SOURCE: Universal Telecom Services

February 05, 2007 11:15 ET

Universal Telecom Services Obtains Support From Vietnam's President Nguyen Minh Triet for Its Joint Venture and Expansion Plans in Vietnam

HANOI, VIETNAM -- (MARKET WIRE) -- February 5, 2007 -- Universal Telecom Services ("UTS"), operator of a leading facilities-based carrier in Vietnam through a Business Cooperation Contract ("BCC"), met today with President Nguyen Minh Triet to detail its growth plans in the country's rapidly expanding telecommunications sector, as well as to request the President's blessing for the conversion of its BCC with Vishipel and Binh Minh Trading into a Joint Venture.

"Vietnam is a promising country, given its recent ascension into the World Trade Organization and its high expected GDP growth and increasing foreign direct investments," said Zohar Loshitzer, President and CEO of UTS. "We believe that investments in technology and telecommunications are essential to further economic development. Along with our ability to convert our business into a Joint Venture, this will enable UTS and its partners to expand into new services that are beneficial to Vietnam."

UTS announced its plans to expand the BCC's current international long distance VOIP service offering into other value-added telecommunications services. UTS and its partners will launch a state-of-the-art data center facility in Ho Chi Minh City by the third quarter of 2007. The data center will be aimed at the growing number of multinational companies entering the country, as well as local enterprises demanding reliable and secure services for their mission critical information technology needs. Additional world class data centers will be launched in 2007 and 2008 in Ho Chi Minh City and other major urban centers, including Hanoi. The data centers will feature a physical infrastructure that replicates international industry-leading standards for power availability, high-performance security and environmental control. UTS will invest in power capabilities that will support blade technologies and other high power density uses.

UTS also unveiled its plan to initiate VSAT services targeting both rural telephony and corporate services. The BCC was recently awarded a VSAT license that enables UTS and its partners to offer voice and data services to residential customers in remote regions of Vietnam and innovative networking solutions for sophisticated corporate users. VSAT technology provides dedicated, reliable and cost effective private communications links with the provision of total system capabilities to support high bandwidth secure data, voice and video communication. UTS intends to tap the international capital markets to fund its VSAT, data hosting and other future expansion plans.

President Nguyen Minh Triet praised UTS' expanding and long-term commitment to Vietnam and offered his assistance to ensure UTS and its partners are successful in its expansion plans.

"We are excited about the prospects of converting our existing business into a Joint Venture and helping Vietnam bridge the digital and communications divide," concluded Zohar Loshitzer. "We can serve as one of President Nguyen Minh Triet's testimonials of the advancement and development of Vietnam's economy."

About Universal Telecom Services

UTS is a unique service operator specializing in telecommunication services in emerging markets like Vietnam. The Company utilizes state-of-the-art, satellite technology to provide voice and data services. We have offices in Vietnam and in the United States and are currently expanding our operations globally. The Company has assembled a world-class operations and executive team from telecommunications services and equipment providers. This team combines innovative technology with a long-term commitment to service, in order to become a leading provider of telecommunication services and solutions to our clients. In each country of operation, UTS establishes a local company partnership as a strong local foundation for providing services.

Focusing on Satellite delivery for its flexibility, UTS provides ideal solutions for Domestic Long Distance (DLD) and International Long Distance (ILD), private, secure voice and data networks (IPLN), fixed local telephony for rural areas and remote locations, Internet services and distance learning.

More information about Universal Telecom Services can be found at http://www.uts175.com

Contact Information

  • Press Contacts

    Bob Lehson
    Universal Telecom Services
    Hanoi, Vietnam
    84-4-936-3388
    Email Contact

    Cari Cohen
    Universal Telecom Services
    Los Angeles, CA - USA
    +1-323-860-9548
    Email Contact