(Registrieren)

AMITELO contracts ZTE with the building of a network in Iceland

Geschrieben am 18-12-2007

AMITELO AG will carry out the construction and financing of the GSM
network in
Iceland with the worldwide operating Chinese ZTE
Corporation


--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------


investments

Zürich (euro adhoc) - Zurich 18th December 2007. AMITELO AG will
construct the GSM-1800-Network in Iceland in corporation with the
internationally operating ZTE Corporation in Shenzhen, China.

The ZTE Corporation will hand over the network equipment to Amitelo
according to supply contract and in course of the development of a
mobile phone infrastructure in 2008. ZTE is also financing the
largest part of the project in the form of a supplier's credit
amounting to around 7 m EUR. After start of operations at the
beginning of third quarter of 2008 in the capital Reykjavik, the
construction of the network will have been finished by the mid of
2009.

The project in Iceland is expected to generate a turnover of
estimated 4 m EUR in 2008. By developing the network construction
further and finalising the construction work in 2009, turnover should
be raised significantly in 2009 (estimated 10 m. EUR) and 2010
(estimated around 15 m EUR.) With EBITDA-margin of well over 30%,
Amitelo manages to open a highly profitable growth sector.

"We are convinced we can develop new and significant potential from
our entering the mobile phone market as a network operator. The
diversity of mobile applications such as "Mobile Content" and
"Ticketing" as well as the possibility to offer products and services
beyond the boarders of Iceland increases our prospects there
considerably. The development of a GSM-network in Iceland is
therewith currently the most important and most exciting AMITELO
project. The collaboration with Global Player ZTE is an
acknowledgement for our work within the last months, and a logical
consequence of a powerful new start. Through the ZTE Corporation
secure financing we gain safety for planning and see this gesture as
a signal of trust" says Jan Malkus CEO of the AMITELO AG management
group

"For the ZTE Corporation the collaboration with AMITELO AG means a
welcomed opportunity to become active using our Know-How in a highly
developed European technology market. Our partner AMITELO AG
persuaded us from the start with professionalism and by having a
clear vision for the project in Iceland. The joint implementation and
financing are an expression of our persuasion that the construction
and operation of the GSM-Network in Iceland will be a success. "We
look forward to further joint projects with AMITELO AG already", says
Dr. Zhigang Zhang, Managing Director of ZTE Deutschland GmbH.

About ZTE Corporation: ZTE is a global leading provider of
telecommunications technology and network solutions. The company
offers array of products worldwide covering practically every market
segment for fixed line networks, mobile phone networks and mobile
phone devices. ZTE delivers innovative, customised products in over
100 countries important for the future of worldwide communications.
Around ten percent of ZTE yearly turnover is invested in research and
development. In addition, the company plays an important role for
many international bodies for the development of new
telecommunication standards. ZTE is the fastest growing provider for
telecommunications technology in the world and China's only
telecommunications supplier listed on the stock exchange. The company
shares are traded on the Schenzhen and Hong Kong stock exchange. ZTE
is the only Chinese ICT-manufacturer, included in the Business Week
2005 "Information Technology 100" list.

About AMITELO AG: The AMITELO AG (www.amitelo.ag) is an
internationally active, innovative technology company based in
Zurich that is involved in fast-growing telecommunications
areas including mobile phone services. To this end, AMITELO AG
follows an assertive growth strategy, in which organic and
inorganic developments are closely linked to one another and
contribute collectively to the achievement of the company's own
goals regarding revenue and output.

Contact:

AMITELO AG
Investor Relations
ir@amitelo.ag[pic]


end of announcement euro adhoc
--------------------------------------------------------------------------------


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

Further inquiry note:

Contact:



AMITELO AG

Investor Relations

ir@amitelo.ag

Branche: Telecommunications Equipment
ISIN: CH0003307706
WKN: A0F5YA
Börsen: Börse Frankfurt / free trade/entry standard


Kontaktinformationen:

Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.

Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.

Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.

http://www.bankkaufmann.com/topics.html

Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.

@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf

E-Mail: media(at)at-symbol.de

111096

weitere Artikel:
  • CEO & neues Management bereiten Markteinführung für 2008 vor Bellevue, Washington (ots/PRNewswire) - SKRM Interactive, Inc. (OTC Bulletin Board: SKMI; Frankfurt: "4SR") gab heute seinen Investoren bekannt, dass die Fusion erfolgreich verlaufen sei und dass SKRM Interactive mit dem zu Ende gehenden Jahr sein Erscheinungsbild ändern und eine neue Richtung einschlagen werde. Das Unternehmen rüstet sich, um 2008 alles bieten zu können, was Sector10 zuvor im Angebot hatte. http://www.sector10.com Der Vorstandsvorsitzende, Pericles DeAvila, gab ausserdem bekannt, dass der Vorstand sich entschieden habe, mehr...

  • Express Newspapers, eines der grössten Zeitungshäuser in Grossbritannien, entscheidet sich für Woodwing Zaandam, Niederlande (ots/PRNewswire) - WoodWing Software soll in Zukunft für das britische Verlagshaus Express Newspapers das System "Smart Connection Enterprise" als Redaktionsplattform für den Daily Express, den Daily Star, das Ok! Magazine und verschiedene andere Publikationen bereitstellen. Mit einer täglichen Durchschnittsauflage von nahezu zwei Million Exemplaren ist Express Newspapers einer der grössten Zeitungsverleger im Vereinigten Königreich. Nach einer sorgfältigen Auswertung der wichtigsten Anbieter von Redaktionslösungen mehr...

  • euro adhoc: Andritz AG / other / Andritz VA TECH HYDRO receives major orders from India -------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 19.12.2007 Andritz VA TECH HYDRO, a member of technology group Andritz, received orders for hydropower station equipment in the amount of approximately 210 million Euros via its Indian affiliates VA TECH HYDRO India Pvt. Ltd., Bhopal and VA TECH ESCHER WYSS Flovel mehr...

  • aleo solar AG sichert sich für 2008 über 45 Millionen Euro vom spanischen Solar-Kuchen -------------------------------------------------------------------------------- ots.CorporateNews übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt der Mitteilung ist das Unternehmen verantwortlich. -------------------------------------------------------------------------------- Unternehmen Prenzlau/Oldenburg (euro adhoc) - Die aleo solar AG hat sich erneut Großaufträge aus Spanien gesichert: Mehrere Projektentwickler haben aleo-Module im Gesamtwert von mehr als 45 Mio. Euro geordert. Realisiert mehr...

  • aleo solar AG secures solar market share in excess of EUR 45 million in Spain for 2008 -------------------------------------------------------------------------------- ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- companies Prenzlau/Oldenburg (euro adhoc) - aleo solar AG has announced that several Spanish project developers have ordered aleo modules worth a total of over EUR 45 million. Their large-scale projects will mainly involve solar farms on open land, which attract high mehr...

Mehr zu dem Thema Finanzen

Der meistgelesene Artikel zu dem Thema:

Century Casinos wurde in Russell 2000 Index aufgenommen

durchschnittliche Punktzahl: 0
Stimmen: 0

Bitte nehmen Sie sich einen Augenblick Zeit, diesen Artikel zu bewerten:

Exzellent
Sehr gut
gut
normal
schlecht