Utstarcom Holdings Corp. (Hong Kong SAR, China)

The Company is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from mobile, streaming and other applications.
BUSINESS
2011 On June 24, 2011, the Company effected the Merger to reorganize the corporate structure of UTStarcom, Inc., and its subsidiaries.
2012 On August 31, 2012, the Company completed a sale of its IPTV business to an entity founded by its former CEO.
2018 On March 28, 2018, the Company became an investor of Hangzhou uSTAR Technologies Limited, or (“uSTAR”), a newly established joint venture (“JV”) Company. In April 2018, the Company invested 1.8 million to acquire 49 of uSTAR's equity interest and used the equity method to account for this investment.
In December 2018, the Company invested an additional 1.9 million to purchase the remaining interest of uSTAR from our JV partner. After that transaction, the Company own 100 equity interest of uSTAR and the Company consolidate uSTAR from the acquisition date.
OVERVIEW
1991 The Company was originally incorporated in 1991 as a Delaware corporation.
2011 In April 2011, the Company incorporated as UTStarcom Holdings Corp. as an exempted company under the laws of the Cayman Islands. The Company operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications.
The Company s ordinary shares are traded on NASDAQ under the ticker symbol “UTSI,” under which UTStarcom, Inc.'s common stock had previously traded.
As a global telecom infrastructure provider, it focused on delivering innovative carrier-class broadband transport and access (both Wi-Fi and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading.

The Company s broadband products are designed to satisfy customer demand for high speed and cost-effective data, voice and multimedia services. Its broadband technologies enable high-speed voice, video and data access and transport over broadband IP-based networks. The broadband product lines include innovative family of Packet Transport Network (PTN) products based on Multi Protocol Label Switch Transport Profile (MPLS-TP) and Carrier Ethernet (CE) technologies enhanced through in-house SDN platform to support the network evolution, and Multi Services Access Network (MSAN) platform. Wireless broadband access is represented by end-to-end Carrier Wi-Fi solution.
2022 On June 28, 2022, shareholders of the Company approved the amendment of authorized share capital of the Company by the consolidation of the existing 250,000,000 ordinary shares of 0.00375 par value each into 62,500,000 ordinary shares of 0.015 par value each. As a result, the one-for-four reverse split of the Company's ordinary shares became effective on June 28 2022,