RCom forms JV with Alcatel

Anil Ambani group owned telecom company Reliance Communications(R.COM) has given a huge deal worth around 400 million dollar to Alcatel-Lucent.
This deal is for Network Managed Services(NMS) and would be applicable to both their CDMA and GSM mobile networks.The two companies would now be forming a joint venture company and the management work would be outsourced to this entity.Reliance Communications is expected to launch their expanded GSM operations in the Indian market by the end of the current year.
A company representative said: “We are aiming to set up nationwide GSM and CDMA network by fiscal end, which will cover 23,000 towns and six lakh villages serving 97 per cent of the Indian population.”