- Business
- Netel Holding AB (publ) (NETEL.ST) is a Sweden-based contracting company that specializes in the development, construction, and maintenance of critical infrastructure networks across Infraservices, Power, and Telecom segments. The company provides comprehensive services including project management, design, planning, construction, expansion, modernization, and maintenance of physical telecommunications and broadband networks, electricity distribution networks, district heating infrastructure, water and sewage systems, and associated civil engineering works; in Power, it delivers design, planning, construction, and maintenance for electricity distribution in Sweden and Norway; in Telecom, it offers fibre rollout, mobile network services, and maintenance across its markets; and in Infraservices, it handles infrastructure upgrades for heating, water, and sewage primarily in Sweden. Netel serves telecommunications operators, network owners, power producers, municipalities, property owners, construction companies, and housing associations. Operations span Sweden, Norway, the United Kingdom, and Germany, with customers primarily in Northern Europe; the company was founded in 2000 and is headquartered in Stockholm, Sweden. In recent developments, Netel completed the divestment of its Finnish operations to private investors in November 2025 to sharpen focus on core markets in Sweden and Norway as well as growth areas in Germany and the UK; initiated a review and divestment process for its UK operations in October 2025 alongside consolidation of subsidiaries, cost-saving programs targeting MSEK 40-50 annually, and organizational streamlining including staff reductions and process improvements; signed new framework agreements such as with E.ON and Vattenfall in Sweden, Elvia in Norway for power station upgrades and emergency services, Ellevio for distribution station reconstruction, and Telia for expanded broadband services; and reported net sales of MSEK 3,284 for 2024 with approximately 800 employees.