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ASIA Matthews Pacific Tiger Active ETF

26.6729
-0.0236 (-0.09%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Matthews Pacific Tiger Active ETF AMEX:ASIA AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.0236 -0.09% 26.6729 26.69 26.6513 26.69 5,271 18:02:34

AsiaInfo to Develop Integrated BSS for China Telecom in Heilongjiang and Henan Provinces

27/07/2009 1:00pm

PR Newswire (US)


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BEIJING and SANTA CLARA, Calif., July 27 /PRNewswire-Asia-FirstCall/ -- AsiaInfo Holdings, Inc. (NASDAQ:ASIA) (the "Company"), a leading provider of telecom software solutions and IT security products and services in China, today announced it has signed contracts to integrate mobile and fixed-line Business Support Systems ("BSS") for China Telecom in Heilongjiang and Henan provinces. "Integrated billing and customer relationship management across multiple businesses is a crucial step in China Telecom's goal of becoming a leading, full-service telecommunications provider," said Steve Zhang, AsiaInfo's president and chief executive officer. "Convergent billing and optimization projects make up our largest near-term opportunity with China Telecom as the carrier looks to attract and retain high-value customers through the offering of attractive bundled services. In the coming months, our team of highly qualified engineers will work with China Telecom in Heilongjiang and Henan to ensure that all the functionalities and localized features of the current systems are seamlessly migrated, along with user data, to the new, integrated systems, allowing China Telecom to take its customer service to the next level." Under the terms of the contracts, AsiaInfo will build out a convergent BSS solution that will integrate China Telecom's mobile and fixed-line billing and CRM systems. The new system will support all the functionalities and localized features of the current systems as well as new service offerings relating to China Telecom's 3G business. AsiaInfo will also migrate user data from the existing mobile and fixed-line systems to the new integrated system and optimize data and processes to meet China Telecom's enhanced customer service, usability and stability requirements. 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 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, China Unicom and China Netcom. 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/ . Safe Harbor Statement The information contained in this document is as of July 27, 2009. 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 reports on Forms 10-Q and 8-K (if any) 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: Justin Knapp Ogilvy Financial, Beijing Tel: +86-10-8520-6556 Email: In the United States: Ms. Jessica Barist Cohen Ogilvy Financial, New York Tel: +1-646-460-9989 Email: DATASOURCE: AsiaInfo Holdings, Inc. CONTACT: In China: Sheryl Zhang of AsiaInfo Holdings, Inc., +86-10-8216-6039, ; or Justin Knapp of Ogilvy Financial, Beijing, +86-10-8520-6556, ; or In the United States: Jessica Barist Cohen of Ogilvy Financial, New York, +1-646-460-9989, Web site: http://www.asiainfo.com/

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