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Alcatel Lucent (NYSE:ALU): Current Price $1.67
India’s second largest mobile phone company, Anil Ambani controlled Reliance Group, has outsourced its network management for the eastern and southern regions to telecom equipment maker Alcatel Lucent (NYSE:ALU) in an eight-year deal valued $1 billion. About 4,000 employees will shift from Reliance Communications to Alcatel Lucent. The contract covers network management for both wireless and fixed line operations. Munish Seth, managing director for Alcatel Lucent’s Indian operations said the deal was one of its largest and most strategic contracts to date.
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