LCC International Has Been Selected to Lead Saudi Telecom's 3G Wireless Transition
For Immediate Release
June 26, 2006
FOR IMMEDIATE RELEASE
LCC Contact:
Kenny Young
Senior Vice President and Chief Marketing Officer
kenny_young@lcc.com
+1.703.873.2075
LCC International Has Been Selected to Lead Saudi Telecom’s 3G Wireless Transition
MCLEAN, VIRGINIA, June 26, 2006 --LCC International, Inc., (NASDAQ: LCCI), a global leader in wireless voice and data turn-key services, announced today that it has been awarded by Saudi Telecom (STC) a 24 month contract extension to lead the design and engineering efforts to transform STC’s wireless infrastructure into a world class 3G network. The first installment under this extension amounts to SAR 65mil (approximately $17.3 mil) to be completed by 4th Qtr 2006, 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 serve as the cornerstone for advancing 3G wireless services within the region as high capacity content and applications are being launched throughout Middle-Eastern wireless networks.
“We are pleased to have been chosen by STC to provide 3G engineering and design services to support their advancement of emerging wireless technologies.” says Carlo Baravalle, sr. vice president, LCC International. “This agreement solidifies and reflects our strength in providing strategic consulting services and tools that assist wireless carriers and content companies in maximizing and leveraging the potential that 3G wireless offer.”
This renewal is consistent with LCC International’s previously announced strategy to deliver consultation, engineering services and various tools focused on WiMAX, Broadband, UMTS and HSPDA technologies. “LCC continues to play a key ‘think-tank’ role for our wireless and mobile content customers” reflects Dean Douglas, CEO, LCC International. “We are pleased to have received a 24 month extension to our current agreement with STC in support of their efforts to migrate towards 3G technologies. It is indicative of the relationship and value we have brought to STC and look forward to continuing our efforts with STC for years to come.”
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 http://www.stc.com.sa.
About LCC International, Inc.
LCC International, Inc. is a global leader in voice and data design, deployment and management solutions to the wireless telecommunications industry. The Company has worked with all major access technologies and has participated in the success of some of the largest and most sophisticated wireless systems in the world. Through an integrated set of technical business consulting, training, design, deployment, operations and maintenance services, LCC is unique in its ability to provide comprehensive turnkey services to wireless operators around the world. 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. These statements include statements about LCC’s expected release of product and service offerings or expectations of receiving awards of additional business from current or prospective clients. 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, delays in the development, commercialization or market acceptance of new offerings 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.
