Reliance and Alcatel Lucent Form Managed Services Joint Venture

India's Reliance Communications and Alcatel-Lucent have formed a joint venture which focuses on the fast growing US$ 16 billion Managed Network Services industry and will cater to telecom operators, both CDMA and GSM, across the globe.

The first assignment of this joint venture will be to provide Managed services for Reliance Communications nationwide CDMA & GSM networks in India.

"World over, the biggest challenge telecom operators are facing is to continuously improve competitiveness by reducing operating expenditure and enhancing network quality to provide superior customer experience. The combined expertise and experience of Reliance and Alcatel-Lucent would create an unmatched blend of leadership in technology, innovation, scale of operations and customer service to become the worlds leading Managed Network Services Provider," said Mr. Sandip Biswas, Head - Managed Network, Reliance Communications. "The joint venture is a leap forward in Reliance Communications' vision to continuously redefine the benchmarks of customer experience and enhance value for our 2 million shareholders."

A new legal entity is being formed as part of the joint venture. Alcatel-Lucent will have the operational control of the new entity. Reliance Communications is represented in the Joint Venture through its wholly owned subsidiary.

The joint venture will also expand its operations in the global arena.

Posted to the site on 12th May 2008