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Zürich (euro adhoc) - Tunc Telekomünikasyon A.S., the Turkish subsidiary of Tunc
Holding AG, announces the conclusion of an agreement with Motorola (Buyukdere
cad. Harman sok. No. 4 Levent, 34330 Istanbul) about upgrading and expansion of
Vodafone´s GSM networks in Turkey. The Vodafone Turkey Project comprises the
upgrading of the existing GSM network and the implementation of new GSM network
systems. For the next five years the contract will be prolonged every year for a
period of another twelve months. The aim of Tunc Telekomünikasyon A.S. is to
obtain the assignment for implementing of more than 1000 of a total of 5500
sites Motorola has planned to implement. The expected value for the year 2008 is
about US $ 11 M. As agreed upon, Tunc Telekomünikasyon A.S has started the site
engineering and installation as well as supplying essential equipment already.
After finishing this assignment there could possibly follow an agreement about
service and maintenance work on the network.
Within the scope of the Vodafone Turkey Project, Tunc Telekomünikasyon A.S. has
also tendered service and maintenance work of electricity transmission lines,
infrastructure and air conditioning systems. An offer issued at the end of
January 2008 refers to Bursa, a Turkish region with 704 sites. Another offer
dated at 11.03.2008 refers to the region of Ankara with 918 sites. In case of a
commissioning the contract volume would be a total of US $ 3 M. per year.
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 tradet in the Open Market of Deutsche Börse
Frankfurt (ISIN: CH0036270582, WKN: A0M92R).
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: Telekommunikation
ISIN: CH0036270582
WKN: A0M92R
Börsen: Börse Frankfurt / Freiverkehr
end of announcement euro adhoc
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emitter: TUNC Holding AG
Nordstrasse 89
CH-8037 Zürich
phone: +41 44 200 28 30
FAX: +41 44 200 28 31
mail: info@tunc-holding.ch
WWW: www.tunc-holding.ch
sector: Telecommunications Equipment
ISIN: CH0036270582
indexes:
stockmarkets: free trade: Börse Frankfurt
language: English
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