UTStarcom in Deal with China Telecom and NII Holdings Awarded Best Multinational Company

Wireless Communications industry news provided by Financial News USA (OTC: FNWU). Telecommunications equipment maker UTStarcom Inc. (Nasdaq:UTSI) said Thursday it will supply 300,000 of its QBOX terminals to China Telecom Group. The QBOX allows users to integrate traditional phone, wireless Internet and modem in one unit. China Telecom will sell the QBOX in its Homebox service offered in 24 cities in China. The service already has signed up about 300,000 users since launching in the second half of last year, UTStarcom said. Lucent Technologies (NYSE:LU) recently announced that O1 Communications, a leading provider of next-generation telecommunication services in Sacramento, Calif., has deployed Lucent's highly reliable integrated switching platform to migrate its network to an IMS-ready softswitch-based IP network for advanced voice services. This will allow O1 the ability to add VoIP features and offer VoIP Services throughout the state of California.

NII Holdings, (Nasdaq: NIHD), swept the 2006 International Stevie Awards with recognitions in five award categories, which were presented to the Company at a ceremony held June 26, at the Marriott Marquis Hotel in New York City. In recognition for exceptional operational leadership and extraordinary growth and profitability, the Company won the award for Best Multinational Company. 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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