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A pair of $20M+ contracts extend the reach of the company's IP-based PAS into Liaoning Province and Zhejiang Province
September 29, 2003
ALAMEDA, Calif. -- UTStarcom Inc. (NASDAQ:UTSI) , a leading global provider of wireless and wireline access and IP switching solutions, today announced that it has signed a contract with China Netcom valued at approximately $20 million to expand its IP-based PAS (Personal Access System) (iPAS(TM) platform in two cities in the province of Liaoning. "The advanced system functionality and matchless pricing of our IP-based PAS system are key factors in our tremendous success, said Ying Wu, chief executive officer of UTStarcom China. "More recently, our value added service platform enabling services such as 64k data, short messaging and music downloads, has driven significant consumer demand for the PAS services. China Netcom is now capitalizing on that demand by adding new cities and expanding existing PAS deployments. As a result, UTStarcom is able to capture greater market share." In a separate release: UTStarcom Inc. (NASDAQ:UTSI) , a leading global provider of wireless and wireline access and IP switching solutions, today announced a new contract with China Telecom Zhejiang Province valued at approximately $27 million to expand its IP-Based PAS (Personal Access System) in the Zhejiang province. "It is fitting that PAS continues to increase market penetration in Zhejiang, which is where one of the first deployments of PAS took place nearly four years ago," said Ying Wu, chief executive officer of UTStarcom China. "Zhejiang is one of the most economically developed provinces in the country and the continued growth of PAS there demonstrates that our technology can prosper in regions where other telecommunications systems are also widely adopted. There are currently approximately 2.7 million PAS subscribers in Zhejiang province and after this expansion, network capacity in Zhejiang will reach 4.2 million." UTStarcom Inc.
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