Ericsson wins $1 billion contract from India's Reliance Comm

MUMBAI Mon Feb 11, 2013 12:59pm IST



MUMBAI (Reuters) - Indian mobile phone carrier Reliance Communications Ltd (RLCM.NS) said on Monday that it has awarded an eight-year contract valued at $1 billion to telecommunications equipment maker Ericsson (ERICb.ST) to manage its networks in the northern and western states of India.

Last month, Reliance Communications gave Alcatel-Lucent SA (ALUA.PA) an eight-year contract valued at more than $1 billion to manage its mobile and fixed networks in east and south India.

(Reporting By Aradhana Aravindan; Editing by Prateek Chatterjee)


After wave of QE, onus shifts to leaders to boost economy

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