) entered into an agreement with Etisalat on Tuesday at the
Barcelona Mobile world congress.
As per the terms of the deal, ALU with its Light Radio
solutions will help Etisalat extend its new 4G LTE service across
Srilanka. This will enable Etisalat's customers to enjoy
extraordinary broadband connectivity for High definition contents
like mobile TV, Video calling, and Video conferencing including
The agreement was signed by the CEOs of both the companies in
the presence of regional heads of Etisalat Lanka and
Alcatel-Lucent Asia Pacific.
Etisalat is amongst the top Telecom groups in the Middle East
and is expanding rapidly across Asia. Its operations are spread
across 15 countries with more than 139 million customer base. At
Present, Etisalat is one of the fastest mobile services provider
across Srilanka. Now with this agreement, 4G LTE broadband
connectivity will be an addition to its portfolio.
As per Alcatel-Lucent, almost 95% of the population in
Srilanka has Wireless device. This makes Srilanka a very
promising market for the new 4G LTE services. Alcatel-Lucent will
be active in providing Etisalat, the network solutions backed by
its years of expertise in mobile broadband infrastructure.
Alcatel-Lucent's light Radio technology accompanied by Bell
Labs Technology will be used for this purpose. With a history of
tremendous success in the 3G services, Etisalat is confident with
4G LTE service to meet the rapidly growing customer demand for
fast internet services.
Therefore, this agreement, which also includes a partnership
in Srilanka, is expected to benefit both the companies,
especially Alcatel-Lucent, which is likely to experience
improvement in its operations in Asia-Pacific.
Recently, Alcatel received a 8-year contract from Indian based
Reliance Communications to manage its mobile and fixed networks
in the southern and eastern regions of India. The contract valued
at $1 billion is primarily aimed to cut costs and improve
efficiencies for Reliance Communications.
Presently Alcatel-Lucent has a Zacks Rank #3 (Hold), whereas
two of its competitors,
Cisco Systems Inc
LM Ericsson Telephone Company
), have a Zacks Rank #2 (Buy).
ALCATEL ADS (ALU): Free Stock Analysis Report
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