Alcatel-Lucent Signs $1 Billion India Contract
In a Wednesday press release, French telecom equipment maker Alcatel-Lucent announced that it has agreed to a network services contract with Indian carrier Reliance Communications.
The $1 billion deal aims to improve customer experience and service through India's southern and eastern regions, providing voice and data communications to Reliance customers. It's Alcatel-Lucent's first announced Indian deal in seven months, according to Bloomberg, and marks the first fully integrated strategic communications agreement in the South Asian nation, according to the companies.
Munish Seth, president and managing director of Alcatel-Lucent India, commented on the strengths of the deal in the release, saying, "We believe that our extensive experience with Reliance Communications has played a major part in the expansion of our existing relationship, and the awarding of what is one of the largest and most strategic contracts for us to date. This is a significant milestone for Alcatel-Lucent in India." The deal is set to run through 2020.
The article Alcatel-Lucent Signs $1 Billion India Contract originally appeared on Fool.com.Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.