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TUNC Holding AG

Tunc Holding AG: Contract with an estimated value of US $ 12 m with Huawei Technologies in Kuwait

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
Tunc Telekokmünikasyon A.S. - the Türkish
subsidiary of Tunc Holding AG - has signed a contract with Huawei 
Technologies (Street no. 18, No 14, Jabra No. 10, Kuwait, 
www.huawei.com) on the collaboration for implementation of new GSM 
networks in Kuwait in the scope of the so called STC 3rd license 
project. So the company´s offer given to Huawei this March was 
accepted (cp. Corporate News of 03/14/08)
The contract comprises a value of US $ 12 m. It contains turnkey 
services, civil work for base transceiver system sites, 
infrastructure services, telecom implementation and comissioning 
services. At the first stage Tunc Telekomünikasyon A.S. is going to 
start building 40 sites with an estimated value of US $ 3 m. It is 
expected that Tunc Telekomünikasyon A.S. is going to build 150 sites 
with an estimated value of US $ 12 m in the scope of the project.
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

Weitere Storys: TUNC Holding AG
Weitere Storys: TUNC Holding AG