Investor Relations
UTStarcom Announces Contract with Maxim Telecom to Target Pakistan Market
LAHORE, Pakistan and ALAMEDA, Calif., Nov. 20 /PRNewswire-FirstCall/ --
UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end
networking solutions and services, today announced a distribution contract
with Maxim Telecom to meet the demand of the growing fixed and mobile markets
in Pakistan.
UTStarcom Announces Contract with Maxim Telecom to Target Pakistan Market
(Logo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO )
'The
recent years and continues to grow rapidly with mobile density now in excess
of 25 percent,' said Youssef Kassissia, vice president of the EMEA region at
UTStarcom. 'With total penetration rate of fixed and mobile users growing by
double figures year on year and foreign investments in the telecom sector in
potentially a very significant market for UTStarcom.'
Maxim Telecom, with its regional office in Lahore covering
the
integrators and was founded to meet the increasing need for advanced
communication networks and services following recent regional deregulation and
privatization. The agreement between Maxim and UTStarcom includes the full
range of UTStarcom handsets, including GSM, CDMA and dual-mode technologies,
as well as the company's next-generation softswitch and IP-based broadband
solutions.
'There is great interest in terminals, handsets and next-generation
network solutions in this region, particularly with the emergence of new fixed
and mobile operators,' said Sajjad Ahmad, chief executive officer at Maxim
Telecom. 'With this partnership with UTStarcom, we are bringing together a
complete range of mobile handsets and next generation infrastructure with
Maxim Telecom's established domestic presence to create what we believe to be
a very competitive offering.'
UTStarcom is demonstrating its complete portfolio of wireline and wireless
next-generation network solutions and handsets at Gitex Dubai, being held at
the Dubai International Convention and Exhibition Centre, from November 18-22,
2006.
UTStarcom executives will be available for interviews and briefings at the
show. To arrange a meeting, please contact
or
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 broadband,
wireless, and handset 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. Founded in 1991 and headquartered in Alameda, California, the
company has research and design operations in the
For more information about UTStarcom, visit the company's Web site at
www.utstar.com.
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements by and about UTStarcom,
including the foregoing statements regarding the anticipated continued growth
of the telecommunications market in
UTStarcom's participation in such market, and the anticipated competitiveness
of the partnership between UTStarcom and Maxim Telecom. These risk factors
include rapidly changing technology, the changing nature of global
telecommunications markets, the termination of contracts and/or strategic
relationships, the direction and results of future research and development
efforts, evolving product and applications standards, reduction or delays in
system deployments, product transitions, potential non-realization of backlog,
changes in demand for and acceptance of UTStarcom's products, both in
and globally, general adverse economic conditions, and trends and
uncertainties such as changes in government regulation and licensing
requirements, both in
the risk factors identified in its latest Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with
the Securities and Exchange Commission.
SOURCE UTStarcom, Inc.