French telecom company Alcatel-Lucent (NYSE:ALU) announced in a press release early Monday that it is unveiling the newest product of its lightRadio family ofQ LTE network-improving elements, lightRadio Metro Radio -- a product it jointly developed with Chinese firm China Mobile -- to be deployed across China.
Metro Radio will be launched tomorrow in China, the world's largest mobile market. Alcatel-Lucent aims for Metro Radio to deliver high-performance 4G service to Chinese citizens in the fast-growing markets of Nanjing, Shanghai, and Qingdao.
Alcatel-Lucent's partner China Mobile boasts more than 722 million subscribers, a vast network that will no doubt help Metro Radio spread across the country. The two companies first signed a co-creation agreement back in January of last year to test and develop products that could speed up the deployment of LTE in the world's second-largest economy.
Alcatel-Lucent Asia-Pacific Region President Rajeev Singh-Molares commented on the deal in the company's statement, saying: "It is very exciting to think about the transformation these cities are soon to undergo and that Alcatel-Lucent will be at the heart of that transformation. As consumption of mobile data and video escalates in China, our small lightRadio Metro Radios will satisfy demand with the highest performance that China Mobile's customers have come to expect."
Fool contributor Dan Carroll and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.