1. UTStarcom Third Quarter 2011 Results Jack Lu, CEO Jin Jiang, CFO NASDAQ: UTSI November 2011

2. 2 Disclosure & Forward Looking Statements This investor presentation contains forward-looking statements, including statements regarding the Company's expectation regarding its new services business, ability to successfully launch its internet TV platform, expected value and target customers from new products launched and anticipated or assumed future financial results in 2011. Forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company, the Company’s future performance and the industries in which the Company operates as well as on the Company management's assumptions and beliefs. These forward-looking statements are only predictions and are subject to risks and uncertainties related to, among other things, the ability of the Company to realize anticipated results of operational improvements, increase bookings, and execute on its business plan, as well as risk factors identified in its latest Annual Report on Form 10-K, Form 10-K/A, Quarterly Reports on Form 8-K and Form 10-Q, and Current Reports Form 8-K on Form 6-K, as filed with the Securities and Exchange Commission. Therefore, actual results could differ materially and adversely from the Company's current expectations. We undertake no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this investor presentation. The Company is in a period of significant transition and in the conduct of its business is exposed to additional risks as a result. This investor presentation also includes financial guidance and information about the Company previously disclosed during the Company's 2010 and 2011 earnings conference calls and other filings with the Securities and Exchange Commission. Such guidance and information reflects the Company’s information and expectations as of those dates and this presentation is not intended to confirm or update that information and expectations.

3. 3 Agenda Q3 2011 Highlights 1 Financial Overview / Outlook Business Highlights 32

4. 4 Third Quarter 2011 Highlights  Net Income of $8.0 million, or basic earnings per share of 5 cents;  Revenues of $83.3 million, a 35.7% or $21.9 million increase, compared to the same period of 2010;  Gross profit margin of 38.4%, compared to 19.7% in same period of 2010, 37.6% in Q2 2011 and 31.1% in Q1 2011;  Operating income of $14.2 million;  Cash balance of US$305.9 million in cash, cash equivalents, and short-term investments.

5. 5 Profitability Improvement China:  Gross margin increased in 2011 Japan:  High gross margin PTN products

6. 6 Recent Business Highlights  Successfully completed the construction of first Internet TV platform to support a cable TV network customer  Won sizable EPON contracts from Hebei and Sichuan cable operators and Ningxia Electric Power Company  Won IPTV integrated broadcasting control platform contract in Tianjin  Won MSTP and PTN contracts from Taiwan’s Chunghwa Telecom, the largest integrated telecom operator in Taiwan  Entered into strategic revenue-sharing partnership agreement with Wasu Digital TV Media Group, one of the largest digital TV content providers in China

7. 7 New Products Launched at PT/EXPO COMM NAME OF PRODUCTSOLUTION AND VALUETARGET CUSTOMER DOCSIS-EOC standard connection product with 500 access points and provides 800Mbps bandwidth Cable Operators PTN 735 Top tier Packet Transport Network, which has vast loading capacity and has the ability to process different types of business data Cable/Telecom Operators Blade Server / High- Definition STB Streaming media storage unit that provides customers with larger storage capabilities Cable Operators Wi-Fi products Series of smart antenna and wireless controller which enable telecom operators to establish outdoor wireless networks Telecom Operators

8. 8 iTV.cn: Internet TV for Chinese outside China  Provides Chinese language content targeting the Chinese-speaking population located in North America  Integrated multi-screen viewing from a single managed platform  Time and location shifting  Reliable HD streaming  Multi-language programming  Value-added interactive service, such as distance-learning, gaming and e- commerce Commercial launch in North America on October 1 st Q3 2011Q4 2011 Education Gaming Social Shopping Radio

9. 9 Revenue Trend  $83.3 million in Q3 2011, 35.7% or $21.9 million increase, compared to $61.4 million in Q3 2010.  Nine months ended 2011 total revenue was $237.1 million, 10.1% or $21.7 million increase, compared to $215.4 million in the nine months ended 2010.

10. 10 Booking Trend  Without PAS deferred revenue, book-to-bill ratio for the third quarter was 0.98.  With the PAS deferred revenue, book-to-bill ratio was 0.70. US$ (mm) Quarterly Booking Amount

11. 11 Gross Margin Improvement  Gross margin for the third quarter of 2011 was 38.4% as compared to 19.7% in the third quarter of 2010.  Gross margin for the nine month ended 2011 was 36.2% as compared to 28.9% for the nine months ended 2010. US$ (mm)

12. 12 Continued Progress in Cost Cutting US$ (mm) Total OPEX of Q3 2011 included $4.2 million one time net gain on divestitures.

13. 13 Quarterly Profit Achieved Quarterly Operating Income of $14.2 million… US$ (mm) Quarterly Net Income of $8.0 million… US$ (mm)

14. 14 Segment Reporting Note: Deferred revenue related to PAS is included in equipment sales through the end of 2011 at the rate of $23 million per quarter. Gross margin associated with the PAS deferred revenue is approximately 35%. Revenue by SegmentQ3 2011Q3 2010 Equipment Sales $75.3$52.0 Service SalesEquipment-based 7.7 9.4 New OSS-based 0.3- Total $83.3$61.4 Revenue by Segment9 Months Ended 9/30/2011 9 Months Ended 9/30/2010 Equipment Sales $209.4 $183.8 Service SalesEquipment-based 27.2 31.6 New OSS-based 0.5- Total $237.1$215.4 US$ (mm)

15. 15  Strong cash balance of $305.9 million in cash, cash equivalents, and short-term investment  Zero debt Balance Sheet & Deposits Cash Balance by RegionCash Balance by Currency

16. 16  Quarterly operational cash flow was negative $12.1 million  Normal level of collection  $1.5M of share buy back in the third quarter of 2011 Cash Flow Analysis

17. 17 Reiterating 2011 Financial Outlook  Total revenue to be within the range of $300 – $320 million (includes PAS deferred revenue)  Annualized operating expenses of less than $100 million  Breakeven in 2011 on a full year basis  OSS business comprising 10% of total sales in 2011 will be difficult due to the rigorous due diligence process, detail terms and condition negotiation with acquisition targets and revenue sharing partners

18. 18 Investor Relations Contacts UTStarcom, Investor Relations Jing Ou-Yang T: + 8610 8520 5153 E: jouyang@utstar.comjouyang@utstar.com Ogilvy Financial In China: Agustin Bautista Tel: +86-10-8520-6166 Email: utsi@ogilvy.comutsi@ogilvy.com In the U.S.: Jessica Barist Cohen Tel: +1-646-460-9989 Email: utsi@ogilvy.comutsi@ogilvy.com