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Alcatel gets network contract worth over $1 billion from India's Reliance Communications
The logo of Alcatel-Lucent is pictured at the entrance of its Paris headquarters December 12, 2008.
Credit: Reuters/Charles Platiau
MUMBAI |
MUMBAI (Reuters) - Reliance Communications Ltd (RLCM.NS), India's No. 3 mobile phone carrier by customers, said on Wednesday it would award a multi-year contract valued at more than $1 billion to Franco-American telecommunications equipment maker Alcatel-Lucent (ALUA.PA) to manage its network.
Alcatel-Lucent currently operates a joint venture with Reliance Communications to manage the Indian carrier's network.
(Reporting by Aradhana Aravindan; Editing by Anand Basu)
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