LCC International Has Received Contract Extension on Saudi Telecom's Wireless Expansion
For Immediate Release
July 19, 2007
FOR IMMEDIATE RELEASE
LCC Contact:
Nancy Feeney
Director of Marketing Communications
and External Relations
nancy_feeney@lcc.com
+1 703.873.2077
LCC International Has Received Contract Extension on Saudi Telecom’s Wireless Expansion
MCLEAN, VIRGINIA, July 18, 2007 --LCC International, Inc., (NASDAQ: LCCI), a global leader in wireless voice and data turn-key services, announced today that it has been awarded a contract extension by Saudi Telecom (STC) to lead the Planning, Design and Engineering efforts to expand and further improve STC’s wireless infrastructure and services. The Scope of Work will cover 2G and 3G networks. The contract amounts to SAR 79.5mil (approximately $21.2 mil) to be completed by mid 2008, after which further extensions are expected to follow.
STC is one of the largest and fastest growing mobile operators within the Middle-Eastern region and has gained recognition for delivering advanced wireless services to keep pace with the demands from its increasing customer base. This contract extension will focus in particular on the expansion of the 3G services offered in the country.
“We are very pleased to have once again been selected by STC to provide engineering and design services to support their advancement of emerging wireless technologies,” says Dean Douglas, President and Chief Executive Officer, LCC International. “This contract extension is indicative of our relationship with the STC and exemplifies our commitment to providing the consulting services and engineering talents needed to maximize their wireless offerings.
About Saudi Telecom Co.
Saudi Telecom Co., also known as STC, is Saudi Arabia's pioneer telecommunications services provider, after the then Saudi Ministry of PTT. Established in 1998 as a new joint stock company, it provides both business and residential fixed line telephone, mobile and paging, and internet and data services. For more information on STC, (headquarters in Riyadh, Saudi Arabia), visit www.stc.com.sa.
About LCC International, Inc.
LCC International (NASDAQ: LCCI) is the recognized leader in providing wireless voice and data turn-key services to the telecommunications industry. Our service offering includes network services, business consulting, tools-based solutions, and training through our world-renowned Wireless Institute. The Company has worked with all major access technologies (including UMTS, EV-DO, HSDPA and WiMAX) and has participated in the success of some of the most sophisticated wireless systems in the world. LCC is unique in its ability to provide comprehensive turnkey services to wireless operators around the world. We bring local knowledge and global capabilities to our customers, offering innovative solutions, insight into cutting-edge developments and delivering solutions that increase business efficiencies. News and additional information are available at www.lcc.com.
Cautionary Note regarding forward-looking statements under the Private Securities Litigation Reform Act of 1995:
Information in this release regarding LCC’s expectations, beliefs, and intentions are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to LCC as of the date of this release, which may change, and LCC assumes no obligation to update any such forward-looking statement. These statements are not guarantees. Factors that could cause or contribute to differences from such expectations include, but are not limited to risks associated with international operations, challenges and costs arising from integration of new operations and other factors that may affect our business are discussed in LCC’s filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our quarterly reports on Form 10-Q.
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