New Delhi, May 12: Country's second largest mobile operator, Reliance Communications today said it has formed a joint venture with French telecom equipment maker Alcatel-Lucent to foray into Rs 64,000 crore market of network management for telecom operators across the globe.
Under the contract, Alcatel-Lucent will provide managed services for Reliance' s CDMA and GSM networks in India, for 12 circles in the north and western parts of the country. ''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,'' Reliance Communications Head - Managed Network, Sandip Biswas said.
The joint venture will support the expansion and growth of Reliance Communications, within and outside India, bringing predictability of the operations and related expenses, while maintaining the highest standards of customer experience, Mr Biswas added.
''A new legal entity is being formed as part of the joint venture. Alcatel-Lucent will have the operational control of the new entity,'' Alcatel-Lucent Managing Director, India Regional Unit Vivek Mohan said.
Reliance Communications is represented in the Joint Venture through its wholly own subsidiary. The joint venture will thereafter expand its operations in the global arena and aims to create a unique cornerstone and cost-effective bridge for managed services globally.