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UTStarcom Holdings (UTSI) Contracted To Build Two New IPTV Platforms

|Includes: UTStarcom, Inc. (UTSI)

UTStarcom Holdings Corp., a leading provider of interactive, IP-based network solutions, today announced that it has won two new contracts that will support its IPTV network expansion with Fujian Telecom and Zhejiang Telecom, provincial subsidiaries of China Telecom. UTStarcom currently serves nearly 1 million IPTV users in Fujian and approximately 650,000 IPTV users in Zhejiang.

Per the Zhejiang Telecom contract, UTStarcom will build new IPTV 2.0 platforms in the cities of Wenzhou and Taizhou.

In addition, UTStarcom will expand Fujian and Zhejiang Telecom's respective network capacities and storage capacities for their IPTV systems.

In 2010, the UTStarcom built six IPTV broadcast control platforms. For 2012, the company is positioned to continue its growth pattern with plans.

"We are excited to have won these two contracts after a rigorous nationwide testing and bidding process," UTStarcom president and CEO Jack Lu stated in the press release. "We will continue to execute against our growth strategy of serving China's telecommunications and cable customers in tandem. We are confident our IPTV platform will provide a solid foundation for the large scale deployment of China Telecom's IPTV 3.0 standard and better server the newly announced 42 three-network convergence trial cities in 2012."

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