MONTREAL, Dec. 2 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige" or the "Company") (TSX-V: PR) is pleased to announce a strategic partnership with Santerre Electrique, a division of Groupe Santerre ("Santerre"), resulting in the signing of a $31 million contract with Hydro-Québec for the upgrade of their telecom network.
This two-year contract calls for Prestige and Santerre to provide Hydro-Québec with combined services associated to the upgrade of their telecom network from analog to digital throughout the west and east corridors. More specifically, Prestige and Santerre will provide combined services of tower site design and construction, including electrical, engineering, civil works, construction services, technical and installation support, tower supply, tower maintenance and project management.
"We are pleased by this vote of confidence from Hydro-Québec and look forward to working with Santerre," mentioned Pierre Yves Méthot, Chairman and CEO of Prestige. "Our combined expertise and knowledge gives us the opportunity to offer quality oriented solutions to Hydro-Québec," added Mr. Méthot.
About Groupe Santerre
Santerre Electrique, a division of Groupe Santerre has nearly 30 years of experience under its belt, supported by 150 employees. A leader in the Quebec North Shore area, Santerre offers construction, repair and maintenance electrical services for the residential, commercial, institutional and industrial sectors. Santerre's head office is located in Baie-Comeau with additional branches in Port-Cartier and Sacré-Coeur.
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.
Prestige has over 1,000 professional and technical personnel. In Canada, Prestige operates from 19 service locations in 9 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.
The TSX Venture Exchange accepts no responsibility for the adequacy or the accuracy of this press release.
For further information: For further information:
Maryanne Golden, Director - Corporate Affairs of Prestige at (514) 457-4488, Ext. 273. www.prestigetel.com