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China Unicom Selects AsiaInfo to Build World's Largest VoIP Network; Under New Agreement, AsiaInfo To Build 311-city VoIP Network throughout China
SAN FRANCISCO--(BUSINESS WIRE)--April 6, 2000--AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of Internet infrastructure solutions and software products in China, announced today that it has been awarded a major contract to build a 311-city nationwide Voice over IP (VoIP) network in China for China Unicom. The agreement, signed on March 31, follows on the successful completion of a pilot project led by AsiaInfo to provide IP telephony service in 12 cities in China.
Under the terms of its contract with China Unicom, AsiaInfo will build what is expected to be the largest VoIP network in the world. Once completed, this network will be able to carry 8 billion minutes of long distance calls per year, providing dial-up services to consumers and businesses through wire-line as well as wireless connections.
"AsiaInfo is a natural choice for us as a long-term partner," said Liu Yunjie, CTO of China Unicom, "The company brings years of experience as a market leader in providing Internet infrastructure solutions in China."
"We are pleased that China Unicom continues to show confidence in AsiaInfo and has awarded us the contract to build the largest VoIP network in the world," said James Ding, CEO of AsiaInfo Holdings, Inc. "We are committed to working together with customers like China Unicom to bring high quality, reliable and cost effective IP telephony services to customers all over China."
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (Nasdaq:ASIA) is a leading provider of Internet infrastructure, total solutions and software in China, one of the world's fastest growing Internet markets. The company offers telecommunications service providers in China total network solutions for their Internet infrastructure requirements and develops proprietary software for Internet service providers, Internet content providers and telecommunications service providers.
Since it moved its operations from the US to China in 1995, AsiaInfo has served as a chief architect of China's Internet infrastructure. AsiaInfo has been pioneering the development of China's Internet infrastructure by designing and building the first national commercial Internet backbone in China, ChinaNET, as well as the first provincial Internet backbone in China, GuangdongNET. The company is also building the other two national commercial Internet backbones in China: UniNET of China Unicom and CNCNET of China Netcom.
AsiaInfo develops, markets and supports real time, scalable and adaptable proprietary Internet software solutions tailored to meet the needs of clients in China. The company's customer management and billing software products meet the complex, mission-critical provisioning, accounting, reporting and marketing needs of Internet and telecommunications service providers. The company also offers carrier-scale-messaging products to Internet service providers in China. For more information about AsiaInfo, please visit www.asiainfo.com.
About China Unicom
China United Telecommunications Corporation (China Unicom) was established in 1994 and is the second-largest national public telecommunications operator in China. China Unicom provides a wide array of services, including long distance telephone services, local telephone services, mobile communications services, and data communications services. China Unicom has over 10,000 employees and owns 6 subsidiaries with 163 branches in China.
The statements in this news release contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from anticipated results. Further information on risk factors that could affect AsiaInfo's result of operation is detailed in AsiaInfo's Registration Statement, as filed with the Securities and Exchange Commission. A copy of the registration statement, including exhibits, may be reviewed at the Commission's public reference room at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549. The registration statement and other company filings can also be reviewed by accessing the Commission's Internet site at sec.gov, which contains reports, proxy and information statements and other information regarding registrants that file electronically with the Commission. |
