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TUNC Holding AG

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

Zürich (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
electronics/industry/real estate/stock 
market/technology/telecommunication
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).
end of announcement                               euro adhoc

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 Storys: TUNC Holding AG
Weitere Storys: TUNC Holding AG