UTStarcom Announces Contract with Maxim Telecom to Target Pakistan Market
LAHORE, Pakistan and ALAMEDA, Calif., Nov 20, 2006 -- 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.
"The Pakistan communications market has experienced dramatic growth over 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 Pakistan representing over 29 percent of total investments, we believe this is potentially a very significant market for UTStarcom."
Maxim Telecom, with its regional office in Lahore covering Pakistan and the Middle East, is one of the region's leading telecommunications system 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 Howard Jones (howard@gbcspr.com) or Helen Lyman Smith (helen@gbcspr.com) on +44 (0)115 948 6901.
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 United States, Canada, China, Korea and India. UTStarcom is a FORTUNE 1000 company.
For more information about UTStarcom, visit the company's Web site at www.utstar.com.
or Sajjad Ahmad of Maxim,
+9242 5120460,
or Sajjad.ahmad@maximtelecom.com
http://www.utstar.com
