AsiaInfo to Develop Business Intelligence Systems for China Telecom
October 24 2008 - 8:00AM
PR Newswire (US)
New System to Cover Beijing Municipality and Henan and Heilongjiang
Provinces BEIJING and SANTA CLARA, Calif., Oct. 24
/Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc.
(NASDAQ:ASIA), a leading provider of telecom software solutions and
IT security products and services in China, today announced that it
has won tenders with China Telecom, the world's largest fixed-line
telecommunications and broadband service provider, to develop
Business Intelligence systems ("BI systems") for China Telecom's
Beijing, Henan and Heilongjiang subsidiaries. "We are encouraged
that China Telecom has recognized the value of our advanced
Business Intelligence systems, which will allow the company to
gather customer data, analyze trends and use the resulting
information to better compete in a rapidly evolving market," said
Steve Zhang, AsiaInfo's president and chief executive officer.
"Competition is increasing among China's three newly integrated
telecom carriers as they build out their product and service
platforms on a leveled playing field. Our world-class BI systems
continue to benefit from these trends by enabling carriers to
launch targeted marketing campaigns and differentiate their service
offerings, which can ultimately increase end-user satisfaction and
boost profits. In anticipation of this stage of market development,
we have strategically invested in the research and development of
our BI systems for the past several years and are now recognized as
a leader in this market." The BI systems, which are designed to
improve decision-making capability, efficiency and accuracy, will
integrate China Telecom's existing fixed-line business with its
recently acquired CDMA business. AsiaInfo will help China Telecom
migrate the historical data from its acquired CDMA system to the
new BI systems in order to ensure a smooth transition from a
fixed-line and broadband provider to a full-service operator. The
BI systems offer data mining, data analysis and data summarization
capabilities, providing China Telecom with accurate, detailed and
up-to-date information. AsiaInfo is a market leader in China's BI
market. AsiaInfo's BI systems currently support more than 260
million users and over 1.5 petabytes of data. About AsiaInfo
Holdings, Inc. AsiaInfo Holdings, Inc. (NASDAQ:ASIA) is a leading
provider of high- quality telecom software solutions and IT
security products and services to some of China's largest
enterprises as well as many small and medium sized companies in
China. An established leader in the Chinese telecommunications
industry, AsiaInfo became a prominent supplier of IT security
products and services in China with the acquisition of Lenovo's
non-telecom related IT services business in 2004. Organized as a
Delaware corporation, AsiaInfo began operations in the United
States in 1993. The Company moved major operations to China in 1995
and played a significant role in the construction of the national
backbones and provincial access networks for all of China's major
national telecom carriers, including China Telecom, China Mobile,
China Unicom and China Netcom. Since 1998, AsiaInfo has continued
diversifying its product offerings and is now a major provider of
telecom software solutions in China. For more information about
AsiaInfo, please visit http://www.asiainfo.com/ . Safe Harbor
Statement The information contained in this document is as of
October 24, 2008. AsiaInfo assumes no obligation to update any
forward-looking statements contained in this document as a result
of new information or future events or developments. This document
contains forward-looking information about AsiaInfo's operating
results and business prospects that involve substantial risks and
uncertainties. You can identify these statements by the fact that
they use words such as "anticipate," "estimate," "expect,"
"project," "intend," "plan," "believe," and other words and terms
of similar meaning in connection with any discussion of future
operating or financial performance. Among the factors that could
cause actual results to differ materially are the following:
government telecommunications infrastructure and budgetary policy
in China; our ability to maintain our concentrated customer base;
the long and variable billing cycles for our products and services
that can cause our revenues and operating results to vary
significantly from period to period; our ability to meet our
working capital requirements; our ability to retain our executive
officers; our ability to attract and retain skilled personnel;
potential liabilities we are exposed to because we extend
warranties to our customers; risks associated with cost overruns
and delays; our ability to develop or acquire new products or
enhancements to our software products that are marketable on a
timely and cost-effective basis; our ability to adequately protect
our proprietary rights; the competitive nature of the markets we
operate in; political and economic policies of the Chinese
government. A further list and description of these risks,
uncertainties, and other matters can be found in our Annual Report
on Form 10-K for the fiscal year ended December 31, 2007, and in
our periodic reports on Forms 10-Q and 8-K (if any) filed with the
United States Securities and Exchange Commission and available at
http://www.sec.gov/ . For further information, please contact:
AsiaInfo Holdings, Inc. Sheryl Zhang Tel: +86-10-8216-6039 Email:
Ogilvy Financial, Beijing Andrew Keller Tel: +86-10-8520-3112
Email: DATASOURCE: AsiaInfo Holdings, Inc. CONTACT: Sheryl Zhang,
AsiaInfo Holdings, Inc., +86-10-8216-6039, or Andrew Keller, Ogilvy
Financial, Beijing, +86-10-8520-3112, for AsiaInfo Holdings, Inc.
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