TUNC Holding AG

Tunc Holding AG: Tendering for projects in Cambodia, Laos and Burundi

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electronics/finances/industry/shares/stock market/technology/telecommunication

Zürich (euro adhoc) - Tunc Telekomünikasyon, the Turkish subsidiary of Swiss Tunc Holding AG, announces its participation at the bid invitation of Timeturns Telecom Company (115446, Moscow, Kolomenskiy proezd, Building 14, 4th floor, Office 1, Russian Federation, Moscow Representation Office). Timeturns Telecom Company owns GSM licenses of Laos, Burundi and Cambodia and was assigned by three GSM operators to develop the GSM networks in these countries. In case of an acceptance of the bid the agreement contains a volume of $ US 60 Mio. Within the scope of these project Tunc Telekomünikasyon would be responsible for planning and erection of turnkey GSM networks (Network Implementation).

During a meeting with Bülent Recepoglu, CEO of Tunc Holding AG, and Georges Mouhaweje Ghassan, General  Manager of Timeturns Telecom Company, in Moscow on the 1st March of 2008 the details of Tunc Telekomunikasyon A.S. bidding offer were reviewed. Tunc Telekomunikasyon A.S. is planning to build 240 full turnkey stations for each country and to take over GSM stations maintenance-failure works in Laos, Burundi and Cambodia.

With the participation Tunc Holding AG works on the intended expansion of its operational business to the countries of Southeast Asia. Tunc Holding was able to establish itself already in 12 countries of Asia Minor, Central and Western Asia as well as in Eastern Europe through its seven subsidiaries and several projects. For this reason and for beeing an experienced service provider there is great confidence to achieve the acceptance of bid.

Tunc Holding AG has been founded in November 2007 and provides through its seven subsidiaries engineering and support services in the area of telecommunications systems. Tunc Telekomünikasyon A.S. as operational nerve centre of the group is located in Ankara, Turkey. The Turkish subsidiary operates as highly qualified provider in the GSM sector since 1992. The broad range of services includes from site survey and infrastructure to the erection and maintenance of telecommunications systems. Since 1996, the activities have been continuously expanded to include the area of electricity distribution systems with associated services, renewable energy and internet technology.

The shares of Tunc Holding AG are traded in the Open Market of Deutsche Börse Frankfurt (ISIN: CH0036270582, WKN: A0M92R).

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ots Originaltext: TUNC Holding AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Tunc Holding AG
T. Fikret Baran
Nordstrasse 89
8037 Zürich

Phone:    +41 (0) 44 200 28 30
Fax:        +41 (0) 44 200 28 31
Branche: Telekommunikation

Branche: Telecommunications Equipment
ISIN:      CH0036270582
WKN:        A0M92R
Börsen:  Börse Frankfurt / free trade



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