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UTStarcom clinches network deal
12/7/2005 17:36

Jane Chen / Shanghai Daily news

Nasdaq-listed UTStarcom Inc., a leading telecommunications equipment manufacturer and supplier of the cordless phone system Little Smart, announced yesterday that it has landed a US$100 million deal from China's largest telecom operator and Little Smart operator China Telecommunications Corp, Sina.com reported.
Under the deal, UTStarcom will provide equipment for China Telecom to expand their Internet Protocol Little Smart networks in Shanghai and the provinces of Zhejiang, Jiangsu, Hubei, Guangdong, Guagnxi, Fujian and Yunnan.
Despite a slowdown in the roll-out of China's new Little Smart networks, the Little Smart market is booming, the US-based company said. It still regards Little Smart as the best wireless phone technology and a key contributor to fixed-line telecom operators' revenues.
Citing China Telecom Authority data, UTStarcom said Little Smart users had increased to 77 million nationwide by the end of May, recording an average growth rate of 12.5 percent in the first five months.
The growth of Little Smart business has accounted for 60 percent of the total growth in China's fixed-line phone market.