Alcatel-Lucent Signs $1 Billion India Contract

In a Wednesday press release, French telecom equipment maker Alcatel-Lucent (NYSE: ALU  ) 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.

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  • Report this Comment On January 17, 2013, at 4:28 PM, erikshun wrote:

    alright there, icecube. you're adding zero value to this article. you keep pumping RAD everywhere you go. take it easy. RAD, btw, doesn't have a P/E, no future P/E, a PEG ratio of -18.13 (that's a negative), book value of -3.09 (that's a negative), $6B in debt vs $263MM in cash. they've got to turn all of that around, so quit yer pumping until they do.

    ALU has restructured their debt, have a low low P/E of 3, PEG ratio of 0.34, trading below book value of 1.91 and are signing new deals. do they have some realigning to do and housecleaning to do? yes, but the french maid is on her way to clean up. ALU is a great buy for 2013/2014.

  • Report this Comment On January 17, 2013, at 4:39 PM, erikshun wrote:

    .. and by the way, since you're clearly copying and pasting this across multiple sites and pages, it is not the 'commend cough', i think what you're trying to say is the 'common cough', which actually would be rephrased the 'common cold', so you might want to correct that before your next RAD pump.

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