UTStarcom (Nasdaq: UTSI) continues to roll up the IPTV box credits in international markets, particularly in Sri Lanka, where Sri Lanka Telecom (SLTL: SL) will use the vendor's set-top boxes as elements of its expanded IPTV system.
The contract is "our second big win in the Sri Lankan market in the last eight months (and) reinforces our leading presence in Sri Lanka and enhances our position in the Asia-Pacific region," Jack Lu, president-CEO of UTStarcom, said in a statement.
SLT began seriously transforming its PSTN into an all-fiber broadband network in 2010, aiming to deliver the triple-play of IP voice, video and data services.
As part of its most recent order with SLT, the Chinese vendor will supply boxes that enable telco subscribers to receive and interact with live HDTV and time shift TV and VoD "across a number of devices, which we believe will attract new IPTV users and expand SLT's customer base," Lu said.
For more:
- see the release
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