Tunc Holding AG: Contract with an estimated value of US $ 12 m with Huawei Technologies in Kuwait
Zürich (euro adhoc) -
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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