UTStarcom Announces Disengagement from its Auditor
January 19 2017 - 4:10AM
UTStarcom (NASDAQ:UTSI), a global telecommunications infrastructure
provider, today announced that it ceased its relationship with its
current auditor, GHP Horwath, P.C. (“GHP”). The relationship was
concluded at the request of GHP as its partners and employees have
joined another accounting firm, Crowe Horwath LLP.
Eric Lam, UTStarcom’s Vice President of Finance, commented, “We
thank the team at GHP for their support during our engagement. We
want to emphasize that this change is due to GHP partners and
employees joining another accounting firm, and GHP will not be
providing accounting services in the future.”
Both the Company and GHP stated that there are no disagreements
regarding any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure.
The Company intends to announce the appointment of a new auditor
for fiscal 2016 in the near future.
About UTStarcom Holdings Corp. UTStarcom
(NASDAQ:UTSI) is a global telecom infrastructure provider dedicated
to developing technology that will serve the rapidly growing demand
for bandwidth from cloud-based services, mobile, streaming and
other applications. We work with carriers globally, from Asia to
the Americas, to meet this demand through a range of innovative
broadband packet optical transport and wireless/fixed-line access
products and solutions. The Company’s end-to-end broadband product
portfolio, enhanced through in-house Software Defined Networking
(SDN)-based orchestration, enables mobile and fixed-line network
operators and enterprises worldwide to build highly efficient and
resilient future-proof networks for a range of applications,
including mobile backhaul, metro aggregation, broadband access and
Wi-Fi data offload. Our strategic investments in media operational
support service providers expand UTStarcom’s capabilities in the
field of next generation video platforms. UTStarcom was founded in
1991, started trading on NASDAQ in 2000, and has operating entities
in Tokyo, Japan; San Jose, USA; Hangzhou, China; Delhi and
Bangalore, India. For more information about UTStarcom, please
visit http://www.utstar.com.
For investor and media inquiries, please contact:
UTStarcom Holdings Corp.
Tel: +852-3951-9757
Fei Wang, IR Director
Email: fei.wang@utstar.com
Ning Jiang, Investor Relations
Email: njiang@utstar.com
In the United States:
The Blueshirt Group
Mr. Ralph Fong +1 (415) 489-2195
ralph@blueshirtgroup.com
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