Tunc Holding AG : Contract with an estimated value of US $ 7 m with Alcatel Cit & Lucent in Saudi Arabia
Zürich (euro adhoc) -
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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