UT-Starcom to Focus on IPTV

From TMCnet:

"According to a news release, Wu Ying, president of UT-Starcom, told the Beijing Morning Post today that the company is making adjustments to its development strategy, but as of yet is not ready to completely abandon 3G."

"Wu said due to the change of the market and China’s delay of issuing 3G license, UT-Starcom will now focus on technologies which can bring direct profits, such as CDMA2000. The shift in focus means UT-Starcom could give up WCDMA, the European 3G standard."

"Wu said the company will now focus on IPTV, PHS (personal handset system) and mobile phones, aiming at making profits next year with IPTV. The company is reportedly planning to spend about $1.25 billion (U.S.) for IPTV."

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