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UTStarcom Lands $290 Million Contract from Japan Telecom/Softbank

Japan Telecom, a wholly owned subsidiary of SOFTBANK, awarded a contract valued at approximately $290 million to UTStarcom to supply its new iAN-8000 Multi-Service Access Node (MSAN) equipment and to manage a sales promotion program. Japan Telecom will deploy the multi-function broadband access platform to support approximately ten million existing and new subscriber lines.

Japan Telecom is deploying UTStarcom’s iAN-8000 as part of a next-generation network it is building that it believes will ultimately provide fixed-line service to all of Japan, from Hokkaido in the north to Kyushu in the south.

UTStarcom expects it will deliver the majority of the iAN-8000 equipment during the third and fourth quarters of 2004. Promotional services are expected to occur over the next nine to twelve month period. http://www.utstar.comhttp://www.japan-telecom.co.jp/english/

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