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AsiaInfo to Develop New Business Support Systems for China Unicom
Thursday, November 20, 2008
New Systems to Cover Hunan and Zhejiang Provinces
BEIJING and SANTA CLARA, Calif., Nov. 20 /PRNewswire-FirstCall/ --
AsiaInfo Holdings, Inc. (Nasdaq: ASIA), a leading provider of telecom software
solutions and IT security products and services in China, today announced that
it has signed a contract with China Unicom, a leading telecom provider in
China, to develop new Business Support Systems ("BSS systems"), for China
Unicom's subsidiaries in Hunan and Zhejiang provinces.
"We are delighted China Unicom has selected our world-class telecom
software solutions to assist them consolidate operations into a full-service
operator," said Steve Zhang, AsiaInfo's president and chief executive officer.
"With the competitive landscape for China's three newly integrated telecom
carriers becoming increasingly competitive, our customized solutions allow
carriers to improve their offerings and differentiate services. China
Unicom's decision to use our BSS systems further demonstrates their commitment
to deepening our relationship and lays the groundwork for future cooperation
in promising areas such as value-added services and business intelligence
solutions."
Under the terms of the agreement, AsiaInfo will develop new BSS systems
which include Customer Relationship Management ("CRM"), Partnership
Relationship Management ("PRM") and billing systems. The Company will
integrate China Unicom's existing GSM business with its recently acquired
fixed-line and broadband network into a single, unified system. The BSS
systems are expected to support China Unicom's value-added services to
increase the company's competitiveness and will assist in managing operations
and monitoring the performance of China Unicom's business partners to ensure
efficient and cohesive cooperation.
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (Nasdaq: ASIA) 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 November 20, 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 http://www.sec.gov .
For investor and media inquiries, please contact:
In China:
Ms. Sheryl Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
Mr. Andrew Keller
Ogilvy Financial, Beijing
Tel: +86-10-8520-3112
Email: andrew.keller@ogilvy.com
In the United States:
Mr. Thomas Smith
Ogilvy Financial, New York
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com
SOURCE AsiaInfo Holdings, Inc.
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