UTStarcom Holdings – UTSI – Won a contract from Chongqing Radio and Television Group to build an integrated IPTV broadcasting control platform

UTStarcom Holdings Corp. (Nasdaq: UTSI), a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators, announced today that it has won a contract from Chongqing Radio and Television Group to build an integrated IPTV broadcasting control platform. Chongqing, one of the largest municipalities in China, is the first of the 42 new trial cities to award a contract to an IPTV solution provider. The new broadcasting control platform can support the content management and distribution needs of IPTV, Internet TV and mobile TV.

“This is a significant win for us as we were awarded the contract only after an exhaustive bidding process between six solution providers and nationwide testing of our platform’s capabilities,” said UTStarcom President and CEO Mr. Jack Lu. “Our RollingStream® technology system will provide Chongqing Radio and Television Group with a digital, high-definition and bi-directional IPTV broadcasting control platform that will enhance the IPTV services they provide to subscribers. The platform will continue to expand as IPTV household subscribers continue to increase in Chongqing city and throughout the regional counties and districts that comprise Chongqing municipality.”

Mr. Lu continued, “This win in Chongqing strengthens our position in China’s IPTV market. We believe that an increasing number of IPTV broadcasting platform tenders across the country reflects steady progress of China’s three network convergence policy. We are well positioned to gain a significant share of the 42 trial cities, which will enable us to capture additional business opportunities from the national rollout expected to take place from 2013 to 2015.”

Since 2010, UTStarcom has built nine IPTV broadcast control platforms across China, specifically in Beijing, Hubei, Hunan, Shandong, Shenzhen, Sichuan, Tianjin, Zhejiang and now Chongqing.

The Company will deliver a packaged solution that includes software and infrastructure development, content delivery network (CDN) support, and IPTV, Internet TV and mobile TV integration support.

About UTStarcom Holdings Corp.

UTStarcom is a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and Broadband for cable and telecom operators. The Company sells its solutions to operators in both emerging and established telecommunications and cable 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.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.