TUNC Holding AG

Tunc Holding AG: Tender for Huawei for GSM network of Saudi Telecom Company

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

Zürich (euro adhoc) - Tunc Telekomünikasyon A.S., the Turkish subsidiary of Tunc Holding AG, has bid for operations on the GSM network of Saudia Telecom Company (STC, www.stc.com.sa) in Kuwait, on request of Huawei Technologies (Street No.18, No. 14, Jabra No.10, Kuwait, www.huawei.com). Huawei has been assigned to implement new GSM networks in Kuwait in the scope of the so called STC 3rd licence project. The whole project has an estimated volume of US $ 25 M. In consequence of the tender Tunc Telekomünikasyon A.S. expects to get 20% of the project which would have an approximate value of US $ 4,8 M.

After the tendering on 24th of February 2008 meetings took place between Adnan Babaoglu (Technical Planning and Projects Coordinator of Tunc Telekomünikasyon A.S.) and Liu Wandong (Middle East & North Africa Region Procurement & Certification Director of Huawei) as well as Make Ma (Middle East Region Kuwait Representative Office Procurement of Huawei) on the 7th and 12th of March. The next steps of the STC project were discussed. In particular delivery time, number of required field service personnel and the price for Tunc Telekomünikasyon A.S.´s services were dealt with.

Tunc Holding AG was founded in November 2007 and provides engineering and support services in the area of telecommunications systems through its seven subsidiaries. The Tunc Holding subsidiaries are active in twelve countries in Asia Minor, Western and Central Asia as well as in Eastern Europe. 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 services include a broad range 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).

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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: Telekommunikation
ISIN:      CH0036270582
WKN:        A0M92R
Börsen:  Börse Frankfurt / Freiverkehr

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



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