AsiaInfo Wins Multiple Contracts From China Mobile to Grow Wireless Data Services.Business/Technology Editors 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)--June 27, 2001 AsiaInfo Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 that it has signed multiple contracts with China Mobile to provide integration services and its flagship software products to enable the customer to offer value-added wireless data services. The contracts are valued at more than US$1.6 million in total, 50% of which is for software and services. AsiaInfo's convergent billing and customer management software (AICBS) will be deployed in Chongqing and Sichuan for wireless data services provisioning, billing clearance and data analysis for business decision support. In the fourth largest province and the largest city in China -- with a total population of 114 million, Sichuan Mobile and Chongqing Mobile are serving a large base of mobile users. AsiaInfo will also provide its 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 customization services to establish a connection between China Mobile's GSM network and its wireless Internet network, that will enable mobile users to enjoy an expanded scope of wireless data services. China Mobile has been a user of AsiaInfo's AIMC software since it adopted the software for its national backbone buildout The construction and implementation of a system. For example, "network buildout" implies constructing the network and going online. in 2000. Since the late 1990's, China's mobile market has been growing at an impressive rate, and the number of mobile users in China reached 85 million by the end of 2000. Wireless services providers are seeking new ways to take advantage of this large and continually growing customer base. AsiaInfo's products and solutions are positioned to assist carriers with this effort in a variety of aspects, including value-added services provisioning, customer management, decision support and other back-end functions. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , multi-service offerings will result in a complex billing clearance issue among mobile services providers and other telecom carriers, presenting an additional business opportunity for AsiaInfo's products and services. James Ding, president and chief executive officer of AsiaInfo said, "The wireless data market in China undoubtedly offers tremendous business opportunities for AsiaInfo in 2001 and beyond. End users' favorable initial responses and carriers' continuous investment in infrastructure have been very encouraging." He continued, "AsiaInfo has been developing convergent billing product for the last two years, and the current market development further validates our vision and leadership in this area. By providing high reliability, availability, scalability, security and performance, our products and solutions will help wireless services providers to enhance their service offering, operational efficiency and customer relationships in an effort to maintain competitiveness in the increasingly deregulated market." 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. Its customer management and billing software products meet the complex, mission-critical provisioning, accounting, reporting and marketing needs of Internet and 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. . In addition, the company supplies carrier-scale messaging products to 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. in China. Since it moved its operations from the US to China in 1995, AsiaInfo has served as a chief architect of China's Internet infrastructure, crafting 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 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 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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