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TheStreet Open House

UTStarcom Wins Sri Lanka Telecom IPTV Expansion Contact

BEIJING, June 14, 2012 /PRNewswire-Asia/ -- 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 Sri Lanka Telecom ("SLT"), Sri Lanka's leading integrated communications, broadband and backbone infrastructure services provider, to supply set-top boxes for the telecom operator's IPTV system expansion.

UTStarcom's set-top boxes, which are part of the Company's RollingStream® end-to-end IPTV solution, will enable SLT to provide a number of interactive media services, including Live HDTV, Time Shift TV and Video-on-Demand, to its customers.

"This contract is our second big win in the Sri Lankan market in the last eight months," said UTStarcom's President and Chief Executive Officer, Mr. Jack Lu. Mr. Lu continued, "it reinforces our leading presence in Sri Lanka and enhances our market position in the Asia-Pacific region. We have provided IPTV solutions to SLT since 2008 and, under this contract, will further support the client's IPTV system expansion. Our cost-effective set-top boxes will allow SLT to deliver a rich and diverse range of interactive media services across a number of devices, which we believe will attract new IPTV users and expand SLT's customer base."

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.

The Company was founded in 1991 and listed on the NASDAQ in 2000. In 2011 with a new management team, the Company revamped its growth strategy to focus on providing media operation support services through its Video Service Cloud (VSC) platform. UTStarcom has its operational headquarters in Beijing, China and research and development operations in China and India. For more information about UTStarcom, visit the Company's Web site at http://www.utstar.com.

About Sri Lanka Telecom



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