LONDON, UK / ACCESSWIRE / December 20, 2017 / Active-Investors issued a free report on UTStarcom Holdings Corp. (NASDAQ: UTSI), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=UTSI as the Company's latest news hit the wire. On December 18, 2017, the Company announced that it has made great progress in expanding its business in India. The Company has managed to add strategic customers and bag projects in the region as well as add to its manufacturing capabilities by outsourcing its product manufacturing to local manufacturing entities. Sign up now for our free research reports at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, UTStarcom Holdings most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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UTStarcom's projects in India

UTStarcom has a long-term relationship with India's largest public-sector telecom company, Bharat Sanchar Nigam Limited (BSNL). The Company has managed to win various projects from BSNL which include the following:

  • BSNL's nationwide Wi-Fi hotspot network including Wi-Fi offload Project: In this project, UTStarcom will be the major supplier of components for the Carrier Wi-Fi network to Himachal Futuristic Communications Ltd (HFCL). HFCL is acting as a System Integrator to BSNL in this project.

  • BSNL's MPLS-TP-based Converged Packet Access Network (CPAN) equipment of various capacities. The Packet Access Network equipment is used in the aggregation of traffic across the BSNL Network. In this project, UTStarcom will be the System Integrator.

  • A new turnkey signaling solution with FMNP functionality-compliant SSTP nodes. In this project large capacity system with planning, engineering, supply, installation, testing, commissioning and migration of all network elements to the new system. In this project UTStarcom will be the main supplier for the large capacity Signaling Gateway, software, and servers.

A majority of these projects have been awarded to UTStarcom on a turnkey basis and include the supply of wide range of products and providing a variety of related services. The Company is committed to providing steady flow of technically advanced products not only to BSNL but also to its other Indian customers.

Additionally, the Company is expanding its manufacturing capacity by outsourcing its manufacturing to local entities. The Company plans to go a step ahead of this and is committed to supporting the Indian Government's ?Make in India' initiative. Under this initiative, the Company is planning to produce equipment in India in partnership with local manufacturing entities.

Management Comments

Commenting on the Company's strides in India Tim Ti, CEO of UTStarcom, said:

?Demand is rising rapidly for modern broadband services in the Indian telecom market. This demand is fueling healthy competition, which drives continuous modernization and the use of innovative yet cost-effective solutions. We believe our recent contract wins in India demonstrate that we are recognized for our high-quality products and cost-effective carrier-grade telecom solutions.?

Rahul Pandey, Managing Director of Sales & Marketing - UTStarcom India, added:

?UTStarcom not only supplies its own products as well as third-party equipment as needed, but also assumes the role of a system integrator. Our strong local team in India supported by our headquarters team ensures timely delivery and smooth implementation of projects.?

Anupam Srivastava, Chairman and Managing Director of BSNL, stated:

?UTStarcom is a strong player in the India telecom market with a solid product portfolio that is suited to our core business. Most importantly, as we witnessed over the course of many years of cooperation, UTStarcom is a reliable partner that comes with cost-effective and good quality solutions which fits into the business needs of BSNL.?

About UTStarcom Holdings Corp.

UTStarcom is a global telecom infrastructure provider which was founded in 1991. It provides technology for the growing demand for bandwidth from cloud-based services, mobile, streaming, and other applications. The Company delivers cutting-edge packet optical transport and broadband access solutions coupled with a carrier-grade Software Defined Networking platform to give telecommunications carriers the power to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. The Company's strategic investments in media operational support service providers expand its capabilities in the field of next-generation video platforms. The Company has offices in Tokyo, Japan, San Jose, USA, Hangzhou, China, and Delhi and Bangalore in India.

About Bharat Sanchar Nigam Ltd

BSNL is a leading public-sector enterprise, which provides a comprehensive range of telecom services in India including Wireline, CDMA mobile, GSM mobile, Internet, Broadband, Carrier service, MPLS-VPN, VSAT, VoIP, IN Services, FTTH, etc. BSNL has installed Quality Telecom Network in the country and now focusing on improving it, expanding the network, introducing new telecom services with ICT applications in villages and winning customer's confidence. BSNL is one of the major service providers in its license area. BSNL has set up a world-class multi-gigabit, multi-protocol convergent IP infrastructure that provides convergent services like voice, data, and video through the same Backbone and Broadband Access Network. At present BSNL has 13.88 million wireline phone subscribers, 94.36 million cellular, and 1.02 million WLL customers, 21.86 million broadband customers including both wireline and wireless broadband.

Stock Performance Snapshot

December 19, 2017 - At Tuesday's closing bell, UTStarcom Holdings' stock dropped 2.69%, ending the trading session at $6.15.

Volume traded for the day: 156.93 thousand shares.

Stock performance in the last month ? up 86.36%; previous three-month period ? up 168.56%; past twelve-month period ? up 209.05%; and year-to-date - up 207.50%

After yesterday's close, UTStarcom Holdings' market cap was at $223.31 million.

Price to Earnings (P/E) ratio was at 246.00.

The stock is part of the Technology sector, categorized under the Wireless Communications industry.

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