UTStarcom Wins Two China Telecom Provincial IPTV Network Expansion Contracts

UTStarcom Holdings Corp. (Nasdaq: UTSI) today announced that it has won two new contracts to support IPTV network expansion with Fujian Telecom and Zhejiang Telecom, provincial subsidiaries of China Telecom. As part of the Zhejiang Telecom contract, UTStarcom will build new IPTV 2.0 platforms in two Zhejiang cities, Wenzhou and Taizhou.

The Company will expand Fujian and Zhejiang Telecom's simultaneous network capacities and storage capacities for their IPTV systems. Currently, UTStarcom serves nearly one million IPTV users in Fujian and approximately 650,000 IPTV users in Zhejiang.