This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

UTStarcom Announces Plans For Partnership With Korea's DASAN Networks

HONG KONG, March 19, 2014 /PRNewswire/ -- UTStarcom (NASDAQ: UTSI), a global telecommunications infrastructure provider, announced plans to partner with DASAN Networks of Korea to explore ways of collaborating that will help both companies bring competitive products to market that serve the increasingly complex needs of cable TV, mobile and telecommunications carriers.

The two companies signed a memorandum of understanding (MOU) at the Optical Fiber Conference (OFC) 2014 in San Francisco last week to explore a strategic partnership through which they could collaborate on the design, development, manufacturing and marketing of telecommunications infrastructure products. It stems from both companies' desire to create products that help carriers roll out new revenue generating services quickly and efficiently while significantly reducing expenses.

The MOU envisions a platform to leverage the companies' complementary technologies: UTStarcom's flagship MPLS-TP/Carrier Ethernet-based Packet Optical Transport products and Software Defined Networking (SDN) platform, and DASAN Network's Gigabit-capable Passive Optical Network (GPON) broadband access products. Combining these strengths would provide a complete connectivity solution -- from network core to end users -- for carriers all over the world operating metropolitan networks.

"UTStarcom and DASAN Networks share a vision to bring together the expertise of two companies at the forefront of their respective fields of telecommunications technology," said Mr. William Wong, UTStarcom's Chief Executive Officer. "It is a sign of our intention to share resources to create a new class of optical networking products and bring them to market faster than otherwise possible, helping both companies to enhance and maintain their market leadership."

Targeting New Markets with New Products

A key objective of this collaboration is to create a platform of products that will help both UTStarcom and DASAN Networks enter new markets worldwide. The United States is one of key target markets given the desire of its incumbent carriers to offer "4G" mobile products and Internet Protocol-based services. Also, a partnership with DASAN Networks could significantly bolster UTStarcom's presence in Korea where the world's highest Internet penetration is creating greater demands on carriers' networks.

UTStarcom has already stepped up engagement with prospective customers in new markets by showcasing its products at industry renowned events. At the OFC, for example, the company exhibited its latest Packet Optical Transport products and its proprietary SOO™ (Software-defined Open Optical network) Network platform encompassing SDN controller - SOO Station, SDN APPs - SOO Store and underlying network elements, both of which would support the collaboration with DASAN as envisioned by the MOU.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs