FoxMandal in Alcatel-Lucent deal

FoxMandal joint venture deal

FoxMandal Little has acted for US-French telecom equipment supplier Alcatel-Lucent in the formation of a joint venture with Reliance Communications.

The joint venture will provide CDMA and GSM network services to telecommunications operators and aims to tap the US$16 billion managed network services industry. Its first assignment is to provide managed services for Reliance Communications’ networks in India.

The joint venture will operate around a new legal entity in which Alcatel-Lucent holds a 67% stake and has operational control.

FoxMandal handled the negotiations with Reliance Communications, drew up the joint venture agreement, and is advising in relation to the setup of the new venture. subscripton ad blue 2022