Eltek Announces Contract with Telenor

DRAMMEN, Norway--(BUSINESS WIRE)--Eltek, the world leader in high efficiency power systems, today announced a frame agreement for continued supply of DC power systems with Telenor in Norway as well as Telenor Group subsidiaries around the world.

“As one of the top 10 operators in the world, Telenor is an important customer for Eltek through its proximity in Norway and its operation in key markets.”

“This contract is important for us as it proves that our leading technology and combination of global organization and local presence is appreciated in an increasingly competitive environment,” said Ingar Sørensen, Norway Country Manager for Eltek. “As one of the top 10 operators in the world, Telenor is an important customer for Eltek through its proximity in Norway and its operation in key markets.”

The contract runs until the end of 2013 and includes supply of complete power systems for indoor and outdoor installation for the global Telenor mobile network.

About Eltek

Eltek is a strategic technology partner and world leader in high-efficiency power electronics and energy conversion solutions for telecom and industrial applications such as rail and infrastructure, power generation and distribution, solar power and electric vehicles. As a power pioneer with over 40 years experience, Eltek has grown into a global corporation with close to 2,900 employees servicing customers in more than 100 countries. The Company reported revenue of NOK 3.6 billion in 2011. Headquartered in Drammen, Norway, Eltek is listed on the Oslo Stock Exchange.

About Telenor Group

Telenor Group is one of the world’s major mobile operators with more than 150 million mobile subscriptions. We have mobile operations in 11 markets and in 18 additional markets through our ownership in VimpelCom Ltd.