UTStarcom Signs $21.5M Deal with Taiwan's Chunghwa

UTStarcom announced a new contract valued at approximately $21.5 million with Chunghwa Telecom, the incumbent carrier in Taiwan. Chunghwa will employ UTStarcom's NetRing multi-service optical transport products, which were announced in Q4 2003, to deliver high-density, high-speed broadband services, including voice, data, and video, to subscribers throughout Taiwan. Under the terms of the contract, UTStarcom will provide the optical equipment and Siemens will handle installation, maintenance, and third-party services. http://www.utstar.com