Alcatel-Lucent Signs Multi-Billion Deals In US, China

Date : 11/04/2010 @ 5:44AM
Source : Dow Jones News
Stock : China Mobile Limited (CHL)
Quote : 53.87  -0.04 (-0.07%) @ 4:02PM

Alcatel-Lucent Signs Multi-Billion Deals In US, China

Alcatel-Lucent (EU:ALU)
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Franco-U.S. telecom equipment maker Alcatel-Lucent SA (ALU.FR) Thursday announced four major contract wins in the U.S. and China worth several billion dollars.

Alcatel-Lucent said it was awarded a four-year wireless contract with U.S. carrier Verizon Wireless expected to be worth around $4 billion.

Alcatel will expand Verizon Wireless's third-generation mobile network, as well as develop the company's fourth-generation long-term-evolution, or LTE, network.

Verizon Wireless is a joint venture between Verizon Communications Inc. (VZ) and Vodafone Group PLC (VOD).

Separately, Alcatel said it will sign three contracts with Chinese telecom operators worth a total of EUR1.18 billion.

The contracts--with China Telecom Corp Ltd. (CHA), China Mobile Ltd. (CHL) and China Unicom Ltd. (CHU)--will be signed on Nov. 5 during the visit to France of China president Hu Jintao, Alcatel said.

-By Ruth Bender, Dow Jones Newswires; +33 1 4017 1740; ruth.bender@dowjones.com

 
 



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