Alcatel-Lucent Wins $1 Billion Eight-Year Order in India
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Alcatel-Lucent SA, the French phone-equipment maker revamping its business to end losses, won a $1 billion services contract over eight years with Reliance Communications Ltd. to improve service quality on the Indian carrier’s fixed and wireless networks.
The contract, the Paris-based company’s first publicly announced deal in India in seven months, is a sign that the Indian market is picking up, Rajeev Singh-Molares, president of the Asia Pacific region at Alcatel-Lucent, said during a press conference in Mumbai. He forecast the market will grow in 2013.