UTStarcom Holdings Corp. (UT斯达康) is a Chinese global telecom infrastructure provider headquartered in Beijing.[1][2][3] The company develops and supplies a broad range of telecommunication devices to communications service providers and network operators including fixed and mobile network operators, as well as to enterprises. Traditionally, the company had focused on markets in China, Japan, and India, but has expanded to markets in Africa, Central and Latin America, and the Middle East.[4]
Native name | UT斯达康 |
|---|---|
| Company type | Public |
| Nasdaq: UTSI | |
| Industry | Telecommunications equipment |
| Founded | 1991 |
| Founders | Hong Liang Lu Ying Wu |
| Headquarters | Beijing, China |
Area served | Worldwide |
Key people | Tim Ti (CEO) Zhaochen Huang (COO) Steven Chen (CMO) |
| Products | Packet optical networking equipment, wireless products, broadband access products, SDN |
| Revenue |  US$101.6 million (2015) |
 US$-9.8 million (2015) | |
Number of employees | >600 (2016) |
| Website | utstar |
The company's products are designed to work with existing telecommunications infrastructure to provide low-cost voice and data services for access to both wireless (Wi-Fi) and fixed line products, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data.[5] As of 2015, the company focuses on two core areas: broadband and next-generation network (NGN).
The company has offices worldwide with business and R&D centers located in China, Japan, South Korea, India, the Middle East and Europe.[6] It is listed on the NASDAQ since 2000.[7]
History
editThe company was founded in 1995 as a merger between Unitech and Starcom Networks to form UTStarcom. Unitech was founded in 1991 by Hong Liang Lu (陆弘亮), a Chinese entrepreneur with a BS degree from UC Berkeley,[8] as Unitech Telecom. It was focused on the telecommunications markets in China, Japan, United States and India, with its initial presence in China established in 1993 in Hangzhou, Zhejiang.[4] Starcom Networks was founded in 1991 by Ying Wu (吴鹰) and a team who had worked together at the Bell Labs in New Jersey, United States.[9]
After several years of trying to expand its business globally, UTStarcom launched the Personal Handy-phone System, also known as the Personal Handy-phone System, a technology originally developed in Japan.
In March 2000, UTStarcom went public on the NASDAQ.
In July 2008, UTStarcom sold its Personal Communications Division to AIG.[10]
References
edit- ^ "UTStarcom Announces Effectiveness of Registration Statement and Mailing of Definitive Proxy Statement/Prospectus for Its 2011 Annual Meeting of Stockholders". U.S. Securities and Exchange Commission.
Founded in 1991, listed on the NASDAQ in 2000, the Company has its operational headquarters in Beijing, China
- ^ "UTStarcom Closes Strategic Investment by Beijing E-town International Investment and Development Co., Ltd and Other Investors". UtStarcom Investor Relations. September 7, 2010.
UTStarcom's operational headquarters have been moved to Beijing, China.
- ^ "UTStarcom to Relocate Headquarters Back to China; to Revamp Core Services". Market Intelligence & Consulting Institute. March 25, 2010.
UTStarcom recently announced that the company's headquarters will be moved to Beijing, China, with an aim to boost its market presence in China.
- ^ a b "UTStarcom, Inc. – Company Profile, Information, Business Description, History, Background Information on UTStarcom, Inc."
- ^ "Profile: UTStarcom Holdings Corp (UTSI.O)"
- ^ Maureen McKelvey; Sharmistha Bagchi-Sen (27 February 2015). Innovation Spaces in Asia: Entrepreneurs, Multinational Enterprises and Policy. Edward Elgar Publishing. pp. 175–. ISBN 978-1-78347-568-1.
- ^ "UTSI At a Glance"
- ^ "Mr. Hong Liang Lu". Pacrim Venture Partners.
- ^ AnnaLee Saxenian (2007). The New Argonauts: Regional Advantage in a Global Economy. Harvard University Press. pp. 250–. ISBN 978-0-674-02566-0.
- ^ UTStarcom Announces Strategic Divestiture of its Personal Communications Division