AsiaInfo Wins Multiple Contracts From China Telecom Provincial Subsidiaries.Business Editors/High-Tech Writers BEIJING, China & 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 18, 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 that it has signed contracts to support Tianjin Telecom and Guangdong Telecom, two provincial subsidiaries of China Telecom, in the buildout of broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. and provicial network expansion. The two contracts are valued at more than US$10million, around one fourth of which is for services and software. AsiaInfo will provide network equipment and integration services to expand China's first provincial network -- GuangdongNet, which was first built by AsiaInfo in 1995. Guangdong is among the most economically developed provinces in China, with a population of 86 million. Due to the soaring Internet usage in the country, AsiaInfo will continue to expand on its leading market position as a key partner of Chinese telecom carriers in further building and expanding network infrastructure. Under the contract with Tianjin Telecom, AsiaInfo will provide broadband network integration services, broadband billing and customer management and broadband network management software. Tianjin is the fourth largest city in the country with a population of more than 10 million. The completion of the project will enable the client to provide a series of high speed IP services, including Internet Data Center (IDC), Voice over IP(VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a ) and Virtual Private Network(VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ). As competition in the telecom market intensifies, services providers are seeking to expand their value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. offerings. Increased offerings have led to a bottleneck in bandwidth. As a result, broadband network construction is gaining popularity among China's telecom carriers. With a full suite of convergent communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems , AsiaInfo is positioned to take advantage of the market opportunity in supporting China's broadband infrastructure bulid-out. "AsiaInfo has been successfully strengthening existing customer relationships by offering new solutions and products that are tailored to the evolving business needs of network operators. Growing with the Internet and telecommunications industry in China
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. 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, and China Netcom. For more information about AsiaInfo, please visit http://www.asiainfo.com. The statements in this news release contain forward-looking statements 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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