Alcatel-Lucent in $4-bn pact with Verizon Wireless
French group Alcatel-Lucent and US telecom firm Verizon Wireless have entered into a $4-billion pact for four years for collaboration in the area of telecom infrastructure.
As part of the agreement, Alcatel-Lucent's wireless network architecture and services would be utilised to support Verizon Wireless' 3G network expansion and and 4G/LTE (long-term expansion) network.
Alcatel-Lucent in a statement today said the agreement is expected to result in business worth $4 billion.
As per the pact, Alcatel-Lucent would provide infrastructure solutions in areas including professional and network integration services.
"Network reliability is a top reason business and consumers choose and stay with us. With Alcatel-Lucent's strong support, we continue to optimise our networks and will remain the most reliable in the nation for years to come," Verizon Wireless Chief Technology Officer Tony Melone said.
A leading telecom player in the US, Verizon Wireless serves more than 92 million customers.