BEIJING and SANTA CLARA, Calif., Feb. 8 /PRNewswire-Asia/ -- 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 has signed contracts to upgrade China Mobile's Phase-I Next Generation Business Operation Support System ("NG-BOSS") to Phase-II NG-BOSS in Inner Mongolia, Liaoning and Gansu province.
"China Mobile's Phase-II NG-BOSS rollout is being driven by increased competition among China's telecom operators and the need for cutting edge IT solutions to retain customers," said AsiaInfo's President and Chief Executive Officer Steve Zhang. "The telecom operators are determined to provide bundled fixed-line, broadband and mobile businesses as well as win enterprise, family and individual customers. And they understand that best-of-class billing and customer relationship management software is essential to achieving this goal. I'm pleased with this development and look forward to the opportunity to upgrade other systems from our installation base in the coming quarters."
China Mobile's Phase-II NG-BOSS rollout is being initiated in response to the carriers' goal of becoming a fully integrated service provider with bundled fixed-line, broadband and mobile businesses. AsiaInfo's Phase-II NG-BOSS system will support China Mobile's more comprehensive bundled services and TD-SCDMA functionality and will enable it to better serve its enterprise, family and individual customers.
AsiaInfo currently provides BOSS systems for 11 of 31 China Mobile subsidiaries.
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 February 8, 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 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:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
Email: asia@ogilvy.com
