AsiaInfo to Build China Railcom's National IP Backbone; Contract Wins Strengthens Company's Dominant Position in China's National IP Backbone Construction Market.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)--Feb. 7, 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 network integration and software solutions in China, today announced that it has signed a contract to build the national IP backbone for China Railcom, the youngest carrier among the six licensed telecom services providers in China. Under the terms of the contract, AsiaInfo will design and implement the national IP backbone for China Railcom, expanding network coverage from approximately 30 cities (nodes) to 128 cities (nodes). Established in December 2000, China Railcom is one of the six licensed telecom service providers in China. With 51% of its stake owned by Ministry of Railway, China Railcom employs a staff of 69,000 people. It is a multi-service vendor, providing long distance services, local fixed-line services as well as data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. services. AsiaInfo was selected following a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process against a number of leading global network integrators. The contract demonstrates AsiaInfo's indisputable leadership position in China's IP backbone market, as well as establishes a strong relationship between AsiaInfo and China Railcom. AsiaInfo has been commissioned to build all of the national IP backbones in China, including ChinaNet for China Telecom, CNCNet for 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. , CMCCNet for China Mobile, UniNet for 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 now RailNet for China Railcom. "This contract denotes another significant win for AsiaInfo. We have again secured a new and important telecom customer by demonstrating our strong technology leadership, intimate customer understanding, robust delivery capability and efficient cost structure," said James Ding, president and chief executive officer, "Building the national IP backbone for China Railcom is the first step toward offering AsiaInfo's entire suite of software solutions to the customer's thirty one provincial subsidiaries in China. We are confident that China's telecom market will continue to show a strong growth in 2002 and beyond, and we will strive to deliver solid results as we projected." Ding concluded, "This investment by China Railcom is an indication of continued development in China's telecom industry and illustrates the confidence of China's carriers in the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. potential of the industry. We at AsiaInfo are extremely well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growth of China's telecom industry as carriers are increasingly focused on competitiveness, offering convergent telecom services and enhancing profitability. We continue to see strong prospects for our growth in concert with the development of China's telecom industry and are confident in our ability to execute on our plans and create shareholder value." About AsiaInfo Holdings, Inc. AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of telecom network integration and software solutions in China. Its customer management and billing software products meet the complex, mission-critical provisioning, accounting, reporting and marketing needs of 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 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. . The company's convergent software suite also includes carrier-scale messaging and network management products. AsiaInfo constructs backbones, provincial and access networks for China's telecom carriers while providing high-end network solutions including operations support, network management and security, and service applications. Registered in Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). , AsiaInfo has served as a chief architect of China's Internet infrastructure since 1995, 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 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. --30--am/sf* slt
CONTACT: AsiaInfo Holdings, Inc.
408/970-0080 (Investors)
ir@asiainfo.com
or
AsiaInfo Technologies (China), Inc.
Stella Chen, 86-10-6250-1658 ext. 6031 (Investors)
chenying@asiainfo.com
or
Ogilvy Public Relations Worldwide
Patrick Duplat, 86-10-6443-6488 ext. 505 (Media)
patrick.duplat@ogilvy.com
KEYWORD: CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: E-COMMERCE INTERNET NETWORKING SOFTWARE
TELECOMMUNICATIONS
SOURCE: AsiaInfo
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