UTStarcom Wins Two China Telecom Provincial IPTV Network Expansion ContractsFriday, February 10th, 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 today announced that it has won two new contracts to support IPTV network expansion with Fujian Telecom and Zhejiang Telecom, provincial subsidiaries of China Telecom (NYSE: CHA; Hong Kong:0728). As part of the Zhejiang Telecom contract, UTStarcom will build new IPTV 2.0 platforms in two Zhejiang cities, Wenzhou and Taizhou.
The Company will expand Fujian and Zhejiang Telecom’s simultaneous network capacities and storage capacities for their IPTV systems. Currently, UTStarcom serves nearly one million IPTV users in Fujian and approximately 650,000 IPTV users in Zhejiang.
“We are excited to have won these two contracts after a rigorous nationwide testing and bidding process,” UTStarcom President and CEO Mr. Jack Lu said. “We will continue to execute against our growth strategy of serving China’s telecommunications and cable customers in tandem. We are confident our IPTV platform will provide a solid foundation for the large scale deployment of China Telecom’s IPTV 3.0 standard and better server the newly announced 42 three network convergence trial cities in 2012.”
UTStarcom’s IPTV broadcasting control platform can support the content distribution functions of IPTV, iDTV and Internet TV in a secure environment. In 2010, the Company built six IPTV broadcast control platforms, one in each of Sichuan, Shenzhen, Beijing, Hubei, Hunan and Shandong which were successfully connected with the central-level platform.