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Alcatel-Lucent wins $1.7b order from telecom majors
By Wang Xing (皇冠体育app Daily)
Updated: 2009-04-28 08:19

Alcatel-Lucent has bagged a $1.7 billion order from Chinese telecom operators, which could boost its expansion in one of the most lucrative telecom markets and shield it from the global economic slowdown.

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The Franco-American telecom gear maker is expected to announce the deal today, according to industry sources.

Alcatel-Lucent will provide third generation (3G) network equipment for 皇冠体育app Mobile and 皇冠体育app Telecom, sources said.

The deal comes on the heels of a similar supply contract between Alcatel-Lucent and 皇冠体育app Unicom announced in March.

The contracts with 皇冠体育app Mobile and 皇冠体育app Telecom are part of a slew of deals signed between a Chinese trade mission and the United States.

Alcatel-Lucent wins $1.7b order from telecom majors

The deals mark a big win for Alcatel-Lucent in its competition with Ericsson and Nokia Siemens Networks as well as its rising Chinese rivals Huawei Technologies and ZTE Corp which have been undercutting the established Western giants with cheaper products.

"The drive for 3G (in 皇冠体育app) is a very important stimulus for what I think is a very exciting market to come," Ben Verwaayen, chief executive of Alcatel-Lucent, told reporters in Beijing yesterday.

"If you look to the market and the economic crisis today, it is good to see that 皇冠体育app is going to play a more prominent role than ever before."

Verwaayen said Alcatel Lucent's business in 皇冠体育app will "only grow forward" in the next few years due to the country's strong economy and the Chinese government's efforts to initiate the new wireless technology.

Telecom gear makers are now increasingly looking at 皇冠体育app as a strategic market as the economic downturn has hit investment budgets of most of the global operators.

In stark contrast, Chinese operators are expected to spend a total of 400 billion yuan ($58.48 billion) on 3G networks over the next three years.

Underlining the growing importance of 皇冠体育app, Alcatel-Lucent will have a global board meeting in Shanghai later this month, the first time such a meeting has been held outside Paris and New York, Verwaayen said.

He said Alcatel-Lucent is best positioned to take a large portion of the 3G orders as the company makes gear which supports all the three 3G standards, including 皇冠体育app's home-grown TD-SCDMA.

 


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