Tunc Holding AG: Offer to LLC Warid Telecom for WiMAX project in Georgia
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Bronz Telekom, the Georgian subsidiary of Tunc Holding AG, has emitted an offer in the scope of a bid invitation to LLC Warid Telecom in Gerogia (36 Lasatiani Str. 0105, Tiflis) on the 4th of March 2008. The possibly resulting contract volume would be about $ US 9 Mio. LLC Warid Telecom is a subsidiary of Pakistani provider Warid Telecom and in the scope of a state sponsored auction won a license for the development of 3.5 GHz WiMAX spectrum in Georgia. This license includes requirements so that Warid has to launch services within twelve months and ensure that coverage of all twelve regions of the country occur within three years.
The Offer of Bronz Telekom with a volume of about $ US 9 Mio. contains planning and implementation of 400 turnkey WiMax radio installations (Network Implementation) - which is about 80% of the total project - within 24 months. After this there could follow a contract about maintenance-failure services of the project. WiMAX (=Worldwide Interoperability for Microwave Access) is a broadband technology for internet access via radio and popular in newly industrialising and third world countries.
For quite some time Tunc Holding AG CEO Bulent Recepoglu is intimately following the WiMAX project. Together with Marwan Zawaydeh, who is Board Director and Board Executive Committee Member of Warid Telecom´s Group the possibilities of Tunc Holding AG´s subsidiaries to invest and work together in the countries where the Warid Telecom is actively working are being evaluated.
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 Tunc Holding subsidiaries are active in twelve countries in Asia Minor, Western and Central Asia as well as in Eastern Europe. The broad range of services includes from site survey and infrastructure to the implementation 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).
end of announcement euro adhoc
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