SANTA CLARA, Calif. and BEIJING, Jan. 26 /PRNewswire-Asia-FirstCall/ -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA) ("AsiaInfo" or "the Company"), a leading provider of telecom software solutions and IT security products and services in China, today announced it signed contracts with both China Mobile and China Unicom to develop a Mobile Number Portability ("MNP") hub platform to support ongoing trial testing in the cities of Hainan and Tianjin.
In order to successfully support the trial testing, AsiaInfo will upgrade China Mobile's and China Unicom's existing billing, CRM and BI systems at the headquarter level. The MNP hub platform is being developed in response to subscriber demand for retaining mobile phone numbers when switching between telecom operators. The MNP hub platforms will have the capacity to collect and manage user information such as payment and charging activities on a nationwide basis. Once user information is collected by the hub platforms, it will be sent to the Ministry of Industry and Information Technology's (MIIT) database for centralized management.
AsiaInfo's President and Chief Executive Officer Steve Zhang, commented, "If implemented nationwide, this will be a significant development for mobile subscribers in China and is bound to increase competition amongst the carriers as users were not able to switch telephone numbers prior. This repository of user information will collect data from all provinces in China and can be used to match a user's mobile number with the telecom operator hosting their mobile service. Most importantly, this solution speaks to our ability to evolve and deliver best-of-class products to China's rapidly evolving telecom industry."
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 its 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 and China Unicom. 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 .
The information contained in this document is as of January 26, 2010. 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, 2008, and in our periodic reports on Forms 10-Q and 8-K 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:
Sheryl Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
Justin Knapp
Ogilvy Financial, Beijing
Tel: +86-10-8520-6556
Email: asia@ogilvy.com
In the United States:
Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
Email: asia@ogilvy.com
