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AsiaInfo Holdings, Inc. News

AsiaInfo Wins Tender to Develop China Telecom's OCS in Zhejiang Province

BEIJING and SANTA CLARA, Calif., May 9 Xinhua-PRNewswire-FirstCall — AsiaInfo Holdings, Inc. (Nasdaq: ASIA), a leading provider of telecom software solutions and IT security products and services in China, today announced that it has won a tender with China Telecom, the world's largest fixed-line telecommunications and broadband service provider, to develop an Online Charging System ("OCS") in Zhejiang province.

"Our OCS solution will play a critical role in the deployment of China Telecom's next generation networks," said Steve Zhang, AsiaInfo's president and chief executive officer. "This tender win deepens our relationship with China Telecom in the OCS space that began last year in Hebei province with their extended next generation wireless network trial. We are pleased to support the company again in its expansion from a fixed-line and broadband operator to a wireless service provider, and are looking forward to collaborating on more projects in the future."

Under the terms of the agreement, AsiaInfo will develop an OCS solution for China Telecom in Zhejiang province that is based on the Third Generation Partnership Project ("3GPP") standard and adheres to China Telecom's OCS specifications. AsiaInfo's OCS solution is a convergent online charging system that can accommodate real-time billing for both prepaid and postpaid accounts and offers the flexibility to combine a variety of charging methods to support future 3G data and value-added services. It also combines customer credit control and risk management analysis functionalities to lower credit risk in developing new business and expanding customer bases.

AsiaInfo is the first software billing vendor in China to successfully deploy both 3G BOSS and OCS solutions. The company has developed OCS solutions for China Mobile subsidiaries in Shanghai, Zhejiang and Pakistan. AsiaInfo has also developed an OCS solution for China Telecom's extended next generation wireless network trial in Hebei province.

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (Nasdaq: ASIA) is a leading provider of high-quality telecom software solutions and IT security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.

Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.

For more information about AsiaInfo, please visit http://www.asiainfo.com .

The information contained in this document is as of May 9, 2008. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.

This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable billing cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at http://www.sec.gov .

For more information, please contact: For Investors and Media: Andrew Keller Ogilvy Public Relations Worldwide Tel: +86-10-8520-3112 Email: andrew.keller@ogilvy.com

SOURCE AsiaInfo Holdings, Inc.

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