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Telenor Subsidiary Secures €15 Million Nordic Defence Contracts
GlobeNewswire News Room· 2025-08-26 06:30
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]