China Telecom Corp., Ltd. (CHA)

[*MARINE 1*]

AsiaInfo to Develop Business Intelligence Systems for China Telecom

New System to Cover Beijing Municipality and Henan and Heilongjiang Provinces

BEIJING and SANTA CLARA, Calif., Oct. 24 /Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. (NASDAQ:ASIA), a leading provider of telecom software solutions and IT security products and services in China, today announced that it has won tenders with China Telecom, the world's largest fixed-line telecommunications and broadband service provider, to develop Business Intelligence systems ("BI systems") for China Telecom's Beijing, Henan and Heilongjiang subsidiaries.

"We are encouraged that China Telecom has recognized the value of our advanced Business Intelligence systems, which will allow the company to gather customer data, analyze trends and use the resulting information to better compete in a rapidly evolving market," said Steve Zhang, AsiaInfo's president and chief executive officer. "Competition is increasing among China's three newly integrated telecom carriers as they build out their product and service platforms on a leveled playing field. Our world-class BI systems continue to benefit from these trends by enabling carriers to launch targeted marketing campaigns and differentiate their service offerings, which can ultimately increase end-user satisfaction and boost profits. In anticipation of this stage of market development, we have strategically invested in the research and development of our BI systems for the past several years and are now recognized as a leader in this market."

The BI systems, which are designed to improve decision-making capability, efficiency and accuracy, will integrate China Telecom's existing fixed-line business with its recently acquired CDMA business. AsiaInfo will help China Telecom migrate the historical data from its acquired CDMA system to the new BI systems in order to ensure a smooth transition from a fixed-line and broadband provider to a full-service operator. The BI systems offer data mining, data analysis and data summarization capabilities, providing China Telecom with accurate, detailed and up-to-date information.

AsiaInfo is a market leader in China's BI market. AsiaInfo's BI systems currently support more than 260 million users and over 1.5 petabytes of data.

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.





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