Alcatel-Lucent(ALU) to Provide and Maintain an IP/MPLS Backbone in Ten provinces in China

Alcatel-Lucent (NYSE: ALU) signed an agreement with China Telecom to provide and maintain an IP/MPLS backbone across ten provinces (Guangxi, Hubei, Jiangxi, Ningxia, Sichuan, Jiangsu, Guizhou, Gansu, Xinjiang and Shanghai). This is part of a US$ 700M agreement recently signed between the two companies.