UTStarcom Strips Off Division

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UTStarcom Strips Off Division

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01-07-2008, 10:51 PM

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UTStarcom Strips Off Division

UTStarcom (UTSI) will sell its personal communications division to a firm controlled by AIG Vantage Capital, a part of AIG Investments.
"With the divestiture of our PCD unit, our management team and employees will focus on pursuing the growth opportunities related to our core product suite of IPTV, NGN and Broadband offerings," stated Peter Blackmore, UTStarcom's [...]

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