UTStarcom Wins Sri Lanka Telecom IPTV Expansion ContactThursday, June 14th, 2012
BEIJING — UTStarcom Holdings Corp. (“UTStarcom” or the “Company”) (Nasdaq: UTSI), a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators, announced today that it has won a contract from Sri Lanka Telecom (“SLT”), Sri Lanka’s leading integrated communications, broadband and backbone infrastructure services provider, to supply set-top boxes for the telecom operator’s IPTV system expansion.
UTStarcom’s set-top boxes, which are part of the Company’s RollingStream® end-to-end IPTV solution, will enable SLT to provide a number of interactive media services, including Live HDTV, Time Shift TV and Video-on-Demand, to its customers.
“This contract is our second big win in the Sri Lankan market in the last eight months,” said UTStarcom’s President and Chief Executive Officer, Mr. Jack Lu. Mr. Lu continued, “it reinforces our leading presence in Sri Lanka and enhances our market position in the Asia-Pacific region. We have provided IPTV solutions to SLT since 2008 and, under this contract, will further support the client’s IPTV system expansion. Our cost-effective set-top boxes will allow SLT to deliver a rich and diverse range of interactive media services across a number of devices, which we believe will attract new IPTV users and expand SLT’s customer base.”