Verizon puts faith in Alcatel-Lucent

Alcatel-Lucent has scored its first major contract since merging, a US$6 billion deal with US firm Verizon Wireless.

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By  Administrator Published  April 5, 2007

Alcatel-Lucent has scored its first major contract since merging, a US$6 billion deal with US firm Verizon Wireless.

The three-year deal will see the telecommunication equipment maker supply network equipment, software and services to support Verizon in its move to an all-internet protocol (IP) network.

It will also provide optical and wireless transmission products, including MDR 8000 digital microwave radios, to the firm.

"This is the first big deal from the newly merged Alcatel-Lucent and it is very good news for the company," said analyst Jeff Kagan. "The last several years have been very lean for equipment companies, but I think these kind of big deals will start up again now that many big mergers are done and the companies are sorting through what they have and what they still need."

Alcatel-Lucent employs approximately 2,000 people in the Middle East. The firm was created last year from the merger of French telecom equipment maker Alcatel and its US rival Lucent Technologies.

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