Utstarcomm recieves $8.2m contract from BSNL

UTStarcom Inc has revealed in a press release that it has received an order worth $8.2 million to supply telecoms equipments to India's state-run Bharat Sanchar Nigam Ltd (BSNL). UT's Technology will support Pan-India Rollout of BSNL's National Internet Backbone. Recently UTStarcom was named 5th fastest growing company on InfoTech100 and praised as a Telecom Star on Business Week. In the four years since its initial public offering (listed on Nasdaq : UTSI) , its sales have increased ten-fold, to $2 billion in 2003.