UTStarcom Announces Business Development in India
HONG KONG, Dec. 18, 2017 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced significant milestones in its effort to develop its business in India, including important customer wins and outsourcing of product manufacturing to local manufacturer.
UTStarcom's Chief Executive Officer Tim Ti commented, “Demand is rising rapidly for modern broadband services in the Indian telecom market. This demand is fueling healthy competition, which drives continuous modernization and the use of innovative yet cost-effective solutions. We believe our recent contract wins in India demonstrate that we are recognized for our high quality products and cost-effective carrier-grade telecom solutions. We are pleased that BSNL and other customers also recognize our long-term commitment to their market, which ensures them a steady flow of technically advanced products for years to come.”
Tim continued, “Our commitment goes beyond just selling in India, to outsourced manufacturing in India. We fully embrace the ‘Make in India’ campaign, and are excited to be partnering with local manufacturing firms to produce our equipment in India.”
The company’s major recent wins include several projects with its major strategic customer, Bharat Sanchar Nigam Limited (“BSNL”). BSNL is one of the largest public sector companies providing a comprehensive range of telecom services in India. The project wins with BSNL include:
- BSNL’s nationwide Wi-Fi hotspot network including Wi-Fi offload - UTStarcom will supply major components of the Carrier Wi-Fi network to Himachal Futuristic Communications Ltd. (HFCL), which is the System Integrator to BSNL in this project
- BSNL’s MPLS-TP-based Converged Packet Access Network (CPAN) equipment of various capacities - The Packet Access Network equipment is used in the aggregation of traffic across the BSNL Network. UTStarcom will serve as a System Integrator in this project
- A new turnkey signaling solution with FMNP functionality-compliant SSTP nodes - The project envisions a large capacity system with planning, engineering, supply, installation, testing, commissioning and migration of all network elements to the new system. UTStarcom will supply its large capacity Signaling Gateway, software and servers
UTStarcom’s Managing Director of Sales & Marketing in India, Rahul Pandey stated: “Most of these project wins are on a turnkey basis involving a variety of products and range of services. UTStarcom not only supplies its own products as well as third party equipment as needed, but also assumes the role of a system integrator. Our strong local team in India supported by our headquarters team ensures timely delivery and smooth implementation of projects.”
Mr. Anupam Srivastava, Chairman and Managing Director of BSNL, commented: “UTStarcom is a strong player in the India telecom market with a solid product portfolio that is suited to our core business. Most importantly, as we witnessed over the course of many years of cooperation, UTStarcom is a reliable partner that comes with cost effective and good quality solutions which fits into the business needs of BSNL. We wish UTStarcom be partner in realizing long term vision of BSNL.”
About UTStarcom Holdings Corp.
UTStarcom 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 Hong Kong; Tokyo, Japan; San Jose, USA; Delhi and Bangalore, India; Hangzhou and China. For more information about UTStarcom, please visit http://www.utstar.com.
Bharat Sanchar Nigam Ltd. was incorporated on 15th September 2000. It took over the business of providing of telecom services and network management from the erstwhile Central Government Departments of Telecom Services (DTS) and Telecom Operations (DTO), with effect from October 1st 2000 on going concern basis. It is one of the largest & leading public sector units providing comprehensive range of telecom services in India. BSNL has installed Quality Telecom Network in the country and now focusing on improving it, expanding the network, introducing new telecom services with ICT applications in villages and winning customer's confidence. BSNL is one of major service providers in its license area. The company offers wide ranging and most transparent tariff schemes designed to suit every customer. BSNL has set up a world class multi-gigabit, multi-protocol convergent IP infrastructure that provides convergent services like voice, data and video through the same Backbone and Broadband Access Network. The company has vast experience in planning, installation, network integration and maintenance of switching and transmission networks and also has a world class ISO 9000 certified Telecom Training Institute.
For investor and media inquiries, please contact:
UTStarcom Holdings Corp.
Ms. Fei Wang, Director of Investor Relations
Ms. Ning Jiang, Investor Relations
In the United States:
The Blueshirt Group
Mr. Ralph Fong
Tel: +1 (415) 489-2195