UTStarcom Strengthens Partnership With Chunghwa Telecom
HONG KONG, Oct. 21, 2014 (GLOBE NEWSWIRE) -- UTStarcom ("UTStarcom" or "the Company") (Nasdaq:UTSI), a global telecommunications infrastructure provider, today announced that the company has won an expansion of a contract originally awarded in 2013 to provide packet optical transport technology to Chunghwa Telecom Co., Ltd. ("Chunghwa" or "CHT"). Through this expanded contract, UTStarcom further strengthens its relationship with Chunghwa, a leading integrated telecommunications service provider in Taiwan, to enhance their mobile backhaul network.
The 4G LTE infrastructure upgrade is part of CHT's continuing effort to utilize the most advanced technologies to launch better and faster broadband service experience for the growing mobile users in Taiwan.
UTStarcom's NetRing® TN735 provides a unified platform to provide Legacy TDM and new data services over an all packet transport. TN735, together with other products in the TN portfolio, provide optimal network solutions at the aggregation and core layers of a mobile backhaul network and substantially reduce the operational cost.
"We are upgrading our LTE network to meet the ever-increasing expectations of our 10 million mobile subscribers," said Mr. Ruei-Chang Hsu, Vice President of Chunghwa Telecom. "Having a reliable vendor like UTStarcom with innovative leading-edge products that support our ambitious expansion plan is crucial for us."
"With the deployment of our TN735 and TN703, CHT will be able to launch new service to increasingly more subscribers with high-demand on mobility and provide them with a faster and more reliable mobile experience," said William Wong, Chief Executive Officer of UTStarcom. "Chunghwa Telecom is a very important customer for us, and we value the long-standing partnership with Chunghwa Telecom."
UTStarcom became an optical transport equipment supplier for Chunghwa in 2004 and has continued to improve the quality and stability of NetRing series products for Chunghwa annually. In October 2011, UTStarcom won multi-service transfer platform (MSTP) and first packet transport network commercial trial contract from Chunghwa, helping the service provider to better support its broadband service in Taiwan. In October 2012, the Company won a SDH and OXC network equipment and installation contract from Chunghwa to provide enhanced broadband services including NetRing® 40K Platform in Taiwan.
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; San Jose, USA; Delhi and Bangalore, India; Hangzhou, China. For more information about UTStarcom, please visit http://www.utstar.com.
This release includes forward-looking statements, including statements regarding the future market and applications of the Company's products and services. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These include risks and uncertainties regarding the effect of competitive and economic factors, and the Company's reactions to those factors, the Company's ability to execute its business plan and to manage regulatory matters and the risk factors identified in its latest Annual Report on Form 20-F and Current Reports on Form 6-K as filed with the Securities and Exchange Commission. The Company is in a period of transition and the conduct of its business is exposed to additional risks as a result. All forward-looking statements included in this release are based upon information available to the Company as of the date of this release, which may change, and UTStarcom assumes no obligation to update any such forward-looking statement.
CONTACT: For investor and media inquiries, please contact: Jane Zuo UTStarcom Holdings Corp. Tel: +852-3750-7632 Email: email@example.com Daniel DelRe (Hong Kong) Tel: +852-3768-4547 Email: Daniel.DelRe@fticonsulting.com Simona Kormanikova (New York) Tel: +1-212-850-5685 Email: Simona.Kormanikova@fticonsulting.com May Shen (Beijing) Tel: +86-10-8591-1951 Email: May.Shen@fticonsulting.com