New Delhi, March 26 (PTI): The US-based technology equipment maker UTStarcom is in talks with various mobile players, including Reliance, for rolling out its IPTV systems in India and is expecting two deals in this segment this year.

"We are in advanced talks with wireline division of CDMA players, including Reliance, for the deployment of our IPTV solution and virtually to every operator who implements broadband in the country," UTStarcom's Managing Director South Asia Vijay Yadav said.

"We are hopeful of bagging two IPTV deals from the Indian operators before the end of this year," he added.

The company last year bagged a deal from state-run telecom major MTNL to deploy IPTV service in the country.

UTStarcom is also expecting 100 million dollar (Rs 450 crore) revenues from the Indian market this year, a growth of 70 per cent over the previous year, with the country becoming the third largest market for the company.

"We are expecting to reach the 100 million dollar mark in India this year at a growth rate of 70 per cent. This will catapult India to the third position in terms of revenues from fourth currently," UTStarcom Senior Vice President International Sales and Marketing David King said.

He said the company also expected India to be its second largest market in terms of infrastructure bookings by the end of this year, overtaking Japan.

King said IPTV will be their main revenue stream in near future. "It is already so big in China and Japan and we expect the same from Indian market too," he said.

King said the service combines entertainment with communication and penetration in the country is expected to increase in future.

"IPTV has huge potential and will be a big success here with broadband costs coming down in India, benefit of triple play and CAS becoming compulsory," he added.

UTStarcom was hopeful its IP CDMA technology will make it easier to roll out broadband connectivity in rural areas.

The company is also in advanced discussions with CDMA players for 3G roll out plan and as soon as spectrum is made available, it plans to start 3G service in India.

The company recently bagged a Rs 550 crore contract from state-run BSNL for deploying 1.3 million broadband lines.

"With the recent deployment of our IPTV solution with MTNL and the order from BSNL, India is poised to be the fastest growing market for UTStarcom and will continue to play an integral role in future success of the company," he said.

UTStarcom is also planning to set up a manufacturing facility for broadband equipment in India.

"We are scouting various locations for setting up of the manufacturing facility," UTStarcom's International Marketing Director Manish Matta said.

However, he declined to give details of the location and investment. "The facility would be up and running in 2008," he added.