Sunday, April 17, 2005

UTStarcom Announces $50 Million In Contracts with China Telecom

UTStarcom announced that it has signed infrastructure contracts valued at approximately $50 million with China Telecom Corporation (CTC). These contracts will expand the operator's existing IP-based PAS (Personal Access System) (iPAS) networks in the Shanxi, Jiangxi, Zhejiang, Jiangsu and Guangdong provinces in eastern China, as well as in metropolitan Shanghai.

According to statistics from China's Ministry of Information Industry (MII), approximately two million people have subscribed for PAS service each month in the first quarter of 2005. Total PAS subscribers in China reached 72 million by the end of March, with more than 40 million subscribers on networks powered by UTStarcom technology. UTStarcom continues to maintain greater than a 50% market share for both PAS handsets and infrastructure in China.

See also