UTStarcom Announces $45 Million in New Contracts with Shaanxi China Telecom

UTStarcom signed an expansion contract valued in excess of $45 million with Shaanxi China Telecom covering the expansion and upgrade of existing IP-based PAS (Personal Access System) platforms in several cities in Shaanxi province. As of the end of 2002, the Shaanxi China Telecom network in the provincial capital of Xi'an had more than 400,000 subscribers on the PAS platform. UTStarcom said its PAS technology had gained more than seven and a half million Chinese customers as of December 2002, and now represents more than 60% of the country's market share for the sector. The platform is marketed as a low-cost investment option for wireless local telephone service that replaces antiquated fixed line systems. It also features a network architecture that can be integrated with 3G and broadband technologies.
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