Nera Networks has signed two contracts with major telecom operators in Brazil. Both contracts are extensions of existing agreements.

Nera Networks will provide turnkey solutions, including more than 600 Evolution Series radios. The projects will deliver increased capacity to the operators 3G and backbone networks, and will be implemented during second half 2010. The combined value is estimated at USD 9.4 million.

 

For further information, please contact:

Eltek ASA
CFO Pål Skistad: +47 908 50 378

 

Eltek is a strategic technology partner within power solutions and microwave radio transmission, through its three business units Eltek Valere, Nera Networks and Nera Telecommunications. The company reported revenue of NOK 5.8 billion in 2009, and had close to 3,330 employees in more than 50 countries at the end of the year. Eltek is listed on Oslo Stock Exchange and headquartered in Drammen, Norway.

Nera Networks designs, develops, manufactures and markets a broad portfolio of point-to-point microwave transmission radios under the Evolution brand name. The company has extensive systems and project management expertise for turn-key deliveries and after sales support and services. Headquartered in Bergen, Norway, the company counts approximately 800 employees and reported revenue of more than NOK 1.8 billion in 2009.

 

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)