Rumor: UTStarcom to Shift to IPTV and Broadband Business

Sina Tech, 2/25/10

An informed source has revealed that Chinese telecom equipment maker UTStarcom (Nasdaq: UTSI) has begun a full-scale shift towards IPTV and broadband services in the China, India, and Japan markets, with other departments to be reorganized. In his first meeting with employees after an earlier restructuring, UTStarcom CEO Jack Lu said that the company would step up efforts to introduce DTV in Beijing, with the goal of helping make the capital a model for nationwide informatization efforts.

Editor's Note: For more background on this topic, please see "UTStarcom Receives USD 49 Mln in Financing, Replaces CEO" MD 2/01/10 issue.

Keywords: Jack Lu corporate restructuring IPTV television DTV UTSI UTStarcom telecom

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