China Telecom to Expand Commercial IPTV Coverage in Shanghai with Utstarcom's RollingStream End-To-End IPTV Solution and VimpelCom Enters the Georgian

Wireless Communications industry news provided by Financial News USA (OTC: FNWU). UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, recently announced that it has signed a follow-on contract to deploy its RollingStream(TM) end-to-end IPTV solution to China Telecom, the largest fixed-line telecom operator in China. The commercial IPTV network is initially designed to support 51,000 users in Shanghai, which is also the largest city in China with a population of approximately 18 million. UK cable operator NTL (Nasdaq:NTLI) began marketing its planned 300 million pound equivalent high-yield notes and its new tranche C second lien bank debt on Wednesday, a banking source familiar with the situation said. NTL said on Monday it intends to sell 300 million pounds ($553.9 million) of dollar- and sterling-denominated 10-year high-yield notes, which will rank equally with its outstanding high-yield bonds.

Open Joint Stock Company "Vimpel-Communications" (NYSE: VIP) recently announced that it acquired 51% of Georgian cellular operator OOO Mobitel and a call option for the remaining 49% of ... Mobitel. The purchase price for 51% of Mobitel was US$12.6 million. Commenting on the recent announcement, Alexander Izosimov, Chief Executive Officer of VimpelCom, said: "We are pleased to announce our entry into Georgia, a country with a population of 4.7 million." Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, recently advised that its CEO was quoted in an article written by Jack Bulavsky entitled "Gaming on the Go" appearing in the June 2006 edition of "Casino Journal," whose cover story is "Technology in Hand." In his article, Mr. Bulavsky discusses the exciting future of wireless gaming in Nevada casinos and states that "the future for wireless gaming remains so bright that many operating and wireless gaming manufacturers are wearing sunglasses."

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