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Bharti-Alcatel sign $500 mn JV for managed services

Bharti-Alcatel sign $500 mn JV for managed services
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First Published: Thu, Apr 30 2009. 03 49 PM IST
Updated: Thu, Apr 30 2009. 03 49 PM IST
New Delhi: Bharti Airtel, India’s leading telecommunication company, said on Thursday it would form a joint-venture with Alcatel-Lucent to boost the Indian firm’s fixed-line and broadband services.
Alcatel-Lucent will hold 74% in the joint venture with Bharti holding the remainder, Bharti chief executive Manoj Kohli said, adding that the deal for managed services was worth $500 million over five years.
New Delhi-based Bharti, which controls 24% of the Indian mobile market with nearly 94 million users at March-end, also has 2.7 million fixed-line users.
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First Published: Thu, Apr 30 2009. 03 49 PM IST
More Topics: JV | Bharti | Alcatel | Telecom | Broadband |