TELECOMWORLDWIRE-June 27, 2011-UTStarcom completes reorganisation merger with UTStarcom Holdings Corp(C)1994-2011 M2 COMMUNICATIONS http://www.m2.com
UTStarcom Inc (NASDAQ:UTSI), a provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators, confirmed on Friday the completion of its merger to reorganise the company as a Cayman Islands company.
Each outstanding common share of UTStarcom Inc was exchanged for one share of UTS Holdings Corp, a company incorporated under the laws of the Cayman Islands.
The shares of UTS Holdings are listed on the NASDAQ Global Select Market under the trading symbol ‘UTSI’, the same symbol under which the common shares of UTStarcom were listed.
UTStarcom said previously that following this reorganisation it expects to continue conducting its business in substantially the same manner as it does today.
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