[UTStarcom Announces Share Purchase from SoftBank BEIJING, China, January 17, 2014 — UTStarcom Holdings Corp. (“UTStarcom” or “the Company”) (NASDAQ: UTSI), a leading provider of media operational support services and broadband products and services, today announced that it entered into a Purchase and Sale Agreement (the “Share Purchase Agreement”) with SoftBank America Inc. (“SoftBank”) and Shah Capital Opportunity Fund LP] [PURCHASE AND SALE AGREEMENT Agreement This Purchase and Sale Agreement (this “ 17 Company Purchasers Purchaser Seller , 2014, is among UTStarcom Holdings Corp., a company incorporated in the Cayman Islands (the “ WHEREAS, on the terms and conditions set forth in this Agreement, the Seller desires to sell, and the Purchasers desire to purchase an aggregate number of 4,883,875] [FORM 6-K January 2014 UTSTARCOM HOLDINGS CORP. The front tower Shiba koen 2-6-3 Shiba koen, Minato-ku, Tokyo 105-0011 Japan Form 20-F x Form 40-F o o o Yes o No x UTStarcom Holdings Corp.]