UTStarcom Wins Major Contract Extension in India
HONG KONG, April 7, 2015 (GLOBE NEWSWIRE) -- UTStarcom (Nasdaq:UTSI), a global telecommunications infrastructure provider, today announced that the company has been awarded a significant three year contract extension to support a major network enhancement for the largest national wireline carrier in India, Bharat Sanchar Nigam Ltd. (BSNL). This reinforces the strength of UTStarcom's advanced efficient and reliable broadband infrastructure solutions.
This is an extension order for maintenance of BSNL broadband services with UTStarcom supplied products including B1000 IPDSLAM, RPR, EMS, LAN switches, BNGs, and various applications like AAA, SSSC and SSSS. UTStarcom will supply and maintain BSNL Multiplay, the broadband triple play network for the next three years till 2018.
"We are delighted to build on the success of our partnership with BSNL, and we are excited to play a key role in an effort to support the rollout of its "Multiplay" broadband Internet service, by offering our robust portfolio of advanced yet affordable telecom infrastructure solutions," said William Wong, UTStarcom's Chief Executive Officer. "As a leading telecom infrastructure provider, we plan to extend our efforts significantly in the year 2015 and will work with Indian telecom operators, system integrators and the government to address the needs of Indian government's initiatives to build up Digital India."
"We are dedicated to serve our customers by providing affordable and innovative telecom services," said Mr. N.K.Gupta, Board Director (Consumer Fixed and Mobility) of BSNL. "We value this opportunity to further deepen our relationship with our decade old partner "UTStarcom" that enable us to continue the transformation of our broadband & fixed line network for next few years."
UTStarcom has become a broadband equipment service supplier of BSNL for years. In March 2014, UTStarcom won multi-service access network (MSAN) equipment and support design, engineering and installation for BSNL, helping the service provider to upgrade its network to offer Next Generation Multi-Media Services to its customers.
This is the latest project for UTStarcom in India, a market where it already holds about 35% share for broadband Internet network equipment. This contract shows the competitiveness of UTStarcom's broadband technology, and bolsters UTStarcom's strong position in India, which has always been an important market for UTStarcom and its market-leading broadband equipment. Recently, UTStarcom showcased its advanced broadband and optical network infrastructure technologies offering at Convergence India and announced its plan to support government initiatives like Smart Cities, NOFN, and Wi-Fi deployments with UTStarcom's transport, aggregation and access networking solutions.
About UTStarcom Holdings Corp.
UTStarcom (Nasdaq:UTSI) is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. We work with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. The company's end-to-end broadband product portfolio, enhanced through in-house Software Defined Networking (SDN)-based orchestration, enables mobile and fixed-line network operators and enterprises worldwide to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. Our strategic investments in media operational support service providers expand UTStarcom's capabilities in the field of next generation video platforms. UTStarcom was founded in 1991, started trading on NASDAQ in 2000, and has operating entities in Tokyo, Japan; Fremont, USA; Hangzhou, China; Delhi and Bangalore, India. For more information about UTStarcom, please visit http://www.utstar.com.
For investor and media inquiries, please contact:
CONTACT: For investor and media inquiries, please contact: Jiang Ning UTStarcom Holdings Corp. Tel: +852-3951-9757 Email: email@example.com Joanna Jiang (Beijing) Tel: +86-10-8591-1958 Email: Joanna.Jiang@fticonsulting.com Sean Pattwell (Hong Kong) Tel: +852-3768-4543 Email: Sean.Pattwell@fticonsulting.com