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India Reliance Comm sees JV rev at $500 mln in 7 yrs

Mon May 12, 2008 6:27am EDT
 
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MUMBAI, May 12 (Reuters) - India's Reliance Communications (RLCM.BO: Quote, Profile, Research), said on Monday it expects a new joint venture with French-American telecoms equipment provider Alcatel-Lucent (ALUA.PA: Quote, Profile, Research) to have revenue of $500 million within five to seven years.

Reliance Communications, India's second-largest mobile provider, said it would own 33 percent of the venture for network management. (Reporting by Rina Chandran; Editing by John Mair)

 

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