Alcatel-Lucent signs China deals worth $1.7 bln

Mon Apr 27, 2009 8:19pm EDT
 
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* Signs deals with China Mobile, China Telecom

* China Mobile deal worth $1 bln, China Telecom $700 mln

NEW YORK, April 27 (Reuters) - Alcatel-Lucent (ALUA.PA) said on Monday it had signed two agreements valued at $1.7 billion with China Mobile (0941.HK) and China Telecom (0728.HK) to provide network upgrades, integration and maintenance services in 2009.

The agreements were secured through Alcatel-Lucent Shanghai Bell, Alcatel-Lucent's Chinese flagship company.

The agreement with China Mobile is valued at about $1 billion, while the China Telecom deal is valued at about $700 million, Alcatel-Lucent said.

The agreements were signed in Washington, D.C., where on Monday U.S. and Chinese companies signed 32 business deals worth $10.6 billion.

China Telecom also signed contracts with Cisco (CSCO.O), Microsoft (MSFT.O), Dell (DELL.O) and Emerson (EMR.N), while China Mobile deals included those with with HP (HPQ.N), Oracle (ORCL.O), Emerson, Sun Microsystems (JAVA.O) and Cisco. [ID:nN27229202]

 

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