CUSIP No. 000000000

13G

1.

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
DASAN Networks, Inc.

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    ¨

3.

SEC USE ONLY
 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION
 
Korea, Republic

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.

SOLE VOTING POWER
 
1,983,500

6.

SHARED VOTING POWER
 
00,000

7.

SOLE DISPOSITIVE POWER
 
1,983,500

8.

SHARED DISPOSITIVE POWER
 
00,000

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,983,500

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    ¨

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.0%

12.

TYPE OF REPORTING PERSON (see instructions)

CO

CUSIP No. 000000000

13G

(a)

Name of Issuer
UTStarcom Holdings Corp

(b)

Address of Issuer’s Principal Executive Offices
Unit 7, Level 23, One Island East, 18 Westlands Road, Hong Kong

(a)

Name of Person Filing
DASAN Networks, Inc.

(b)

Address of the Principal Office or, if none, residence
DASAN Tower, 49, Daewangpangyo-ro 644 Beon-gil

Budang-gu, Sungnam-si, Gyeonggi-do, 463-400

(c)

Citizenship
Korea, Republic

(d)

Title of Class of Securities
Ordinary Shares, $0.00375 par value

(e)

CUSIP Number
918076100

(a)

¨

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

¨

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

¨

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

¨

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

¨

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

¨

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

¨

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h)

¨

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

¨

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

¨

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

(a)

Amount beneficially owned:  1,983,500

(b)

Percent of class:  5.0%

(c)

Number of shares as to which the person has:  1,983,500

(i)

Sole power to vote or to direct the vote  1,983,500

(ii)

Shared power to vote or to direct the vote

(iii)

Sole power to dispose or to direct the disposition of 1,983,5000

(iv)

Shared power to dispose or to direct the disposition of .

(a)

The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

(b)

The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP No. 918076100

13G