AsiaInfo Wins Multiple Contracts from China Unicom And Subsidiaries
Posted on: Thursday, 26 June 2003, 06:00 CDT
BEIJING & SANTA CLARA, Calif.--(BUSINESS WIRE)--June 26, 2003--AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of telecom network and software solutions in China, today announced that it has signed a contract with China Unicom to upgrade its UniNet-based email system. Under separate contracts, two China Unicom subsidiaries, Henan Unicom and Hubei Unicom, have also contracted AsiaInfo to support the third phase of their provincial UniNet construction.
Anticipating more than 12 million UniNet users by the end of 2003, China Unicom contracted AsiaInfo earlier this year to deploy customized software solutions along with necessary equipment to improve UniNet's capacity, security, and MPLS-VPN (Multiple Protocol Label Switching Virtual Private Network) services. The new contract is aimed at further developing UniNet's email capacity by allowing the interactive sending and retrieving of emails via Short Message Services (SMS). AsiaInfo will also help to upgrade and expand Henan Unicom and Hubei Unicom's provincial UniNet, with a focus on enhancing their network operation and security management capabilities. China Unicom has awarded all of its previous backbone expansion contracts to AsiaInfo.
In addition to China Unicom's UniNet, AsiaInfo has designed and implemented most of China's major commercial Internet backbones and IP networks, including ChinaNET, China's first commercial Internet backbone, and China Mobile's CMCCNet, China Netcom's CNCNet, and China Railcom's RailNet.
"We are proud to be selected again by China Unicom as its preferred partner," said Xingsheng Zhang, President and Chief Executive Officer of AsiaInfo. "Our customers' trust and confidence is built on our ability to continuously offer high performing solutions and quality services, and it is critical to securing long-term recurring revenue streams. Our advantage lies in our customer installation base and market penetration and we are determined to continue delivering the best technologies tailored to best meet customers' needs."
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. AsiaInfo's products and services cover network infrastructure services including design, implementation, operation and optimization, customer management and billing solutions; decision support systems; and service applications encompassing messaging, broadband, wireless and other advanced applications.
Organized as a Delaware corporation, 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.
This release contains projections and other forward-looking statements regarding future events and the future financial performance of AsiaInfo that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by AsiaInfo with the SEC, specifically the most recent reports on Form 10-K, 10-Q and 8-K, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in AsiaInfo's most recent reports on Form 10-K and Form 10-Q, each as it may be amended from time to time. Any projections in this release are based on limited information currently available to AsiaInfo, which is subject to change.
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