MONTREAL, Dec. 4 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige" or the "Company") (TSX-V: PR) announces that it is currently in the final stages of negotiating a number of major Master Services Agreements (MSAs) with new wireless entrants that will include Engineering, Aerial Construction and associated Installation and Technical Services.
These MSA agreements are a direct result of the Advanced Wireless Services ("AWS") spectrum auction and the subsequent announcements by the wireless telecommunications companies to build advanced wireless networks across Canada.
Pierre Yves Méthot, Chairman and CEO of Prestige commented, "We have already begun to provide services associated with these agreements on a purchase order basis and look forward to expanding our activities with our customers as the details regarding the full scope of services and timing for these services are finalized". Mr. Méthot added, "We expect to conclude these negotiations by the end of 2009 and once we complete these agreements we will provide updates on the scope of work included and the timing for these activities".
The rapid demand for wireless Internet access and other data services is being driven by new applications including music, broadcast, text messaging, video games, mobile healthcare, mobile TV, GPS, digital wallet and social networking. Network upgrades to advanced generation-3G and 4G-technology, and the deployment of this new technology and equipment are expected to drive double digit growth in wireless infrastructure spending across Canada. Increasingly, wireless carriers are outsourcing their communications site infrastructure needs in order to accelerate their network deployments and focus on their core competencies of driving customer growth through a combination of innovative service offerings and network capacity and performance.
About Prestige Telecom Inc.
Prestige Telecom is a leading provider of network engineering, materials furnishing, installation and support services (commonly referred to as EF&I services) required to construct, operate and maintain wireline, wireless and cable television networks. Prestige assists telecommunications original equipment manufacturers and service providers to engineer, install and upgrade their infrastructures to support enhanced voice, high speed data and video services. Prestige Telecom also provides technical and aerial services to the Canadian communications and broadcast industries, including tower supply, engineering, site construction, and infrastructure and equipment maintenance.
In Canada, Prestige has over 900 professional and technical personnel operating from sixteen service locations in eight (8) provinces. Prestige's head office is located in Baie d'Urfé (Montreal), Quebec.
This press release contains certain forward-looking statements with respect to the Company. Such forward-looking statements are dependent upon a certain number of factors and are subject to risks and uncertainties. Management does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events, except when required by the regulatory authorities.
Note to readers: Complete unaudited consolidated financial statements and Management's Discussion & Analysis of Financial Position and Operating Results were posted on SEDAR and are available at www.sedar.com.
The TSX Venture Exchange accepts no responsibility for the adequacy or
the accuracy of this press release
SOURCE PRESTIGE TELECOM INC.
For further information: For further information: Pierre Yves Méthot, Chairman and Chief Executive Officer, Prestige Telecom Inc., (514) 457-4488, Ext. 277, firstname.lastname@example.org, www.prestige-tel.com