Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Bharti-Alcatel sign $500 mn JV for managed services
BackBack

Bharti-Alcatel sign $500 mn JV for managed services

Bharti-Alcatel sign $500 mn JV for managed services

Premium

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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 30 Apr 2009, 03:49 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie