CALIFORNIA, Oct. 18, 2012 /PRNewswire/ -- UTStarcom Holdings Corp. ("UTStarcom" or the "Company") (NASDAQ: UTSI), a leading provider of broadband equipment and solutions, today announced that it has recently won a Synchronous Digital Hierarchy (SDH) and Optical Cross-Connect (OXC) network equipment and installation contract from Chunghwa Telecom Co., Ltd. ("Chunghwa"), a leading integrated telecommunications service provider in Taiwan. Specifically, UTStarcom will provide its transport network solution NetRing® 40K products to deliver high-speed broadband services to Chunghwa subscribers across Taiwan beginning in the first quarter of 2013.
"We are very pleased to be able to provide additional value to Chunghwa, a long-standing customer," said William Wong, Chief Executive Officer of UTStarcom. "This agreement for additional products and services reaffirms our focus on IP-based services and key infrastructure products in the Asia Pacific market. Taiwan is an important market for UTStarcom, and we will continue to leverage our success and high customer satisfaction in neighboring markets like Japan as we look to expand our presence in Taiwan and across the region more broadly. We believe this expanded partnership with Chunghwa will help us develop additional customer relationships in the Asia Pacific region."
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 (PTN) commercial trial contract from Chunghwa, helping the service provider to better support its broadband service in Taiwan.
The NetRing® 40K Platform is a versatile, next-generation optical platform designed to simplify service provider networks by combining functions of several different legacy products into a single platform. Capable of supporting up to 40G interfaces, this platform can dramatically reduce capital and operational expenses for service providers.