UTStarcom India Telecom today announced its plan to increase its investment in India for setting up its manufacturing facility and R&D.
“We have been committed to the Indian communications industry and have been making the required investments in India. The company would be increasing its investment in India so as to further consolidate its presence in the Indian telecom infrastructure market,” said Tim Ti, chief executive officer of UTStarcom.
UTStarcom has posted revenue of $80.2 million (–31.5 percent) with gross margin of 31.3 percent (23.8 percent) and net income of $1 million in 2016.
UTStarcom Holdings Corp. in March 2017 said it has received a preliminary non-binding proposal from Shah Capital Opportunity Fund, Himanshu H. Shah, Hong Liang Lu and his affiliates to acquire the company for $2.15 in cash per ordinary share.
The Hong Kong headquartered UTStarcom did not reveal specific investment plans in the coming months in the Indian telecom market. Rahul Pandey is the managing director- Sales & Marketing at UTStarcom India.
The telecom infrastructure company would be making investments for increasing its equipment portfolio and scaling up its manpower in India.
“Besides focusing on increasing the equipment portfolio, we have decided to localize the optical transport and broadband solutions for Indian market,” said Zhaochen Huang, chief operating officer of UTStarcom Inc.
BSNL, a telecom operator in India, is one of the customers of UTStarcom.
Anupam Shrivastava, chairman and managing director of BSNL, said: “BSNL together with its technology partners will play an important role in Digital India campaign launched by Government of India.”
UTStarcom showcased its next generation solutions and demonstrated its next generation solutions, including SDN, NG –PTN, SyncRing, carrier grade Wi-Fi solution, IMS platform and NGN Access at an event in Guugram.
Recently, UTStarcom India has supplied access points for hotspots and data off-load across North and East India. UTStarcom has played a vital role in NGN project with BSNL. The company has upgraded BSNL network to offer next generation multimedia services to its customers, which entailed migrating existing PSTN/ISDN customers to Next Generation Network (NGN) to enable supplementary services using Internet Protocol (IP) along with basic telephony.
By Damini Juyal and Siddharth Jaiswal
