UTStarcom Signs Framework Agreement with Tongding Internet Information

UTStarcom (NASDAQ:UTSI) announced that the company has formed a strategic partnership with Tongding Internet Information for joint marketing and distrubution of the respective productive in China and international markets.

As quoted in the press release:

UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access.

Based in Wujiang, China, Tongding Internet Information Co., Ltd. specializes in the research and development, manufacturing, sales and distribution of communication cables and optical fibers.  TD’s main products include optical fibers, urban communication cables, communication optical cables, railway signal cables, rail transit cables, radio frequency (RF) cables, optical instruments, electromechanical communication equipment, and ancillary products.  TD is also involved in mobile internet and Internet of Things application.

Upon the formation of this strategic partnership, UTStarcom and TD intend to focus on developing their optical fiber cable businesses in India as well as marketing and selling UTStarcom’s flagship PTN and SyncRing products in China.

UTStarcom’s CEO, Mr. Tim Ti commented, “We are excited to partner with Tongding to further capture our business opportunities around the world. The partnership enables both companies to fully leverage our combined sales channels, market presence, customer base and an expanded portfolio of products. We look forward to building a long and productive relationship with Tongding.”

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