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Business/Financial

China Mobile, China Telecom and Alcatel-Lucent Sign $1.7 Billion Pact

DDN

Monday, May 4th, 2009

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Alcatel-Lucent [ALU] signed two framework agreements worth $1.7 billion with China Mobile and China Telecom, Alcatel-Lucent announced. The deal will provide network upgrades, integration and maintenance services this year. As the leading operators in China, China Mobile and China Telecom were granted 3G licenses in January for TD-SCDMA and CDMA/EV-DO technologies, respectively. The agreements were secured through Alcatel-Lucent Shanghai Bell, Alcatel-Lucent's Chinese company. The contracts were signed in Washington, D.C. They break down this way: Under an agreement worth about…

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