BEIJING, April 12, 2012 /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, announced today that it has won a contract from Chongqing Radio and Television Group to build an integrated IPTV broadcasting control platform. Chongqing, one of the largest municipalities in China, is the first of the 42 new trial cities to award a contract to an IPTV solution provider. The new broadcasting control platform can support the content management and distribution needs of IPTV, Internet TV and mobile TV.
"This is a significant win for us as we were awarded the contract only after an exhaustive bidding process between six solution providers and nationwide testing of our platform's capabilities," said UTStarcom President and CEO Mr. Jack Lu. "Our RollingStream® technology system will provide Chongqing Radio and Television Group with a digital, high-definition and bi-directional IPTV broadcasting control platform that will enhance the IPTV services they provide to subscribers. The platform will continue to expand as IPTV household subscribers continue to increase in Chongqing city and throughout the regional counties and districts that comprise Chongqing municipality."
Mr. Lu continued, "This win in Chongqing strengthens our position in China's IPTV market. We believe that an increasing number of IPTV broadcasting platform tenders across the country reflects steady progress of China's three network convergence policy. We are well positioned to gain a significant share of the 42 trial cities, which will enable us to capture additional business opportunities from the national rollout expected to take place from 2013 to 2015."Since 2010, UTStarcom has built nine IPTV broadcast control platforms across China, specifically in Beijing, Hubei, Hunan, Shandong, Shenzhen, Sichuan, Tianjin, Zhejiang and now Chongqing. The Company will deliver a packaged solution that includes software and infrastructure development, content delivery network (CDN) support, and IPTV, Internet TV and mobile TV integration support.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV