Reliance Comm planning JV with Alcatel-Lucent: source

NEW DELHI (Reuters) - India's No. 2 mobile operator, Reliance Communications (RLCM.BO: Quote, Profile, Research, Stock Buzz), may announce a network management joint venture with French-American telecoms equipment provider Alcatel-Lucent (ALUA.PA: Quote, Profile, Research, Stock Buzz), a source familiar with the situation said on Monday.

Reliance has called a news conference at 3:30 p.m. local time (1000 GMT) to share a "significant development".

The Hindustan Times newspaper, quoting telecommunications industry sources, said on Monday Reliance was set to form an equal joint-venture with Alcatel-Lucent to outsource the management of its telecom networks.

(Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)