UTSI naz 2.70>UTStarcom Gets Pakistan Service Contract
Wednesday September 12, 7:59 am ET
UTStarcom Gets Contract for Voice and Data Service in Pakistan
52wk Range: 2.43 - 10.92
NEW YORK (AP) -- Telecommunications systems maker UTStarcom Inc. said Wednesday it received a multimillion dollar contract to provide voice and data services in Pakistan.
The company said it will provide the services to Bell & Tell Pvt. Ltd., a Pakistani affiliate of Worldcall Telecommunication Ltd., using passive optical network and voice over Internet protocol technologies.
The company didn't provide specific financial terms.
The Nasdaq Stock Market has warned Alameda, Calif.-based UTStarcom that it faces delisting over delinquent financial reports. The company is working to restate earnings after finding bookkeeping problems stemming from historical stock options practices.