Dec. 6, 2011
/PRNewswire-Asia-FirstCall/ -- UTStarcom, Inc. ("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 entered into a strategic cooperation agreement with Beijing BDA Network and Information Co., Ltd. ("BBNI"）to provide broadband solutions and comprehensive telecom technology services for a new affordable housing development in
UTStarcom President and CEO Mr.
stated, "Beijing E-town's affordable housing development marks our first project with BBNI, which has shown full confidence in our solution-development and delivery capabilities given our considerable experience serving telecom and cable operators in
. The local
government believes it is important to continue investing in the modernization of infrastructure and residential developments and we are pleased to be a part of that process.
"Our solutions will enhance Beijing E-town's telecommunications network by expanding functionality at a low cost of entry. The success of this project will further strengthen our relationships and presence in
," added Mr. Lu.
The affordable housing development area spans a total of 12 square kilometers. Phase I construction of approximately 3.9 square kilometers, which is scheduled to begin in early 2012, will comprise 160 residential buildings with a capacity of 18,387 households. The rest of the area is expected to be fully developed with a mix of residential and commercial buildings in the coming years. UTStarcom will mainly provide Ethernet Passive Optical Network ("EPON") solutions, Packet Transport Network ("PTN") solutions and set-top boxes to support the construction of a high-quality and reliable communications network to enable users to enjoy audio, broadband and potentially even IPTV services.
BBNI was established by the Beijing Municipality to manage and operate broadband networks and telecommunication infrastructure construction of large-scale industrial projects and high-tech developments of the Beijing E-town area.