updated 12/9/2010 7:16:41 AM ET 2010-12-09T12:16:41

BLUE BELL, Pa., Dec. 9, 2010 (GLOBE NEWSWIRE) -- UniTek Global Services, Inc. ("UniTek" or the "Company") (Nasdaq:UNTK), a premier provider of permanently outsourced infrastructure services to the wireless and wireline telecommunications, broadband cable and satellite television industries, today announced that its subsidiary, UniTek Canada, has been awarded a multi-million dollar contract to provide fiber-to-the-home (FTTH) engineering and construction services to over 85,000 homes on behalf of Bell Aliant, a leading Canadian telecommunications provider. The contract was awarded in late July following a competitive bidding process and is part of a $350 million capital investment that will provide FTTH connectivity to more than 600,000 homes throughout Canada by 2012. Work under this contract began in the third quarter of 2010.

"We are excited to have been chosen by Bell Aliant as a key partner in this significant fiber build," said Scott Hisey, CEO of UniTek Global Services. "With a solid track record of building FTTH services throughout North America, we look forward to sharing our expertise to support Aliant's FibreOP program. Our capabilities fit well with Bell Aliant's innovative deployment plans, and we are pleased to add another industry leader to UniTek's premier customer base."

"UniTek has a long-standing reputation as a premier supplier of FTTH services to telecommunications carriers throughout North America. Their solutions are ideal for this network expansion and for the broader Canadian communications sector as its infrastructure continues to evolve," added Chuck Hartlen, Sr. VP Customer Experience of Bell Aliant. "We look forward to a productive partnership."

About Bell Aliant:

Bell Aliant (TSX:BA-UN) is one of North America's largest regional communications providers and the first company in Canada to cover an entire city with fibre-to-the-home (FTTH) technology with its FibreOP™ services. Through its operating entities it serves customers in six Canadian provinces with innovative information, communication and technology services including voice, data, Internet, video and value-added business solutions. Through its xwave offices, Bell Aliant also provides IT professional services and advanced technology solutions. Bell Aliant's employees deliver the highest quality of customer service, choice and convenience.

About UniTek Global Services:

UniTek Global Services is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless and satellite industries. UniTek has created a scalable operating platform, enabling each UniTek subsidiary to deliver quality services to its Fortune 200 customers. UniTek, based in Blue Bell, PA, utilizes a diverse workforce of over 5,200 deployed in over 102 locations in the United States and Canada. www.unitekgs.com

Forward Looking Statements

The Company may from time to time make written or oral "Forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission. These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. These risks and uncertainties include the risk that the registration statement never becomes effective and we are not able to conduct any offering of securities in connections with the registration statement, as well as other risk factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward looking statement, whether written or oral, which may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.

CONTACT:  UniTek Canada
          Kevin Peters, Chief Executive Officer

          The Piacente Group, Inc. 
          Investor Contact:
          Investor Relations
          Kristen McNally
          Lee Roth
          (212) 481-2050

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com