UTStarcom, Inc. (Nasdaq: UTSI) was named the leading Internet Protocol Television (IPTV) provider in Asia in Multimedia Research Group's (MRG, Inc.) latest Global IPTV Market Leaders Report. The in-depth analysis tracks the top 100 IPTV vendors in 24 regional sub-segments. UTStarcom's strategic IPTV deployments and strong subscriber gains drove the company's rise to the top intheAccess, Video-on-Demand (VOD), Set-top-Boxes, Middleware and Content Protection categories.
"UTStarcom's Asia deployments have moved it into the first place ranking in five key areas of our Market Leaders Report," said Jose Alvear, IPTV Analyst at MRG. "This kind of regional category takeover is unprecedented, and illustrates how IPTV providers are successfully applying their market-specific technology innovation and experience."
UTStarcom pioneered IPTV in China when it introduced its RollingStream(R) end-to-end IPTV system in 2005. As of March 2009, UTStarcom's RollingStream supported more than 1.32 million live IPTV subscribers globally. In 2008, UTStarcom partnered with Guangxi Telecom Company, a wholly-owned subsidiary of China Telecom, to deploy the first IPTV-based digital signage solution in 14 Guangxi cities. UTStarcom was also among the first to deliver the Olympic Games via IPTV to China viewers during summer 2008. This April, the company was selected as the only technology supplier for the first mobile television system across Hainan province, driven by China Telecom's Hainan branch.
UTStarcom is also a recognized IPTV leader throughout the Indian subcontinent. The company partnered with Aksh Optifibre Ltd. in 2007 to deliver the first commercial IPTV service in Delhi through Mahanagar Telephone Nigam Ltd. (MTNL). With UTStarcom's continued partnership, Aksh set an agreement with Bharat Sanchar Nigam Limited (BSNL) to offer its iControl IPTV service in 20 cities across India and additionally in Mumbai with MTNL. UTStarcom also has a long-standing relationship with Bharti Airtel in Delhi NCR. Additionally, UTStarcom's RollingStream platform is being used by Sri Lanka Telecom to deliver IPTV services in the city of Colombo, Sri Lanka.
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 http://www.utstar.com.
About Multimedia Research Group (MRG, Inc.)
MRG, Inc. provides the Digital, Media and Financial Industries with Market Tracking Services, Custom Consulting and Published Market Intelligence and Technology Reports.
Forward Looking Statements
This press release contains forward-looking statements regarding UTStarcom's future strategy, including statements regarding the company's IPTV solution. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. Factors that could cause actual results to differ materially from those contained in our forward-looking statements include: risks associated with delays in product development or customer acceptance and implementation of new products and technologies; economic issues in geographic markets; and rapidly changing technology. Please also refer to UTStarcom's periodic reports that are filed from time to time with the Securities and Exchange commission, including our latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. UTStarcom assumes no obligation to, and does not currently intend to, update these forward-looking statements.