Best of News


A pedestrian walks past a kiosk with an advertisement for Reliance... News PhotoAdvertisement,Finance,Horizontal,India,Kiosk,Mumbai,Pedestrian,Technology,WalkingPhotographer Collection: AFP 2013 AFPA pedestrian walks past a kiosk with an advertisement for Reliance Communications in Mumbai on January 16, 2013. Indian mobile phone company Reliance Communications will award a $1-billion, eight-year contract to US-French telecom equipment supplier Alcatel-Lucent, the companies said Wednesday. The contract plans to deliver voice and data communication services to RCom's networks in southern and eastern India, they said in a statement. The deal, which will see nearly 4,000 RCom employees -- 15 percent of its workforce -- move to Alcatel, comes at a time when local telecom firms have been slowing down investments, amid intense competition and regulatory policy uncertainty in India, one of the world's largest telecom markets. AFP PHOTO/ INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)