Monday, 4 Mar 2019 

March 4 (Reuters) - Eltel AB ::HAS AGREED WITH ITS BANKS ON CERTAIN AMENDMENTS TO ITS EXISTING FINANCIAL AGREEMENT THAT MATURES IN Q1 2021..NEW AMENDMENTS INCLUDE FINANCIAL COVENANTS AND A PLAN TO REDUCE NET DEBT DURING TERM.COVENANT REVISIONS RELATE TO MINIMUM ADJUSTED EBITDA TO BE APPLIED UNTIL END OF TRANSFORMATION PERIOD (Q2 2020) AND MAXIMUM NET DEBT OF EUR 120 MILLION TO BE APPLIED AS FROM END OF Q4 2019.HAS AGREED TO SECURE ITS DEBT OBLIGATIONS TOWARDS BANKS BY SHARE AND INTRAGROUP LOAN PLEDGES AND FLOATING CHARGES OVER CERTAIN ASSETS OF GROUP.  Full Article

Eltel Q4 EBIT Swings To Loss Of EUR 0.2 Million
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Eltel AB ::OCT-DEC NET SALES EUR 330.9 MILLION (374.2).OCT-DEC OPERATING RESULT (EBIT) EUR -0.2 MILLION (1.2)."Q4 SHOWED A STRONG CASH FLOW OF EUR 70 MILLION AND IMPROVED OPERATIVE EBITA ON GROUP LEVEL" - CEO."LOOKING AT QUARTER AND YEAR-ON-YEAR WE ARE NOT SATISFIED WITH OVERALL PERFORMANCE OF UNDERLYING BUSINESS" - CEO.SMART GRIDS IS A CYCLICAL BUSINESS AND WE EXPECT LOWER VOLUMES IN 2019.OUR LONG-TERM GOAL IS TO RETURN TO AN EBITA-MARGIN OF 5% WITH A STABLE CASH FLOW AND A HEALTHY BALANCE SHEET.  Full Article

Eltel Signs Renewal Of Three-Year Telecom Frame Agreement In Finland Worth About EUR 39 Million
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Eltel AB ::ELTEL SIGNS RENEWAL OF THREE-YEAR TELECOM FRAME AGREEMENT IN FINLAND WORTH ABOUT EUR 39 MILLION.AGREEMENT PERIOD STARTS FEBRUARY 2019 AND IS VALID UNTIL END OF JANUARY 2022..AGREEMENT IS WORTH ABOUT EUR 39 MILLION..  Full Article

Eltel Signs Two-Year Agreement With TDC In Denmark
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Eltel AB ::ELTEL SIGNS A TWO-YEAR AGREEMENT WITH TDC IN DENMARK WORTH ABOUT EUR 20 MILLION.ELTEL'S PART OF CONTRACT IS WORTH ABOUT EUR 20 MILLION.AGREEMENT IS VALID FOR TWO YEARS FROM JUNE 2019 UNTIL JUNE 2021.POSSIBILITY OF ONE YEAR EXTENSION.  Full Article

Eltel Unit Sins Frame Agreement Worth EUR 29 Million
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Eltel AB ::ELTEL'S COMMUNICATION BUSINESS IN DENMARK SIGNS THREE-YEAR FRAME AGREEMENT WORTH EUR 29 MILLION.AGREEMENT IS WORTH ABOUT EUR 29 MILLION.FRAME AGREEMENT IS VALID FOR THREE YEARS FROM JANUARY 2019 UNTIL JANUARY 2022.ELTELS COMMUNICATION BUSINESS IN DENMARK HAS SIGNED A THREE-YEAR FTTH FRAME AGREEMENT WITH FIBIA.  Full Article

Eltel's Power Business Signs Frame Agreement In Finland
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Eltel AB ::ELTEL'S POWER BUSINESS IN FINLAND SIGNS TWO-YEAR FRAME AGREEMENT WORTH EUR 13.6 MILLION.FRAME AGREEMENT IS VALID FOR TWO YEARS FROM MARCH 2019 UNTIL END OF MARCH 2021..ELTEL'S POWER BUSINESS IN FINLAND HAS SIGNED A TWO-YEAR FRAME AGREEMENT WITH CARUNA.AGREEMENT IS WORTH ABOUT EUR 13.6 MILLION..  Full Article

Eltel Divests Rail Operations In Norway
Monday, 9 Jul 2018 

Eltel AB ::ELTEL DIVESTS RAIL OPERATIONS IN NORWAY.EXPECTED CASH FLOW EFFECT IS EUR -0.7 MILLION, EXPECTED TO OCCUR IN Q3 OF 2018.TODAY SIGNED AN AGREEMENT TO DIVEST ITS NORWEGIAN RAIL OPERATIONS TO ÆRA AS.  Full Article

Eltel signs letter of intent to divest rail ops in Sweden
Monday, 12 Mar 2018 

March 12 (Reuters) - Eltel Ab ::ELTEL SIGNS A LETTER OF INTENT TO DIVEST ITS RAIL OPERATIONS IN SWEDEN.PARTIES AIM TO FINALISE AND COMPLETE TRANSACTION DURING H1 2018.‍TO DIVEST ITS SWEDISH RAIL OPERATIONS, TO STRUKTON RAIL AB​.XPECTED TO BE COMPLETED DURING 2019..TRANSACTION IS SUBJECT TO CUSTOMER APPROVAL OF TRANSFER OF CONTRACTS..‍TRANSACTION,WILL HAVE A NEGATIVE EBITA AND NEGATIVE CASH FLOW EFFECT EACH ESTIMATED TO BE ABOUT EUR 6.5 MILLION​.SAYS ‍WILL HAVE A NEGATIVE EBITA AND NEGATIVE CASH FLOW EFFECT EACH ESTIMATED TO BE APPROXIMATELY EUR 6.5 MILLION, TO OCCUR AT TIME OF COMPLETION OF TRANSACTION​.SAYS ‍ELTEL HAS TODAY SIGNED A LETTER OF INTENT TO DIVEST ITS SWEDISH RAIL OPERATIONS, CONSISTING OF KEY CUSTOMER CONTRACTS, EMPLOYEES AND OPERATIONAL EQUIPMENT, TO STRUKTON RAIL AB​.  Full Article

Eltel To Divest Rail Business Operations In Denmark
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Eltel Ab ::ELTEL SIGNS A LETTER OF INTENT TO DIVEST ITS RAIL BUSINESS OPERATIONS IN DENMARK.UNDER LETTER OF INTENT, PARTIES AIM TO FINALISE DEFINITIVE TRANSACTION BY 31 JANUARY 2018.‍PARTIES AIM TO FINALISE DEFINITIVE TRANSACTION BY 31 JANUARY 2018.​.CONTRACT IS VALID UNTIL MARCH 2019 WITH A ONE-YEAR PROLONGATION OPTION.NEGATIVE CASH FLOW EFFECT OF DKK 18 MILLION, EXPECTED TO OCCUR IN THE FOURTH QUARTER 2017 AND Q1 2018.  Full Article

Eltel Wins Two-Year Contract With Telia In Finland
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Eltel Ab ::ELTEL WINS A TWO-YEAR NATIONWIDE SERVICE CONTRACT WITH TELIA IN FINLAND.WON A TWO-YEAR SERVICE CONTRACT WITH TELIA FINLAND OYJ AT AN EXPECTED VALUE OF APPROXIMATELY EUR 30 MILLION PER YEAR.  Full Article