New System Will Support Diversified Business Model and Increased Subscriber
Growth in Northern Telecom's Nine Provinces
BEIJING and SANTA CLARA, Calif., July 10 /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 signed a contract with China Telecom to upgrade its Wireless Local Area
Network ("WLAN") system and IP billing system for Northern Telecom, the
northern division of China Telecom that covers nine provinces in northern
China. This is the sixth consecutive year in which AsiaInfo has won the
contract since 2002.
"This sixth successive contract win to upgrade Northern Telecom's WLAN
system and IP billing system speaks to AsiaInfo's ability to deliver
best-of-class, innovative software solutions in China's evolving telecom
industry, and is also another opportunity to deepen our relationship with
China Telecom," said Steve Zhang, AsiaInfo's president and chief executive
officer. "AsiaInfo's world-class OpenBilling system offers operators reliable,
scalable features that accommodate increased subscriber growth. Moreover, the
system offers the flexibility needed to adapt to a diversified business model
that now includes broadband, fixed line and mobile businesses -- an important
requirement for China Telecom as it expands into mobile services."
Under the terms of the contract, AsiaInfo will upgrade the WLAN system to
comply with China Telecom's WLAN 2.0 specifications, enabling it to
accommodate broadband, fixed line and mobile operations. The new IP billing
system will feature enhanced business management and back-office support
functions, the capacity of which will be expanded to support approximately 5
million users.
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
.
The information contained in this document is as of July 10, 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 http://www.sec.gov .
For more information, please contact:
For Investors:
Sheryl Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
For Media:
Andrew Keller
Ogilvy Financial, Beijing
Tel: +86-10-8520-3112
Email: andrew.keller@ogilvy.com
SOURCE AsiaInfo Holdings, Inc.
For investors, Sheryl Zhang of AsiaInfo Holdings, Inc., +86-10- 8216-6039, or
ir@asiainfo.com; for media, Andrew Keller of Ogilvy Public Relations Worldwide
for AsiaInfo Holdings, Inc., +86-10-8520-3112, or andrew.keller@ogilvy.com
