Feb. 10, 2011
/PRNewswire-Asia-FirstCall/ -- 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. As part of the Zhejiang Telecom contract, UTStarcom will build new IPTV 2.0 platforms in two
cities, Wenzhou and Taizhou.
The Company will expand
and Zhejiang Telecom's simultaneous network capacities and storage capacities for their IPTV systems. Currently, UTStarcom serves nearly one million IPTV users in
and approximately 650,000 IPTV users in
"We are excited to have won these two contracts after a rigorous nationwide testing and bidding process," UTStarcom President and CEO Mr.
said. "We will continue to execute against our growth strategy of serving
'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
which were successfully connected with the central-level platform.
About UTStarcom Holdings Corp.
UTStarcom is a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators. The Company sells its solutions to operators in both emerging and established telecommunications and cable markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks.