TUNC Holding AG

Tunc Holding AG: Contract with Motorola about operations at Turkish Vodafone networks

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Zürich (euro adhoc) - Tunc Telekomünikasyon A.S., the Turkish subsidiary of Tunc Holding AG, announces the conclusion of an agreement with Motorola (Buyukdere cad. Harman sok. No. 4 Levent, 34330 Istanbul) about upgrading and expansion of Vodafone´s GSM networks in Turkey. The Vodafone Turkey Project comprises the upgrading of the existing GSM network and the implementation of new GSM network systems. For the next five years the contract will be prolonged every year for a period of another twelve months. The aim of Tunc Telekomünikasyon A.S. is to obtain the assignment for implementing of more than 1000 of a total of 5500 sites Motorola has planned to implement. The expected value for the year 2008 is about US $ 11 M. As agreed upon, Tunc Telekomünikasyon A.S has started the site engineering and installation as well as supplying essential equipment already. After finishing this assignment there could possibly follow an agreement about service and maintenance work on the network.

Within the scope of the Vodafone Turkey Project, Tunc Telekomünikasyon A.S. has also tendered service and maintenance work of electricity transmission lines, infrastructure and air conditioning systems. An offer issued at the end of January 2008 refers to Bursa, a Turkish region with 704 sites. Another offer dated at 11.03.2008 refers to the region of Ankara with 918 sites. In case of a commissioning the contract volume would be a total of US $ 3 M. per year.

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 tradet 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

Weitere Meldungen: TUNC Holding AG

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