Tunc Holding AG: Tender for Huawei for GSM network of Saudi Telecom Company

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Zürich (euro adhoc) - Tunc Telekomünikasyon A.S., the Turkish
subsidiary of Tunc Holding AG, has bid for operations on the GSM
network of Saudia Telecom Company (STC, www.stc.com.sa) in Kuwait, on
request of Huawei Technologies (Street No.18, No. 14, Jabra No.10,
Kuwait, www.huawei.com). Huawei has been assigned to implement new
GSM networks in Kuwait in the scope of the so called STC 3rd licence
project. The whole project has an estimated volume of US $ 25 M. In
consequence of the tender Tunc Telekomünikasyon A.S. expects to get
20% of the project which would have an approximate value of US $ 4,8
M.

After the tendering on 24th of February 2008 meetings took place
between Adnan Babaoglu (Technical Planning and Projects Coordinator
of Tunc Telekomünikasyon A.S.) and Liu Wandong (Middle East & North
Africa Region Procurement & Certification Director of Huawei) as well
as Make Ma (Middle East Region Kuwait Representative Office
Procurement of Huawei) on the 7th and 12th of March. The next steps
of the STC project were discussed. In particular delivery time,
number of required field service personnel and the price for Tunc
Telekomünikasyon A.S.´s services were dealt with.

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
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ots Originaltext: TUNC Holding AG
Im Internet recherchierbar: http://www.presseportal.de

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

Branche: Telecommunications Equipment
ISIN: CH0036270582
WKN: A0M92R
Börsen: Börse Frankfurt / free trade