AsiaInfo Continues to Expand Software Installation in Anhui Telecom.Business Editors BEIJING and SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--May 15, 2001 AsiaInfo Holdings, Inc. (Nasdaq:ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. ), a leading provider of software products and infrastructure solutions for next generation network operators in China, announced today it has signed another contract to support Anhui Telecom, a provincial subsidiary of China Telecom, in enhancing the capacity of its provincial Internet. This contract is valued at more than US$ 2 million in total, majority of which is for software products and services. Under the contract, AsiaInfo's carrier-scale messaging software (AIMC AIMC Associazione Italiana Maestri Cattolici (Italian Association of Catholic Teachers) AIMC Associate of the Inner Magic Circle AIMC Ancient Iron Motorcycle Club AIMC Army Information Management Committee ) and customer management and billing software (AIOBS) will facilitate the third phase of Anhui Telecom's provincial network expansion project. Upon the completion of this phase, the customer will be able to serve over 1 million end users, more than doubling the capacity of the project's second phase, which was completed in late 1999. Following its efforts in Anhui Telecom's previous communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. construction, AsiaInfo was again selected to build the third phase expansion project, in which AsiaInfo will adopt advanced broadband technology broadband technology Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals. to further accelerate the access speed for Internet users in Anhui province. With a population of more than 60 million, Anhui offers tremendous opportunities for the communications service business and technology enablers such as AsiaInfo. In light of the increasing competition in the telecom service sector, AsiaInfo is well positioned to assist its clients, mainly network operators, in maintaining a competitive edge in the market. "With the superb performance of the world-class products, reliable service quality and strong local support teams, AsiaInfo is our best choice for ensuring the smooth growth of our network. We are pleased to continue this relationship with AsiaInfo, and are confident in the company's ability to support our expansion projects," Said Mr. Gao Shan Zhu, President of Anhui Telecom. "While developing partnerships with new clients, AsiaInfo further strengthens long-term cooperation with the established partners like Anhui Telecom. With the stable increase in domestic Internet users, we expect our software customer base to continue to expand, which will result in a significant contribution to the overall growth of our business. Software revenue is projected to account for 40% of our total net revenue in 2001, which we are well on track to achieve," Mr. Hong Kun Han, Senior Vice President of Corporate Sales at AsiaInfo commented after the company won the contract. About AsiaInfo Holdings, Inc. AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of software products and infrastructure solutions for next generation network operators in China. The company offers telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. total network solutions for their Internet infrastructure requirements and develops proprietary software for Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , Internet content providers See content provider. and telecommunications service providers. The company's customer management and billing software products meet the complex, mission-critical provisioning, accounting, reporting and marketing needs of Internet and telecommunications service providers. The company also offers carrier-scale messaging products to Internet service providers and Internet content providers. Since it moved its operations from the US to China in 1995, AsiaInfo has served as a chief architect of the country's Internet infrastructure, crafting the Internet backbones A group of communications networks managed by several commercial companies that provide the major high-speed links across the country. ISPs are either connected directly to these backbones or to a larger regional ISP that is connected to one. for all the major national carriers including China Telecom, China Mobile, China Unicom China Unicom, full name China United Telecommunications Corporation, 中国联通, HKSE: 0762 NYSE: CHU, is a telecommunication operator in the People's Republic of China. 52. and China Netcom China Netcom, full name China Netcom Group Corporation (Hong Kong) Limited, abbreviated CNC, was originally formed in August 1999 by the People's Republic of China government to enable inward investments to build high speed Internet communications in the country. . For more information about AsiaInfo, please visit www.asiainfo.com The statements in this news release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that could cause actual results to differ from anticipated results. Further information on risk factors that could affect AsiaInfo's results of operation are detailed in AsiaInfo's registration statement, as filed with the Securities and Exchange Commission. A copy of the registration statement, including exhibits, may be reviewed at the Commission's public reference room at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549. The registration statement and other company filings can also be reviewed by accessing the Commission's Internet site at http://www.sec.gov, which contains reports, proxy and information statements and other information regarding registrants that file electronically with the Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion