UTStarcom Announces SOFTBANK BB's Purchase of Its NetRing(TM) TN Products
ALAMEDA, Calif., Sept 27, 2010 - UTStarcom, Inc. (Nasdaq: UTSI) announced that SOFTBANK BB Corp., a wholly owned subsidiary of SOFTBANK Corp., has purchased the NetRing(TM) Transport Network product portfolio (NetRing(TM) TN) for deployment with its commercial service. Deployment of the product, which is already undergoing a field trial, is planned throughout Japan, starting in Tokyo, Nagoya, and Osaka. NetRing(TM) TN is UTStarcom's latest multiprotocol label switching - transport profile (MPLS-TP) solution designed to overhaul existing mobile backhaul networks, provide Ethernet services and deliver broadband aggregation applications.
"The TN product portfolio will enable Softbank BB to realize a high quality, highly flexible next-generation network, enabling them to construct a more robust, flexible broadband solution," said UTStarcom Chief Executive Officer (CEO) Jack Lu.
SOFTBANK BB plans to use UTStarcom's NetRing(TM) TN products in its Next Generation Network to help realize significant operating expense savings by offering a power efficient and space-optimized design with enhanced operation and maintenance capabilities. The NetRing(TM) TN solution also includes a powerful service-oriented network management platform that will enable SOFTBANK BB to create new services rapidly.
"Together with Softbank Group Companies, we are trying to build one unified network solution to unify enterprise, consumer and mobile networks, with the aim of realizing the efficient utilization of the network and a reduction in operating costs," said Junichi Miyakawa, executive vice president, director of SOFTBANK BB Corp. "To do that, a new technology called MPLS-TP is the key to building a flexible service-oriented network solution. Through the field trial, we want to confirm that UTStarcom's NetRing TN series will enable us to meet those goals, and be an effective solution for responding flexibly to a diverse range of new business needs and thus greatly contribute to the further expansion of the SOFTBANK Group's business and an increase in our profitability."
UTStarcom's NetRing(TM) TN platform makes it possible to migrate existing aggregation networks from legacy synchronous digital hierarchy/ asynchronous transfer mode (SDH/ATM) to a packet based network for the delivery of high-speed services. This will enable SOFTBANK BB to offer new Ethernet-based Enterprise services - in addition to high-speed broadband, voice, video services.
For more information about the NetRing(TM) TN solutions portfolio, please visit http://utstar.com/Products/Optical_Transport_Networks/MPLS-TP/.
About SOFTBANK BB Corp.
Softbank BB, part of the Softbank Group, a driving force behind the emergence of Japan as the world leader in broadband, with the launch of the "Yahoo BB ADSL" commercial service in 2001. Naturally blending their experience and achievements in the IT business with a telecommunications infrastructure, they continue to roll out advanced services, develop commercial and service businesses providing services via the Internet, such as in the field of IT distribution.
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 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. The company was founded in 1991 and is headquartered in Alameda, California. For more information about UTStarcom, visit the company's Web site at www.utstar.com .
For more information please visit: www.utstar.com
SOURCE UTStarcom, Inc.
UTStarcom, Inc.
1275 Harbor Bay Parkway Suite 100,
Alameda,CA,
94502.
