india\s reliance and alcatellucent in 1bn deal
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

India\'s Reliance and Alcatel-Lucent in $1bn deal

Arab Today, arab today

Arab Today, arab today India\'s Reliance and Alcatel-Lucent in $1bn deal

Mumabai - AFP

Indian mobile phone company Reliance Communications (RCom) will award a $1-billion, eight-year contract to US-French telecom equipment supplier Alcatel-Lucent, the companies said Wednesday. The contract is to deliver voice and data communication services to RCom\'s networks in southern and eastern India, they said in a statement. \"Our existing joint venture is getting a new shape, which we are expanding into a multi-year contract,\" Alcatel-Lucent\'s Asia-Pacific president Rajeev Singh-Molares told reporters in Mumbai. The two groups termed it the first contract for managing complete service provision in India and said the deal was one of the biggest of its type in the world. Alcatel-Lucent plans to enhance RCom\'s operations and combine previously independent wireless and wireline teams into a single network management organisation, which would help the Indian firm focus on growing its business. The new contract covers management of mobile, fixed-line and corporate networks, the firms said. Mumbai-based RCom, part of the Anil Ambani-controlled Reliance Group, is India\'s third-largest mobile phone company with about 134 million subscribers. The deal -- aimed at cutting costs for Reliance -- comes at a time when local telecom firms have been slowing down investments, amid intense competition and regulatory policy uncertainty in India, one of the world\'s largest telecom markets. Rcom\'s rivals like Bharti Airtel and the local arm of Vodafone have already outsourced their network-management operations to non-Indian partners to help them focus on their core services, analysts said. Nearly 4,000 RCom employees -- 15 percent of its workforce -- will move to Alcatel as part of the project by 2020, said Reliance\'s chief executive Gurdeep Singh. Ankita Somani, an analyst with Mumbai\'s Angel Broking, said the deal would be positive for the loss-making Alcatel-Lucent, which is facing stiff competition from cheap Chinese rivals. \"The deal size is eye-catching,\" she said, adding that it would not affect Reliance\'s balance sheet in a major way as it was a long-term contract. RCom shares ended down 5.93 percent at 80.95 rupees at the Bombay Stock Exchange after the announcement, hit by valuation concerns. \"India is one of the most important markets in the world. We have seen challenges in the market but believe that they are coming to an end,\" Singh-Molares said. \"We believe in India as a market and as a country and our deal is a manifestation of that.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s reliance and alcatellucent in 1bn deal india\s reliance and alcatellucent in 1bn deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s reliance and alcatellucent in 1bn deal india\s reliance and alcatellucent in 1bn deal

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday