In Mobile World Congress (Barcelona, Spain)
) announced that it has entered into new ventures in India and
In India, ALU entered into an agreement with
for providing and managing transformation services to a fully
owned subsidiary of Telnor Group Company (
Communications Private Limited).
This contract will cover the states of Gujarat, Maharashtra
and Andhra Pradesh. More than 250 million people of the three
states will be benefited and will enjoy a high standard network
Being a global leader, ALU will bring its experience and
expertise for establishing the refined operational performance to
Telewing's new subscribers. ALU will use its Bell Labs
Technologies for accomplishing this purpose. As per the terms of
the contract, the company's high standard Network performance
tolls will also come in play.
In Iraq, Alcatel lucent signed a contract with
, a communication service provider in Northern Iraq. The
agreement is for setting forth the super fast 4G LTE technology
for wireless broadband services in Iraq, which will be
experienced by the nation for the first time. This will enable
the people of Iraq to enjoy a number of high speed internet
accesses and will make the business performance much faster.
Apart from high-definition video streaming, video
conferencing, voice calling etc, this venture is believed to help
Iraq to recover and re-establish the nation's communication
infrastructure, which was hampered to a great extent by the
recent political unrest. This project is believed to recover and
encourage Iraqi economy as it will bring back the required
Recently, ALU entered into agreements with
, Srilanka, for providing the 4G LTE network solutions expertise
in mobile broadband infrastructure in Srilanka. It also received
a $1 billion contract from
, India, to manage its mobile and fixed networks.
Presently Alcatel-Lucent has a Zacks Rank #3 (a short-term
Hold), whereas two of its competitors,
Cisco Systems Inc
LM Ericsson Telephone Company
), have a Zacks Rank #2 (a short-term Buy).
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