Tuesday, January 18, 2005

UTStarcom Signs $120 Million in Contracts with China Telecom

UTStarcom announced contracts valued at approximately $120 million with China Telecom Corporation (CTC) to expand the operator's existing IP-based PAS (Personal Access System) networks in the Jiangsu, Zhejiang and Sichuan provinces in China. UTStarcom said China Telecom officials have publicly reiterated that they will continue to invest in PAS even when 3G licenses are issued, as it is viewed as a complementary service to 3G that will target a different demographic.

UTStarcom noted that there are now more than 65 million PAS subscribers in China. PAS networks have been deployed in almost all major cities in China's 31 provinces, autonomous regions and municipalities by the two major fixed-line operators in China, China Telecom and China Netcom.


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