Alcatel gets network contract worth over $1 billion from India's Reliance Communications
MUMBAI 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)