Bharti Airtel to buy Alcatel-Lucent stake in India JV

NEW DELHI Tue Feb 5, 2013 2:00pm IST

The logo of Alcatel-Lucent is pictured at the entrance of its Paris headquarters December 12, 2008. REUTERS/Charles Platiau/Files

The logo of Alcatel-Lucent is pictured at the entrance of its Paris headquarters December 12, 2008.

Credit: Reuters/Charles Platiau/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - Bharti Airtel(BRTI.NS) said it would buy the entire equity stake of Alcatel-Lucent SA(ALUA.PA) in a joint venture company that manages the fixed-line and broadband networks for India's top telecommunications carrier.

The companies did not give any financial detail in a joint statement.

Bharti Airtel said the entity would operate independently and going forward it would invite other telecommunications operators for equity participation and bring the management of their broadband and fixed-line networks under the entity.

(Reporting by Devidutta Tripathy; Editing by Anand Basu)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

FCI Revamp

FCI Revamp

Govt begins revamp of Food Corporation of India to cut waste, tame prices  Full Article 

Banking Fraud

Banking Fraud

Govt probing alleged fraud in two state-run bank branches   Full Article 

New Metro Rail

New Metro Rail

Cabinet approves $1.4 bln new metro rail project   Full Article 

Gold Stagnation

Gold Stagnation

Fading volatility promises long period of gold stagnation  Full Article 

Onion Price

Onion Price

Cabinet cuts onion export price by 30 pct  Full Article 

Housing Policy

Housing Policy

RBI deputy gov says cbank tweaking policies for affordable housing  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage