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Under the recently announced restructuring plan for China's telecommunications industry, China Telecom will acquire China Unicom's CDMA network. To ensure the successful operation of the CDMA network and the smooth migration of existing CDMA users from China Unicom, AsiaInfo expects to develop a full set of independent billing and CRM solutions for Heilongjiang Telecom and Henan Telecom. The new billing and CRM systems will be able to accommodate mobile, broadband and fixed line operations and are expected to be online at the end of this year.
''We are delighted to win this tender and leverage our world-class telecom software solutions to help China Telecom to transform from a primarily fixed- line and broadband operator to an integrated telecommunications provider with nationwide services and a diversified product offering,'' said Steve Zhang, AsiaInfo's president and chief executive officer. ''In the midst of industry's restructuring, we continue to see significant opportunities as three newly integrated service providers ramp up competition on a leveled playing field, increasing the demand for leading software and services. This win further validates our efforts to gain market share among all of China's telecom operators and lays the foundation for future cooperation in promising areas such as value-added services and business intelligence solutions.''
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (Nasdaq: ASIA | Quote | Chart | News | PowerRating) is a leading provider of high- quality telecom software solutions and IT security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.
Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.
For more information about AsiaInfo, please visit http://www.asiainfo.com .
Safe Harbor Statement
The information contained in this document is as of August 27, 2008. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.
This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable billing cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at www.sec.gov.
For investor and media inquiries please contact: Sheryl Zhang AsiaInfo Holdings, Inc. Tel: +86-10-8216-6039 Email: ir@asiainfo.com Andrew Keller Ogilvy Financial, Beijing Tel: +86-10-8520-3112 Email: andrew.keller@ogilvy.com
SOURCE AsiaInfo Holdings, Inc.
http://www.asiainfo.com
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