UTStarcom Announces Final Results of Its Tender Offer

            UTStarcom Announces Final Results of Its Tender Offer

PR Newswire

BEIJING, Jan. 10, 2013

BEIJING, Jan. 10, 2013 /PRNewswire/ -- UTStarcom Holdings Corp. ("UTStarcom"
or the "Company") (Nasdaq: UTSI), a leading provider of media operational
support services and broadband equipment products and services, today
announced the final results of its previously announced tender offer to
purchase up to 25,000,000 of its ordinary shares at a price of $1.20 per
share, which expired at 5:00 P.M., New York City time, on Thursday, January 3,
2013.

UTStarcom has accepted for purchase 25,000,000 of its ordinary shares at a
price of $1.20 per share, for an aggregate cost of $30,000,000 excluding fees
and expenses relating to the tender offer.

Based on the final tabulation by Computershare Trust Company N.A., the
Depositary for the tender offer, 63,357,546 of UTStarcom's ordinary shares
were properly tendered and not withdrawn (excluding any conditional tenders
that were not accepted due to the specified condition not being satisfied).
UTStarcom has been informed by the Depositary that, after giving effect to the
priority for "odd lots," the final proration factor is approximately 39.4%.

The Depositary will promptly issue payment for the shares validly tendered and
accepted for purchase and will return all other shares tendered.

Immediately following the purchase of the tendered shares, UTStarcom expects
to have approximately 117,068,276 ordinary shares outstanding.

Jefferies & Company, Inc. is the dealer manager for the tender offer. The
information agent for the tender offer is Alliance Advisors LLC.Shareholders,
banks and brokers who have questions may call the dealer manager at (877)
547-6340 (toll free) or the information agent at (877) 777-5603 (toll free).

Tender Offer Statement

This press release is for informational purposes only and is neither an offer
to buy nor the solicitation of an offer to sell any of UTStarcom's ordinary
shares.

About UTStarcom Holdings Corp.

UTStarcom is focused on providing next generation media operational support
services in the rapidly growing markets for TV over IP services and broadband
equipment products and services. UTStarcom is committed to meeting the
evolving needs of cable and broadband service providers to enable a more
personalized entertainment experience. The Company sells its media operational
support services and broadband equipment products and services to operators in
both emerging and established broadband and cable markets around the world.

UTStarcom was founded in 1991 and has traded on the NASDAQ since 2000. The
Company has its operational headquarters in Beijing, China and research and
development operations in China and India. For more information about
UTStarcom, visit the Company's website at http://www.utstar.com.

Forward-Looking Statements

This press release includes forward-looking statements, including statements
regarding the completion of the tender offer and the payment for shares
tendered. These statements are forward-looking in nature and subject to risks
and uncertainties that may cause actual results to differ materially and
adversely from the Company's current expectations. These include risks and
uncertainties related to, among other things, the number of shares tendered by
shareholders, changes in the financial condition and cash position of the
Company, assumptions the Company makes regarding the growth of the market and
the success of the Company's offerings in the market, and the Company's
ability to execute its business plan and manage regulatory matters. The risks
and uncertainties also include the risk factors identified in the Company's
latest Annual Report on Form 20-F and Current Reports on Form 6-K, as filed
with the Securities and Exchange Commission. The Company is in a period of
transition and the conduct of its business is exposed to additional risks as a
result. All forward-looking statements included in this press release are
based upon information available to the Company as of the date of this press
release, which may change, and UTStarcom assumes no obligation to update any
such forward-looking statement.

SOURCE UTStarcom, Inc.

Website: http://www.utstar.com
Contact: UTStarcom Holdings Corp., Ms. Jing Ou-Yang, +86-10-8520-5153,
jouyang@utstar.com or FTI Consulting, Inc., Ms. May Shen (Beijing),
+86-10-8591-1951, May.Shen@fticonsulting.com; Mr. Daniel DelRe (Hong Kong),
+852-3768-4547, Daniel.DelRe@fticonsulting.com; Mr. Eric Boyriven (New York),
+212-850-5671, Eric.Boyriven@fticonsulting.com