0
Broadband

Eltel sells non-core arms, plans rights issue after Q4 loss

Tuesday 21 February 2017 | 12:54 CET | News
Nordic infranet provider Eltel ended the fourth quarter with a net loss on slightly lower net sales, announced it would shed divisions outside its core power and communications fields, and will make a preferential rights issue. It added that it has agreed with its creditors on revised convenants for 2016 and will start a probe of liabilities of potential historical accounting inaccuracies in the project business.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Eltel
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Eltel agrees new debt conditions with banks

Published 05 Mar 2019 12:31 CET | Sweden
Stockholm-listed network infrastructure provider Eltel said it has reached an agreement with its banks on certain amendments to ...

Eltel Q3 communications EBITA falls 40.6%, calls situation financially challenging

Published 07 Nov 2018 12:56 CET | Scandinavia
Stockholm-listed infrastructure equipment provider Eltel has reported a 9.8 percent drop in third quarter net sales to EUR 295.9 ...

Eltel Sweden announces resignation of MD, creates new role of COO

Published 09 Oct 2018 14:06 CET | Sweden
Network infrastructure provider Eltel has announced the resignation of Peter Uddfors, group management team member and managing ...

Eltel appoints Lindholm as CEO from September

Published 16 Apr 2018 12:44 CET | Finland
Infrastructure network provider Eltel said it has appointed Casimir Lindholm as its new president and CEO from 01 September, ...

Eltel renews network maintenance contract with unnamed Finnish operator

Published 06 Feb 2018 14:04 CET | Finland
Eltel said it has renewed a framework agreement with an unspecified Finnish operator, worth approximately EUR 30 million. Eltel's ...

New Swedish wireless broadband trade body starts up

Published 20 Mar 2017 13:33 CET | Sweden
The Swedish Wireless Fibre Suppliers' Association, STFL, has been replaced by the Association for Wireless Broadband ...

Eltel wins Danish smart metering order

Published 11 Nov 2016 12:48 CET | Denmark
Nordic infranet provider Eltel has signed a contract with the utility Frederiksberg Forsyning in Copenhagen to build a wireless ...

Eltel extends Swedish transport administration contract

Published 08 Nov 2016 11:39 CET | Sweden
Nordic infranet provider Eltel said its fixed communication business has signed a one-year extension of its current agreement ...

Eltel names Kirstein as new president, CEO

Published 29 Aug 2016 09:40 CET | Scandinavia
Nordic infranet provider Eltel's board of directors appointed Hakan Kirstein as Eltel's new president and chief executive ...

Eltel enters outsourcing deal with Fujitsu for Nordics, UK

Published 24 Aug 2016 08:57 CET | Scandinavia
Eltel outsourced the management of its end-user services in the Nordic region and the UK to Fujitsu. Under the contract, Fujitsu ...

Eltel wins Danish railway telecoms, IT network contract

Published 28 Jun 2016 12:24 CET | Denmark
Nordic infranet provider Eltel said it has signed an agreement with Danish railway operator Banedanmark regarding operation, ...

Telenor Norway says Storm Thor hits network

Published 01 Feb 2016 12:43 CET | Norway
Telenor Norway said mobile and broadband connections have been restored in most places after Storm Thor caused power cuts on the ...

Eltel wins fixed network contract from DNA

Published 07 Jan 2016 12:56 CET | Finland
Eltel said it has signed a three-year frame agreement worth approximately EUR 15 million with Finnish operator DNA. Eltel will ...





Calendar   /   Industry Events

02 Nov Cirrus Logic fiscal Q2
02 Nov Ceragon Networks Q3 2020
02 Nov SBA Communications Q3
02 Nov Adtran Q3 2020
02 Nov Neophotonics Q3 2020
02 Nov Lumentum fiscal Q1
02 Nov Skyworks fiscal Q4
02 Nov Idemia Q3 2020
02 Nov Arista Q3 2020
02 Nov Web Summit
03 Nov TIM Q3 2020
03 Nov Oteclo Q3 2020
04 Nov Fitbit Q3
04 Nov Lumen Technologies (formerly CenturyLink) Q3
04 Nov Qualcomm fiscal Q4
04 Nov Liberty Latin America Q3 2020
04 Nov Smith Micro Q3 2020
04 Nov Net Insight Q3 2020
04 Nov Qorvo fiscal Q2
04 Nov Telecom Italia Q3 2020
04 Nov Cellnex Q3
04 Nov Syn Q3 2020
04 Nov Magyar Telekom Q3 2020
04 Nov Liberty Global Q3 2020
04 Nov Softbank fiscal Q2
04 Nov Digital Infra Africa
05 Nov Cable One Q3 2020
05 Nov Aviat Q1
05 Nov Netia Q3 2020
05 Nov Viasat Q2
::: More Calendar Items