• Eltel Group (Eltel) provides full scope services to the power and telco industry, including site acquisition and design, building permitting, civil works, telecom implementation and maintenance of wireless and fixed telco infrastructure
  • Eltel´s high voltage business unit provides technical services to key power infrastructure operators in Poland, and specializes in overhead line and substation projects for high voltage infrastructure
  • The Polish unit has c. 410 qualified technical workers with extensive sector experience


  • DC Advisory was engaged by Eltel to act as exclusive financial advisor in the divestment of its Polish business in line with Eltel’s strategy to focus on its home market in the Nordics leveraging its established market presence and domestic business model
  • DC Advisory has utilized its extensive expertise in the technical services sector, as well as unique access to a global network of potential buyers, having previously advised on M&A transactions across Europe in the space


  • Eltel has signed an agreement to divest its Polish high voltage business to Mutares
  • The transaction bolsters DC Advisory’s existing credentials in the technical services space
  • The closing of this transaction is subject to customary regulatory approvals