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

UTStarcom Reaches $250 Million In Sales Of Core Broadband Product

HONG KONG, April 14, 2014 /PRNewswire/ -- UTStarcom (NASDAQ: UTSI), a global telecommunications infrastructure provider, has achieved a critical sales milestone for its packet optical transport products, the core of its broadband business, on the back of growing sales to customers in Asia and the Americas.

The Company announced today that it has sold over $250 million of packet optical transport products that form the backbone of telecommunications network infrastructure.

This milestone highlights the competiveness of UTStarcom's growing suite of packet optical transport products based on Multi Protocol Label Switch Transport Profile (MPLS-TP) and Carrier Ethernet (CE) technologies. UTStarcom has designed these products so that they are easy to deploy, improve network efficiency and support the roll-out of value added services on '4G' and 'next generation' networks. The company has recently announced sales of these products to national carriers in Japan, Taiwan, Brazil, Indonesia, Korea, etc.

"This achievement shows that we can compete on a global stage against industry heavyweights," said Mr. William Wong, Chief Executive Officer of UTStarcom. "We have established a competitive niche for UTStarcom through our innovative approach to product design and our strengths in commercializing technical breakthroughs that improve our customers' networks and enhance their market competitiveness."

Supporting Converged Network Infrastructures Worldwide

Another significant event in parallel to reaching the $250 million milestone was a smooth management system upgrade of a customer's network with over 5000 packet optical transport nodes. The objective of the upgrade was to support a "converged transport network" offering a broader range of '4G' mobile, broadband Internet and enterprise Ethernet lease line and VPN services. UTStarcom completed the upgrade on time with zero service interruptions.

The success of this large-scale upgrade sets the stage for UTStarcom to support similar initiatives worldwide as carriers look to build converged network infrastructures that support a greater array of services, especially for mobile and "on demand" features, which will help them retain and grow their customer base.

1 of 3

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
Only $9.95
14-Days Free
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 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs