UTStarcom Ranked No. 1 in India Broadband Equipment MarketUTStarcom Ranked No. 1 in India Broadband Equipment Market
by Voice&Data Magazine
ALAMEDA, Calif., June 22 /PRNewswire-FirstCall/ -- UTStarcom, Inc. (Nasdaq: UTSI) today announced that it has been named the No. 1 broadband equipment provider in India by Voice&Data magazine. Voice&Data is a leading Indian telecom publication.
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According to the V&D 100, Voice&Data's industry analysis for fiscal year 2008 - 2009, UTStarcom significantly led the broadband infrastructure sector in India with an estimated 38 percent growth in revenue. The V&D 100 analysis also estimated UTStarcom's broadband market share at 29.5 percent. The company rankings are derived from exhaustive surveys and market analysis.
'As India's demand for faster connectivity continues to grow, UTStarcom is committed to helping build India's broadband infrastructure,' said
Vijay Yadav, vice president and managing director of UTStarcom's South Asia operations. 'By working with the region's leading service providers, and India's governmental broadband authority, this infrastructure will deliver the most advanced services to Indian consumers.'
UTStarcom's broadband solutions enable deployment of IP-based, high-speed Internet, voice, data and multimedia services over wireline and optical networks.
The V&D 100 ranking is the most recent in a series of award wins for the company in India. VARIndia named UTStarcom the 'Most Trusted Company' in India in the areas of broadband and IPTV leadership in 2008, and the Telecom Equipment Manufacturers Association (TEMA) in India recognized UTStarcom with an 'Excellence in Telecom Services and Solutions' award for the company's innovation and direct impact on India's telecom market growth.
The company also has Internet Protocol TV (IPTV) contracts with leading service providers in India including Bharti Airtel in Delhi NCR, and with Aksh Optifibre for Bharat Sanchar Nigam Limited (BSNL) in 20 cities across India and with Aksh Optifibre for Mahanagar Telephone Nigam Ltd. (MTNL) in Delhi and Mumbai. UTStarcom has also announced IPTV deployments with United Telecoms Limited in India and with SLT in Sri Lanka.
About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. The company was founded in 1991 and is headquartered in Alameda, California. For more information about UTStarcom, visit the company's Web site at http://www.utstar.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding UTStarcom's future strategy and anticipated growth of broadband internet users in India. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. Factors that could cause actual results to differ materially from those contained in our forward-looking statements include: increased competition; economic issues in the identified geographic market; possible delays in system deployment; termination of new contracts, partnerships or alliances; changes in anticipated number of subscribers and traffic; and changes in government regulation and licensing requirements. Please also refer to UTStarcom's periodic reports that are filed from time to time with the Securities and Exchange commission, including our latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. UTStarcom assumes no obligation to, and does not currently intend to, update these forward-looking statements.
SOURCE UTStarcom, Inc.
