UTStarcom Wins Multi-Million Dollar China Telecom Research Institute RFP for Manufacturing 5G Transport Network Routers
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UTStarcom (NASDAQ:UTSI) has won a significant contract from the China Telecom Research Institute to manufacture 5G transport network routers. This contract is part of China Telecom's efforts to enhance its metropolitan area network, crucial for its 5G services.
January 22, 2025 | 9:30 am
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UTStarcom has been awarded a major contract by China Telecom Research Institute to manufacture 5G transport network routers, enhancing its position in the telecom infrastructure market.
The contract win is a significant development for UTStarcom as it positions the company as a key player in the 5G infrastructure market in China. This could lead to increased revenue and market share, positively impacting the stock price in the short term.
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