1 May 2009, 0054 hrs IST, TNN
NEW DELHI: Telecom major Bharti Airtel has signed a five-year managed services deal valued at $500 million with Alcatel Lucent for its fixed-line and broadband operations.
A separate joint venture company in which Alcatel Lucent will hold 74% equity and Airtel the remaining 26%, will manage the services. "We have not yet decided on value of the equity capital", Bharti Airtels CEO & Jt MD Manoj Kohli told ToI. The new joint venture will be manned by 4,000 employees, which are to come from both the partner firms. However, the number of employees that will be transferred out from each company has not been disclosed. Alcatel Lucent will be responsible for installation and rollout of services at the customer premises, will provide 24x7 customer service and also be involved with the transformation or migration of the network to an Internet Protocol platform for flexibility and scale. Bharti has already outsourced its network management to Nokia Siemens and Ericsson in two different deals for its wireless business while its IT infrastructure is managed by IBM.
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