UT deploys in Brazil, 3rd leg of BRIC countries

Today, UT confirmed deployment in Brazil, one of the BRIC (Brazil, Russia, India, and China) countries that the talking heads usually discuss for growth opportunities.

http://biz.yahoo.com/prnews/071210/aqm095.html?.v=32

As with the other countries, it has taken time for actual deployments following tedious regulatory and trial phases.

Back in Aug. 8, 2005, UT provided equipment for a 2000 line system to Telemar.

http://sev.prnewswire.com/computer-electronics/20050808/NYM03908082005-1.html

On June 7 , 2005, UT and Cisco partnered in Brazil.

http://sev.prnewswire.com/computer-electronics/20050607/SFTU07107062005-1.html

The announced contract today was already hinted at from previous press clippings in Brazil (See iptv links).

Going forward, we hope to hear news about the Asian iptv customer that management has discussed in the last CC and during the shareholder meeting. From talking with Peter Blackmore, UT is just waiting until the customer gives approval to release the news. The current speculation is either Korea, Taiwan, or Vietnam.

While the stock stays stagnant, this news in Brazil is yet another data point for the long term turnaround for the company.