UTStarcom Signs New Contract Valued at $26.5 Million with China Telecom

UTStarcom signed a contract valued at approximately $26.5 million with China Telecom for new deployments of its IP-based PAS in Wuhan city, the provincial capital of Hubei Province of China. UTStarcom said the contract represents its largest PAS/iPAS deployment in Hubei Province (population 60 million). The company noted that its PAS platform was supporting more than seven and a half million Chinese customers as of December 2002.
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