UTStarcom Announces Date for Extraordinary General Meeting to Approve Reverse Share Split

UTStarcom Announces Date for Extraordinary General Meeting to Approve Reverse
                                 Share Split

PR Newswire

BEIJING, Jan. 30, 2013

BEIJING, Jan. 30, 2013 /PRNewswire/ -- UTStarcom Holdings Corp. (Nasdaq: UTSI)
("UTStarcom" or the "Company"), a leading provider of media operational
support services and broadband equipment products and services, today
announced that it will hold an extraordinary general meeting of its
shareholders (the "EGM") on Thursday, March 21, 2013, at 1:00p.m., Beijing
time, to seek approval for a previously announced 3-for-1 reverse share
split.UTStarcom's Board of Directors believes that implementing a reverse
share split is likely to improve the marketability and liquidity of
UTStarcom's ordinary shares.

The meeting will be held at UTStarcom's offices located at Room 303, Building
H, Phoenix Place, No. A5 Shuguangxili, Chaoyang District, Beijing, P.R. China,
100028. Shareholders of record as of the close of business on February 5,
2013, are entitled to notice of and vote at the EGM.If approved, the reverse
share split will become effective immediately upon approval by the Company's
shareholders.Upon becoming effective, every three outstanding and authorized
ordinary shares of UTStarcom as of the effective date will be automatically
combined into one issued and outstanding ordinary share.

This press release constitutes a public announcement of the date of the EGM
for purposes of Article 65(c) of UTStarcom's Amended and Restated Articles of
Association (the "Articles"). A copy of UTStarcom's Articles is available by
submitting a written request to the address noted above, Attention: Investor
Relations, or by accessing UTStarcom's website at
http://utstarcom.investorroom.com/index.php?s=117.

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 reverse share split and the effects of the
reverse share split on the Company's ordinary shares. 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, 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://utstarcom.investorroom.com/index.php?s=117
Website: http://www.utstar.com
Contact: For UTStarcom Holdings Corp., Ms. Jing Ou-Yang, +86-10-8520-5153,
jouyang@utstar.com; for FTI Consulting, Inc., Ms. May Shen (Beijing),
+86-10-8591-1951, May.Shen@fticonsulting.com or Mr. Daniel DelRe (Hong Kong),
+852-3768-4547, Daniel.DelRe@fticonsulting.com or Mr. Eric Boyriven (New
York), +212-850-5671, Eric.Boyriven@fticonsulting.com
 
Press spacebar to pause and continue. Press esc to stop.