Friday, May 09, 2008; Posted: 12:20 PM
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AsiaInfo Holdings Inc. was up over $0.03 on below average volume early trading Friday, May 9, 2008. They recently announced the following:
Friday, May 9, 2008 - AsiaInfo Holdings, Inc., a leading provider of telecom software solutions and IT security products and services in China, today announced that it has won a tender with China Telecom, the world's largest fixed-line telecommunications and broadband service provider, to develop an Online Charging System ("OCS") in Zhejiang province.
"Our OCS solution will play a critical role in the deployment of China Telecom's next generation networks," said Steve Zhang, AsiaInfo's president and chief executive officer. "This tender win deepens our relationship with China Telecom in the OCS space that began last year in Hebei province with their extended next generation wireless network trial. We are pleased to support the company again in its expansion from a fixed-line and broadband operator to a wireless service provider, and are looking forward to collaborating on more projects in the future."
Under the terms of the agreement, AsiaInfo will develop an OCS solution for China Telecom in Zhejiang province that is based on the Third Generation Partnership Project ("3GPP") standard and adheres to China Telecom's OCS specifications. AsiaInfo's OCS solution is a convergent online charging system that can accommodate real-time billing for both prepaid and postpaid accounts and offers the flexibility to combine a variety of charging methods to support future 3G data and value-added services. It also combines customer credit control and risk management analysis functionalities to lower credit risk in developing new business and expanding customer bases.
AsiaInfo is the first software billing vendor in China to successfully deploy both 3G BOSS and OCS solutions. The company has developed OCS solutions for China Mobile subsidiaries in Shanghai, Zhejiang and Pakistan. AsiaInfo has also developed an OCS solution for China Telecom's extended next generation wireless network trial in Hebei province.
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