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Tunc Holding AG : Contract with an estimated value of US $ 7 m with Alcatel Cit & Lucent in Saudi Arabia

Zürich (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
electronics/heavy 
construction/industry/shares/technology/telecommunication
ATMC Co. (King Abdulaziz St. Cross 10 Al Lokman
Building 4th floor No:14, www.atmc-telecom.com) the subsiadiary of 
Tunc Holding AG in Saudi Arabia has signed a new contract with 
Alcatel Cit & Lucent on 27th May 2008. (Tahran Street, Al - Diwan 
Building, PO Box 2122, Al - Khobar, 31952, KSA www.alcatel.com). The 
agreement is part of a project of Alcatel Cit & Lucent about 
implementation of new GSM network in Saudi Arabia. The contract 
comprises a value of US $ 7 m. It contains turnkey services, civil 
work for base transceiver system sites and infrastructure services. 
At the first stage ATMC Co. is going to start building 40 sites with 
estimated value of US $ 3 m. It is expected ATMC Co. to built 100 
sites with estimated value of US $ 7 m. in 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

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