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Monday, June 8, 2009

Reliance May Give $600 Million Order to Alcatel, Standard Says

June 9 (Bloomberg) -- Reliance Communications Ltd. may give a contract worth as much as $600 million to Alcatel-Lucent SA, Business Standard reported, citing unidentified people familiar with the developments.

The order to operate and maintain Reliance’s global system for mobile communications and optical fiber networks may be awarded in a couple of weeks, the newspaper said.

Gaurav Wahi, a Mumbai-based spokesman at Reliance, declined to comment on the report when called by Bloomberg News.

Alcatel-Lucent and Reliance, India’s second-biggest wireless carrier, agreed in May last year to form a venture to manage mobile-phone networks in India.

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