Core Viewpoint - Telenor's Finnish subsidiary KNL has secured contracts worth €15 million under a ten-year framework agreement with the Finnish and Swedish Armed Forces, highlighting the increasing demand for secure communication solutions amid geopolitical uncertainties in Europe [1][2]. Company Overview - KNL specializes in advanced high-frequency (HF) communication solutions that provide encrypted and resilient connectivity, capable of automatic connection in under one second, even in jamming conditions [3][6]. - The company became part of Telenor in 2020 and has focused on secure defense communications, engaging with NATO countries and running pilots with Norway's Defence Research Establishment [6][7]. Industry Context - The contracts are part of a broader ten-year framework agreement with NORDEFCO, aimed at enhancing joint procurement and interoperability among Nordic nations, with potential extensions to additional NATO countries [4]. - The growing demand for secure communication solutions is underscored by the current complex security environment, emphasizing the importance of KNL's technology in strengthening regional security [2][5]. Future Outlook - KNL is ramping up production to meet increasing market demand, with several countries expressing interest in testing and adopting its solutions, indicating strong potential for future orders [5][7]. - Initial deliveries to the Finnish and Swedish armed forces are expected to be completed by the end of the year [4].

Group 1 - Telenor's Finnish subsidiary KNL has secured contracts worth €15 million under a ten-year framework agreement with the Finnish and Swedish Armed Forces, highlighting the increasing importance of secure communication for national defense [1][4] - The contracts reflect a growing demand for resilient communication solutions in a complex security environment, showcasing KNL's technology as a key player in enhancing regional security [2][5] - KNL specializes in advanced high-frequency communication solutions that provide encrypted connectivity, even in challenging conditions such as jamming, ensuring secure communication in areas lacking traditional infrastructure [3][6] Group 2 - The framework agreement with NORDEFCO facilitates joint procurement and interoperability among Nordic nations, with potential for extension to additional NATO countries, indicating a strategic positioning for KNL in international defense markets [4][6] - KNL is experiencing strong market interest and is ramping up production to meet demand, with several countries conducting pilot programs and high expectations for future orders [5][7] - Since becoming part of Telenor in 2020, KNL has focused on secure defense communications and is engaging with NATO countries, positioning itself for significant international growth [6][7]