TUNC Holding AG

Tunc Holding AG: Contract with Latelz Co Ltd. in Cambodia on 60 GSM sites

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electronics/industry/real estate/stock market/technology/telecommunication

Zürich (euro adhoc) - Delta Telecom Cambodia Ltd. (No: F17, Norodom Street. Sangkat Tonle Basac Khan Cham Karmor, Phnom Penh, Cambodia), a subsidiary of Tunc Telekomünikasyon A.S, has signed a contract with Latelz Co. Ltd. (Monivong Street IOC center 6th floor Room 5, Phnom Penh, Cambodia) on the 20th June 2008. The contract contains the installation and integration of 60 turnkey GSM sites in the year 2008. In the corporate news dated on 04th March 2008 it has already been reported about the tender for Cambodia which Tunc Telekomünikasyon A.S now has won. Decisions corresponding to the tenders for Burundi and Cambodia have not been made yet but Tunc Telekomünikasyon A.S is confident to be able to sign these contracts as well.

It is planned to integrate Delta Telecom Cambodia Ltd. into Tunc Holding AG if the company is able to establish itself in the Cambodian Market. The signed contract, however, is meant to continue so it is expected that the volume will increase in the following years. This indicates a first step for Delta Telecom Cambodia Ltd. to become an important player in a prospering market. Time Turns Telecom Company holds the GSM licenses for Laos, Cambodia and Burundi and has established Latelz Co. Ltd. to operate in Cambodia.

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
Bülent Recepoglu
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 Meldungen: TUNC Holding AG

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