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BRIEF-Eltel discontinues unprofitable power transmission business outside of Europe
May 2, 2017 / 7:58 PM / 7 months ago

BRIEF-Eltel discontinues unprofitable power transmission business outside of Europe

May 2 (Reuters) - Eltel Ab

* Eltel discontinues unprofitable power transmission business outside of Europe

* Board of directors today decided to discontinue unprofitable business of power transmission projects outside of europe

* Majority of cost is expected to occur in 2017 and remainder in 2018

* Decision to discontinue means Eltel will complete ongoing customer projects, but will not initiate any new projects

* Is expected to have left african market and discontinued all parts of power transmission international during first half of 2019

* Possibility to sell power transmission international is low

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