Reliance Communication has finalised a deal with Alcatel-Lucent for supply of Code Division Multiple Access (CDMA) equipment used for offering mobile services. This is the first major contract Alcatel-Lucent will be getting from India after the merger of French major Alcatel with US equipment vendor Lucent.
Lucent had earlier supplied CDMA equipment to Reliance in 2004. The deal size is estimated at around $350 million and will be officially announced shortly, according to industry sources.
The contract will enable Reliance to undertake its major expansion plans involving over 20,000 towers across the country. The company has said that it will invest close to $2.5 billion in 2007-08 in expanding its telecom network to more number of towns and cities across the country. The company is also looking to launch new services, including direct-to-home and Internet Protocol Television by third quarter of the next fiscal. Currently, Reliance is the number two cellular firm in terms of subscribers and is adding close to a million new users a month.
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