TUNC Holding AG

Tunc Holding AG: Contract with an estimated value of US $ 15 m with Nokia Siemens Networks in Uzbekistan

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

Zürich (euro adhoc) - Last Tuesday, 25th March 2008, Tunc Telekomünikasyon - the Turkish subsidiary of Tunc Holding AG - has signed a contract with Nokia Siemens Networks (www.nokiasiemensnetworks.com) on the collaboration for the mobile network of Coscom LLC JV in Uzbekistan. The contract comprises a value of US $ 15 m. Delta Telekom (Ergashev Str. 9, Tashkent), a subsidiary of Turkish Tunc Telekomünikasyon, which was already founded at the end of November 2007 in order to prepare the Coscom project, will handle the work on site. Aside from the preparation of 250 sites, their power supply, and the following turnkey implementation, Delta Telekom will also provide the required equipment for this project. It is expected to increase the volume of the contract during the course of this project.

As one of the leaders in the Uzbek telecommunications market Coscom LLC JV (http://www.coscom.uz/ru, 118, Vokhidov Str., Tashkent, Uzbekistan) builds up a countrywide new-technology network while replacing the existing network and expanding the current network coverage and capacity. For this operation Nokia Siemens Networks was assigned. The planned network will be EDGE capable (Enhanced Data Rates for GSM Evolution - a development of the GSM Technology). The whole project is worth about US $ 152 m and will last for two years.

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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