[April 30, 2009] Bharti Airtel forms joint venture with Alcatel-Lucent Tweet Apr 30, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Bharti Airtel Limited, an India-based provider of integrated telecommunication services, has formed a joint venture with Alcatel-Lucent, a France-based communication solutions provider, to manage Bharti's pan-India broadband and telephone services and help its transition to next generation networks. Under the joint venture, Alcatel-Lucent will design, plan, deploy, optimize, and manage Bharti's broadband and telephone network across India. A new legal entity is being formed which will be operated by Alcatel-Lucent. Alcatel-Lucent will hold a 74% stake in the joint venture with Bharti will hold the remaining 26% stake. Deal Type Partnership Sub-Category Joint Venture Deal Status Completed: 2009-04-30 Deal Participants Partner 1 (Company) Bharti Airtel Limited Partner 2 (Company) Alcatel-Lucent Deal Rationale The joint venture will support Bharti Airtel's transformation to next generation networks, offering advanced services like high-speed internet, triple play, media-rich VAS, MPLS, VPN for both retail and business customers. The partnership will also drive optimal capital investment and increase operational efficiency by moving voice and data traffic onto a single, packetized infrastructure. [ Back To TMCnet.com's Homepage ]