Press release
Netel Norge signs agreement with Ice on 5G expansion
Netel in Norway has signed an agreement with Ice for the upgrade and new construction of base stations. Ice aims to expand 5G across the country.
The agreement means that Netel is responsible for planning, implementation, documentation, testing and commissioning of 5G infrastructure.
Netel is one of four suppliers to Ice sharing a total contract value of about NOK 1.5 billion over the next few years.
"This contract is of great importance for Netel," says Edward Olastuen, country manager for Netel in Norway and the UK. "We are happy to be involved in building the mobile network of the future together with the innovative operator Ice, and this shows that our investment in building competence in 5G was the right decision."
"We are looking forward to this new collaboration," says Ove Bergkvist, CEO and CEO of Netel. "We have extensive experience in large telecom projects and are proud to be involved in building an efficient infrastructure in Norway."
"We look forward to continuing the expansion of our 5G network with Netel on board," says Eivind Helgaker, CEO of Ice. "In order for us to be able to offer our customers the best possible services, it is important to work with partners who we know can deliver on sustainability, efficiency and safety. And that is something Netel can do.”
Contacts
Ove Bergkvist, CEO +46 (0) 73 337 09 37, ove.bergkvist@netel.se
Peter Andersson, CFO +46 (0) 73 842 36 90, peter.andersson@netel.se
Åse Lindskog, IR +46 (0) 73 024 48 72, ase@lindskogphilipson.se
About Us
Netel is a leading specialist in critical infrastructures in Northern Europe. We have over 20 years of experience in carrying out projects as well as services and maintenance for the industry's largest players in power, telecommunications, heating as well as water and sewage. We have a clear strategy for organic growth and acquisitions based on an efficient business model that is characterized by decentralization, low capital tied up and high cash conversion. Our business is based on a solid sustainability approach with intense responsibility for the environment and work safety. Netel had sales of more than SEK 2.4 billion in 2021 and has approximately 820 employees. Read more at www.netelgroup.com.