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RComm awards Rs 2,500 cr outsourcing deal to Alcatel-Lucent
Reliance Communications (RCom) has awarded a $500 million (Rs 2,500 crore) operations and maintenance contract to French telecom infrastructure provider Alactel-Lucent. Last year, Reliance and Alcatel formed a joint venture for network management services, with the Indian company holding 33 percent and the French company owning the rest.
Last week, Reliance Communications entered into a marketing JV with Krishak Bharati Cooperative Limited (KRIBHCO) for selling its products in rural India.
The JV company known as KRIBHCO Reliance Kisan Ltd is aimed at synergising the strengths of both companies to create a rural distribution model for sales of telecom and non-telecom products.
KRIBCO will hold 60% equity in the JV company with the balance 40% held by Reliance ADAG.
Source : economic Times
Last week, Reliance Communications entered into a marketing JV with Krishak Bharati Cooperative Limited (KRIBHCO) for selling its products in rural India.
The JV company known as KRIBHCO Reliance Kisan Ltd is aimed at synergising the strengths of both companies to create a rural distribution model for sales of telecom and non-telecom products.
KRIBCO will hold 60% equity in the JV company with the balance 40% held by Reliance ADAG.
Source : economic Times
