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TUNC Holding AG

Tunc Holding AG: Contract between Bronz Telecom and Ericsson in Georgia with an estimated value of US $ 2.5 m

Zürich (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
electronics/finances/industry/shares/stock 
market/technology/telecommunication
Bronz Telecom - the Georgian subsidiary of Tunc
Holding AG - has signed a contract with Ericsson LLc (74. 
Chavchavadze avenue, floor 10, 0162. Tiflis, Georgia 
www.ericsson.com/ru). This contract is carried out within the scope 
of the first phase of GSM network development of Geocell in Georgia.
The contract with an estimated volume of US $ 2.5 m contains planning
and implementation of 100 turnkey radio installations as well as 
associated revisions like network implementation, civil work for base
transceiver system sites, infrastructure services, telecom 
implementation and commissioning services. Initially the duration of 
the contract will be twelve months. It is expected that further 
contracts will be signed on a yearly basis for the following project 
phases as well as a contract for maintenance-failure services after 
the project has been completed.
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).
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

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Weitere Storys: TUNC Holding AG