Eltek ASA: NeraTel settles claim in Malaysia
(Thomson Reuters ONE) -
Nera Telecommunications Ltd ("the Company") today announces that the Company has
settled a claim in Malaysia, under which Nera Telecommunications has agreed to
pay RM 850,000 (approximately NOK 1.6 million). The original claim was RM 41.2
million (approximately NOK 78 million), reference made to note 29 in Eltek's
Annual Report for 2010.
For further information, please contact:
CFO Pål Skistad + 47 908 50 378
About Eltek ASA
Eltek is a strategic technology partner within power conversion solutions across
a variety of industries including telecom, rail and infrastructure, power
generation and distribution, solar energy and electric vehicles. Through the
50.1 percent owned subsidiary Nera Telecommunications Ltd in Singapore the
Company is also a regional supplier of transmission systems, satellite
communications and infocomm systems. Eltek reported revenue of NOK 4 billion in
2010, and has close to 2,900 employees in more than 40 countries. Eltek is
listed on Oslo Stock Exchange and headquartered in Drammen, Norway.
About NeraTel
Nera Telecommunications offers radio transmission, satellite communications and
infocomm equipment and services to the Asian markets. Headquartered in
Singapore, NeraTel is 50.1 percent owned by Eltek ASA and separately listed on
the Singapore Stock Exchange. The company counts more than 500 employees and
reported revenue of NOK 834 million in 2010.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Attachment:
http://hugin.info/86881/R/1574374/490128.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Eltek ASA via Thomson Reuters ONE
[HUG#1574374]
Unternehmensinformation / Kurzprofil:
Datum: 30.12.2011 - 11:39 Uhr
Sprache: Deutsch
News-ID 100388
Anzahl Zeichen: 2339
contact information:
Town:
Drammen
Kategorie:
Business News
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"Eltek ASA: NeraTel settles claim in Malaysia"
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