Monday, July 21, 2003

UTStarcom Invests $25 Million to Expand R&D in India

UTStarcom announced plans to invest US$25 million in its Development Center at Bangalore in India. The expansion will double the employee count to 150 engineers. The Bangalore Development Center, which was established by Mascon Global in 2001, came into UTStarcom Corporation with the May 2003 acquisition of CommWorks, the carrier division of 3Com. This is the second R&D center UTStarcom has in India since the construction of its facility in Gurgaon in 2002. UTStarcom invested $25 million in its global R&D facility at Gurgaon last year.
http://www.utstar.com