UTSTARCOM GROWS INTO TAIWAN, CHILE
ALAMEDA - 06/09/04 - UTStarcom, Inc. has signed contracts expanding its presence in both Taiwan and Chile for its telecommunications systems.
The company a contract valued at approximately $13 million with First International Telecommunications Corporation of Taiwan (FITEL) to expand its PAS (Personal Access System) service in Kaoshiung and begin a new deployment in Taichung.
The announcement brings the total value of contracts signed with FITEL to date to over $80 million.
According to the Fortune 1000 company, Taiwan was one of the first markets outside of Mainland China to deploy its PAS technology with more than 600,000 people signing-on for PAS service since its initial deployment in Taipei in June 2001.
The contract expands UTStarcom's PAS service in Kaoshiung, a city of approximately 1.5 million people in southern Taiwan in which PAS service was launched in December 2003. PAS service in Taichung, located in central Taiwan with a population of approximately 930,000, is scheduled to start in August 2004.
At the same time, the company announced the signing of a contract for it to deploy its Unified Messaging System (UMS) and softswitch-based mSwitch solution through Telefonica del Sur (Telsur), an integrated telecommunications company based in Santiago, Chile.
UTStarcom's UMS and mSwitch solutions will enable TelSur to offer subscribers next-generation IP voice, data and value-added services, including high-quality multimedia IP services, voice mail and high-speed Internet access.
Chile currently has one of the highest fixed-line, mobile phone, PC and Internet penetration rates in Latin America, a direct result of the country's state-of-the-art infrastructure and regulatory system.
Competition within the telecommunications industry in Chile has fostered increased innovation and investment by local operators as they fight to grow their share of the market with new services, better technologies and more innovative pricing packages.
UTStarcom develops and markets IP access networking systems and sells its wireline, wireless, optical and switching solutions to operators in both fast growth and established telecommunications markets around the world.
Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in New Jersey, China, and India.
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