AsiaInfo Signs Contract With China Unicom for Video Conferencing Application.Business Editors/High-Tech Writers BEIJING & 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)--Sept. 9, 2002 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 telecom software solutions in China, today announced that it has signed a contract to provide a new IP network application of video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. services to 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. , one of the largest telecom carriers in China. As it looks to further enhance its competitiveness in an intense market, China Unicom is continuing to invest in high value-added software and solutions that enable it to generate new business and improve profitability. Its VoIP network, which is the world's largest, is an early example of such investment. Since then, China Unicom has been benefiting from the tremendous usage of VoIP services in China. Video conferencing services are expected to be another application to generate increasing revenue for the carrier. Initially, China Unicom's video conferencing services will be targeted at business customers, who can hold audio and visual conferences with their colleagues, customers and partners at different locations. Eventually, such services will be offered to the mass market, as the demand increases. "We continue to see carriers' demand for `killer apps', as they look to improve their return on network investment. Our in-depth knowledge of the Chinese telecom market allows us to leverage internal and external resources to quickly offer advanced service application solutions to our customers," said James Ding, president and chief executive officer of AsiaInfo. "This contract with China Unicom testifies not only our application solution development and delivery capability, but also AsiaInfo's success in moving up the value chain from telecom networks construction to networks management and to provisioning of new applications over networks. Moreover, as carriers deploy more of such new applications, their demand for high-end software solutions such as billing and customer management solutions will escalate es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. . AsiaInfo will take advantage of this trend." About AsiaInfo Holdings, Inc. AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of telecom software solutions in China. The company provides high-quality software and solutions to China's telecom carriers, meeting the demanding needs of a fast-growing industry. The company offers a full range of telecom software solutions including Network Infrastructure, Operation Support Systems and Service Applications. AsiaInfo's products and services cover network infrastructure services, including design, implementation, operation and optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. , customer care and billing software; decision support system software; and service applications encompassing messaging, broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). , wireless and other advanced applications. A Delaware-registered company, AsiaInfo has constructed national backbones and provincial access networks for all of China's major national telecom carriers since 1995, including China Telecom, 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. , China Mobile, China Unicom and China Railcom. Since 2000, the company has successfully shifted its focus from Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the infrastructure construction to the provision of a full suite of telecom software solutions. For more information about AsiaInfo, please visit http://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 judiciary Branch of government in which judicial power is vested. The principal work of any judiciary is the adjudication of disputes or controversies. Regulations govern what parties are allowed before a judicial assembly, or court, what evidence will be admitted, what 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. |
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