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Monday, October 24, 2011

Alcatel to Invest US$500 Million in India and Make It the Hub for Managed Services

By: Biz India
Soirce:www.bizindia.com


Telecom equipment maker Alcatel-Lucent (ALU) has firmed up its plans to make India its hub for managed services including an investment of $500 million over the next three years.

Speaking to Business Line, Mr Ben Verwaayen, Chief Executive Officer, Alcatel-Lucent said, 'As we are speaking we are on our way to making India our hub for managed services. This is the fourth pillar of our global strategy.

We are building capabilities here based on some phenomenal work that has been done here itself. The joint ventures with Bharti and Reliance have given us tremendous capabilities. The movement is from network built for voice to networks to be built for IP. This transformation is happening globally and we can help in that transformation from here because of the talent base.'

In June, ALU had said that it was looking to make this move but it was a huge decision. 'I can confirm now that this decision has been taken. We are adding people, we are adding capabilities. Our R&D centre is also getting more creative work and it has much important role to play beyond India,' he added.

Source: http://www.bizindia.net/news/News.asp?newsID=328&catID=61

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