Zapp continued investment in network expansion and upgrade

Zapp improved the coverage and the capacity of its CDMA450 network. Phase 4 of the expansion and upgrade of the Zapp network leads to the coverage of 87% of the Romanian territory and 90% of the population. Thus, the Zapp network covers 240 cities, 6,300 km of national roads and 1,500 localities.

"We continue investments in expanding and upgrading our network to offer subscribers quality services wherever they need them. Last year we invested over $50 million for Phase 3 of network development and we continue investment in this field in 2005 to cover 87% of the territory and 90% of the national population," said Cuneyt Turktan, President of the Zapp Board.

Investment in the network will be funded, among other sources, from the $94 million financing package obtained by Zapp earlier this year. The financing will allow Zapp to sustain its growth, both in terms of network deployment and subscribers.

The loan was granted, among other criteria, due to the company's excellent performance, ever since the first mobile communications service based on CDMA450 technology was launched. The company posted a spectacular turnover evolution, year on year: from $14 million in 2002, to $52 million in 2003 and to $93 million in 2004.

About Zapp
Zapp (www.zapp.ro) is the sole mobile telephony operator in Romania that provides full voice and data communication services, based on the next generation network (CDMA2000 1x in the 450 MHz band). CDMA, one of the world's most advanced wireless technologies, is being developed and commercially operated by U.S.-based company Qualcomm. Zapp's main shareholder is Inquam Limited, the international company providing services in the field of mobile communications networks. The significant shareholders of Inquam are QUALCOMM, world leader on the market of CDMA-based mobile digital products and services, and the investment fund Omnia Holdings LTD, located in the Middle East.

For additional details, please contact:
E-mail: pr@zapp.ro

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