Axcel IV has sold Netel to IK Investment Partners.
Netel builds and maintains physical infrastructure for both fixed and wireless communications. The company offers its customers complete solutions spanning project management, network planning, site acquisition, licensing, design, construction, installation, operation and maintenance. Netel currently has just over 340 employees at 25 offices in Sweden, Norway, Finland and the Baltic states. In 2015, the company generated revenue of approx. SEK 1.5bn.