UTStarcom Announces Business Development in India
December 18 2017 - 6:00AM
UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global
telecommunications infrastructure provider, today announced
significant milestones in its effort to develop its business in
India, including important customer wins and outsourcing of product
manufacturing to local manufacturer.
UTStarcom's Chief Executive Officer Tim Ti commented, “Demand is
rising rapidly for modern broadband services in the Indian telecom
market. This demand is fueling healthy competition, which
drives continuous modernization and the use of innovative yet
cost-effective solutions. We believe our recent contract wins
in India demonstrate that we are recognized for our high quality
products and cost-effective carrier-grade telecom solutions.
We are pleased that BSNL and other customers also recognize our
long-term commitment to their market, which ensures them a steady
flow of technically advanced products for years to come.”
Tim continued, “Our commitment goes beyond just selling in
India, to outsourced manufacturing in India. We fully embrace
the ‘Make in India’ campaign, and are excited to be partnering with
local manufacturing firms to produce our equipment in India.”
The company’s major recent wins include several projects with
its major strategic customer, Bharat Sanchar Nigam Limited
(“BSNL”). BSNL is one of the largest public sector companies
providing a comprehensive range of telecom services in India.
The project wins with BSNL include:
- BSNL’s nationwide Wi-Fi hotspot network including Wi-Fi offload
- UTStarcom will supply major components of the Carrier Wi-Fi
network to Himachal Futuristic Communications Ltd. (HFCL), which is
the System Integrator to BSNL in this project
- BSNL’s MPLS-TP-based Converged Packet Access Network (CPAN)
equipment of various capacities - The Packet Access Network
equipment is used in the aggregation of traffic across the BSNL
Network. UTStarcom will serve as a System Integrator in this
project
- A new turnkey signaling solution with FMNP
functionality-compliant SSTP nodes - The project envisions a large
capacity system with planning, engineering, supply, installation,
testing, commissioning and migration of all network elements to the
new system. UTStarcom will supply its large capacity
Signaling Gateway, software and servers
UTStarcom’s Managing Director of Sales & Marketing in India,
Rahul Pandey stated: “Most of these project wins are on a turnkey
basis involving a variety of products and range of services.
UTStarcom not only supplies its own products as well as third party
equipment as needed, but also assumes the role of a system
integrator. Our strong local team in India supported by our
headquarters team ensures timely delivery and smooth implementation
of projects.”
Mr. Anupam Srivastava, Chairman and Managing Director of BSNL,
commented: “UTStarcom is a strong player in the India telecom
market with a solid product portfolio that is suited to our core
business. Most importantly, as we witnessed over the course
of many years of cooperation, UTStarcom is a reliable partner that
comes with cost effective and good quality solutions which fits
into the business needs of BSNL. We wish UTStarcom be partner
in realizing long term vision of BSNL.”
About UTStarcom Holdings Corp.
UTStarcom 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 Hong Kong; Tokyo,
Japan; San Jose, USA; Delhi and Bangalore, India; Hangzhou and
China. For more information about UTStarcom, please visit
http://www.utstar.com.
About BSNL
Bharat Sanchar Nigam Ltd. was incorporated on 15th September
2000. It took over the business of providing of telecom services
and network management from the erstwhile Central Government
Departments of Telecom Services (DTS) and Telecom Operations (DTO),
with effect from October 1st 2000 on going concern basis. It
is one of the largest & leading public sector units providing
comprehensive range of telecom services in India. BSNL has
installed Quality Telecom Network in the country and now focusing
on improving it, expanding the network, introducing new telecom
services with ICT applications in villages and winning customer's
confidence. BSNL is one of major service providers in its
license area. The company offers wide ranging and most transparent
tariff schemes designed to suit every customer. BSNL has set
up a world class multi-gigabit, multi-protocol convergent IP
infrastructure that provides convergent services like voice, data
and video through the same Backbone and Broadband Access Network.
The company has vast experience in planning, installation,
network integration and maintenance of switching and transmission
networks and also has a world class ISO 9000 certified Telecom
Training Institute.
For investor and media inquiries, please
contact:UTStarcom Holdings Corp.Tel: +852-3951-9757Ms. Fei
Wang, Director of Investor RelationsEmail: fei.wang@utstar.comMs.
Ning Jiang, Investor RelationsEmail: njiang@utstar.com
In the United States:The Blueshirt GroupMr.
Ralph FongTel: +1 (415) 489-2195Email: ralph@blueshirtgroup.com
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