China Mobile Guangxi Selects AsiaInfo to Build Operation Support Systems `OSS'; Contract Further Validates Company's Leading Position in China's OSS Market.

Business Editors/High-Tech Writers

BEIJING/SANTA CLARA, Calif.--(BUSINESS WIRE)--March 4, 2002

AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of telecom network integration and software solutions in China, today announced that Guangxi Mobile, a provincial subsidiary of China Mobile, has selected Bonson Technology, a wholly-owned subsidiary of AsiaInfo, to provide the carrier with its integrated operation support system (OSS) solution. The total contract is valued at US$3.9 million, of which more than 83% is for software and services.

Under the terms of the contract, Bonson will provide Guangxi Mobile with an integrated software platform encompassing data collection, billing, accounting, settlement, comprehensive reporting, customer service and decision support system. Bonson Technology was recently acquired by AsiaInfo and the company's operations are currently being integrated with AsiaInfo's.

This contract win solidifies AsiaInfo's number one position in China's telecom OSS market with a 25 to 30 percent market share. AsiaInfo has developed the most advanced OSS technology in China, and its ongoing commitment to R&D at its Beijing OSS center has facilitated the company in sustaining its leading position. The acquisition of Bonson has brought AsiaInfo closer relationships with an expanded group of mobile operators, allowing for an intimate understanding of the carriers' business operations and technical needs, a critical factor for the successful design and implementation of OSS solutions.

James Ding, AsiaInfo president and CEO, commented, "OSS is one of the fastest growing areas of China's telecom investment and one of the driving forces for AsiaInfo's continued growth in 2002. Customers have shown confidence in AsiaInfo's OSS offerings through our previous installations and this contract win. This contract also indicates that Bonson retains its momentum in securing new customers and businesses after the acquisition. Upon full integration in next few months, AsiaInfo's OSS team will be the largest OSS expertise group in China, with a total staff of over 350 for solution development and delivery."

Ding continued, "Building upon its historical dominance in China's data communication market, with its flagship software products -- AIOBS (billing and customer care) and AIMC (messaging), deployed by China Unicom's CDMA network and China Mobile's GPRS network, AsiaInfo's wireless billing software has strengthened the company's competitiveness in the wireless voice market in the country. With the acquisition of Bonson, AsiaInfo's expertise in telecom operation support system solutions has set it out from the competition and enabled the company to capitalize on this remarkable opportunity. We are confident that we will establish ourselves as a premium telecom software solution provider in China with a complete suite of offerings for fixed-line voice, wireless and data communications."

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of telecom network integration and 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's three strategic business units -- network Infrastructure, Operation Support Systems and Service Applications -- offer a full-range of front- and back-end telecom software solutions. AsiaInfo's products and services cover network infrastructure services including design, implementation, operation and optimization, customer management and billing solution; decision support system; and service applications encompassing messaging, broadband, 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 Mobile, China Unicom and China Netcom. Since 2000, the company has successfully shifted its focus from Internet 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 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.