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UTStarcom Reports 2024 Financial Results and Strategic Wins in 5G Market

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UTStarcom Reports 2024 Financial Results and Strategic Wins in 5G Market

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An announcement from UTStarcom ( (UTSI) ) is now available.

In March 2025, UTStarcom reported its unaudited financial results for the second half and full year of 2024, revealing a significant decline in revenue and profit margins compared to the previous year. Despite a challenging financial performance, the company achieved a major milestone by winning a multi-million dollar RFP from China Telecom Research Institute for 5G transport network routers, which is expected to enhance its market position in China. Additionally, UTStarcom completed the development of a customized product for a European mobile network operator, anticipating future orders. These strategic developments are expected to improve the company’s business prospects.

More about UTStarcom

UTStarcom is a global telecommunications infrastructure provider, offering high-performance advanced equipment optimized for rapidly growing communication services. The company is dedicated to helping network operators deliver innovative, reliable, and cost-effective communication solutions.

YTD Price Performance: -16.67%

Average Trading Volume: 3,916

Technical Sentiment Signal: Strong Buy

Current Market Cap: $22.65M

See more insights into UTSI stock on TipRanks’ Stock Analysis page.

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