UTStarcom Announces Contract With Maxim Telecom To Target Pakistan Market

UTStarcom Announces Contract With Maxim Telecom To Target Pakistan Market

LAHORE, Pakistan and Alameda, Calif., Nov. 20, 2006 – UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, today announced a distribution contract with Maxim Telecom to meet the demand of the growing fixed and mobile markets in Pakistan.

“The Pakistan communications market has experienced dramatic growth over recent years and continues to grow rapidly with mobile density now in excess of 25 percent,” said Youssef Kassissia, vice president of the EMEA region at UTStarcom. “With total penetration rate of fixed and mobile users growing by double figures year on year and foreign investments in the telecom sector in Pakistan representing over 29 percent of total investments, we believe this is potentially a very significant market for UTStarcom.”

Maxim Telecom, with its regional office in Lahore covering Pakistan and the Middle East, is one of the region’s leading telecommunications system integrators and was founded to meet the increasing need for advanced communication networks and services following recent regional deregulation and privatization. The agreement between Maxim and UTStarcom includes the full range of UTStarcom handsets, including GSM, CDMA and dual-mode technologies, as well as the company’s next-generation softswitch and IP-based broadband solutions.

“There is great interest in terminals, handsets and next-generation network solutions in this region, particularly with the emergence of new fixed and mobile operators,” said Sajjad Ahmad, chief executive officer at Maxim Telecom. “With this partnership with UTStarcom, we are bringing together a complete range of mobile handsets and next generation infrastructure with Maxim Telecom’s established domestic presence to create what we believe to be a very competitive offering.”

UTStarcom is demonstrating its complete portfolio of wireline and wireless next- generation network solutions and handsets at Gitex Dubai, being held at the Dubai International Convention and Exhibition Centre, from November 18-22, 2006.

UTStarcom executives will be available for interviews and briefings at the show. To arrange a meeting, please contact Howard Jones (howard {at} gbcspr(.)com) or Helen Lyman Smith (helen {at} gbcspr(.)com) on +44 (0)115 948 6901.

About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in the United States, Canada, China, Korea and India. UTStarcom is a FORTUNE 1000 company

For more information about UTStarcom, visit the company’s Web site at www.utstar.com.

FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements by and about UTStarcom, including the foregoing statements regarding the anticipated continued growth of the telecommunications market in Pakistan, the expectations regarding UTStarcom’s participation in such market, and the anticipated competitiveness of the partnership between UTStarcom and Maxim Telecom. These risk factors include rapidly changing technology, the changing nature of global telecommunications markets, the termination of contracts and/or strategic relationships, the direction and results of future research and development efforts, evolving product and applications standards, reduction or delays in system deployments, product transitions, potential non-realization of backlog, changes in demand for and acceptance of UTStarcom’s products, both in Pakistan and globally, general adverse economic conditions, and trends and uncertainties such as changes in government regulation and licensing requirements, both in Pakistan and globally. UTStarcom also refers readers to the risk factors identified in its latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission.