Telecommunications-equipment maker Alcatel-Lucent Wednesday said it received a $1 billion contract to manage Reliance Communications Ltd.'s telecommunications networks for eight years in eastern and southern India.
The contract comes at a time when equipment companies such as Alcatel-Lucent are facing a major challenge in India, as local telecom operators have slowed down investment.
India’s telecom market is one of the largest in the world, with the number of telecom subscribers second only to China’s. But local telecom operators are facing regulatory uncertainty and, for about a year, a shrinkage in subscriber additions.
Mumbai-based Reliance Communications, part of Anil Ambani-controlled Reliance Group, is India’s second-largest mobile phone companies with about 130 million subscribers.
Reliance Communications will outsource network management for both its wireless and fixed-line operations to Alcatel-Lucent, the companies said in a joint statement.
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The contract comes at a time when equipment companies such as Alcatel-Lucent are facing a major challenge in India, as local telecom operators have slowed down investment.
India’s telecom market is one of the largest in the world, with the number of telecom subscribers second only to China’s. But local telecom operators are facing regulatory uncertainty and, for about a year, a shrinkage in subscriber additions.
Mumbai-based Reliance Communications, part of Anil Ambani-controlled Reliance Group, is India’s second-largest mobile phone companies with about 130 million subscribers.
Reliance Communications will outsource network management for both its wireless and fixed-line operations to Alcatel-Lucent, the companies said in a joint statement.
Read More . . .