AsiaInfo Wins Tender to Develop Billing and CRM Systems for China Telecom in Heilongjiang...

AsiaInfo Wins Tender to Develop Billing and CRM Systems for China Telecom in
Heilongjiang and Henan Provinces

BEIJING and SANTA CLARA, Calif., Aug. 27 /Xinhua-PRNewswire-FirstCall/ --
AsiaInfo Holdings, Inc. (Nasdaq: ASIA), a leading provider of telecom software
solutions and IT security products and services in China, today announced that
it has won a tender with China Telecom, the world's largest fixed-line
telecommunications and broadband service provider, to develop billing and CRM
systems, the major components of a Business Support System (BSS), for China
Telecom's subsidiaries in Heilongjiang and Henan provinces.
Under the recently announced restructuring plan for China's
telecommunications industry, China Telecom will acquire China Unicom's CDMA
network. To ensure the successful operation of the CDMA network and the smooth
migration of existing CDMA users from China Unicom, AsiaInfo expects to
develop a full set of independent billing and CRM solutions for Heilongjiang
Telecom and Henan Telecom. The new billing and CRM systems will be able to
accommodate mobile, broadband and fixed line operations and are expected to be
online at the end of this year.
''We are delighted to win this tender and leverage our world-class telecom
software solutions to help China Telecom to transform from a primarily fixed-
line and broadband operator to an integrated telecommunications provider with
nationwide services and a diversified product offering,'' said Steve Zhang,
AsiaInfo's president and chief executive officer. ''In the midst of industry's
restructuring, we continue to see significant opportunities as three newly
integrated service providers ramp up competition on a leveled playing field,
increasing the demand for leading software and services. This win further
validates our efforts to gain market share among all of China's telecom
operators and lays the foundation for future cooperation in promising areas
such as value-added services and business intelligence solutions.''
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (Nasdaq: ASIA) is a leading provider of high-
quality telecom software solutions and IT security products and services to
some of China's largest enterprises as well as many small and medium sized
companies in China. An established leader in the Chinese telecommunications
industry, AsiaInfo became a prominent supplier of IT security products and
services in China with the acquisition of Lenovo's non-telecom related IT
services business in 2004.
Organized as a Delaware corporation, AsiaInfo began operations in the
United States in 1993. The Company moved major operations to China in 1995 and
played a significant role in the construction of the national backbones and
provincial access networks for all of China's major national telecom carriers,
including China Telecom, China Mobile, China Unicom and China Netcom. Since
1998, AsiaInfo has continued diversifying its product offerings and is now a
major provider of telecom software solutions in China.
For more information about AsiaInfo, please visit http://www.asiainfo.com
.
Safe Harbor Statement
The information contained in this document is as of August 27, 2008.
AsiaInfo assumes no obligation to update any forward-looking statements
contained in this document as a result of new information or future events or
developments.
This document contains forward-looking information about AsiaInfo's
operating results and business prospects that involve substantial risks and
uncertainties. You can identify these statements by the fact that they use
words such as "anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," and other words and terms of similar meaning in connection with any
discussion of future operating or financial performance. Among the factors
that could cause actual results to differ materially are the following:
government telecommunications infrastructure and budgetary policy in China;
our ability to maintain our concentrated customer base; the long and variable
billing cycles for our products and services that can cause our revenues and
operating results to vary significantly from period to period; our ability to
meet our working capital requirements; our ability to retain our executive
officers; our ability to attract and retain skilled personnel; potential
liabilities we are exposed to because we extend warranties to our customers;
risks associated with cost overruns and delays; our ability to develop or
acquire new products or enhancements to our software products that are
marketable on a timely and cost-effective basis; our ability to adequately
protect our proprietary rights; the competitive nature of the markets we
operate in; political and economic policies of the Chinese government. A
further list and description of these risks, uncertainties, and other matters
can be found in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2007, and in our periodic reports on Forms 10-Q and 8-K (if any)
filed with the United States Securities and Exchange Commission and available
at www.sec.gov.
For investor and media inquiries please contact:

Sheryl Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com

Andrew Keller
Ogilvy Financial, Beijing
Tel: +86-10-8520-3112
Email: andrew.keller@ogilvy.com

SOURCE AsiaInfo Holdings, Inc.

Sheryl Zhang, AsiaInfo Holdings, Inc., +86-10-8216-6039, or ir@asiainfo.com;
or Andrew Keller, Ogilvy Financial, Beijing, +86-10-8520-3112, or
andrew.keller@ogilvy.com