This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Alcatel-Lucent To Supply Ultra-broadband Access Technology For China Telecom's New LTE Network

Stocks in this article: ALU

SHANGHAI and PARIS, Dec. 12, 2013 /PRNewswire/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) announced today that its innovative LTE solution has been selected by China Telecom for the operator's nationwide trial of high-speed mobile broadband. China Telecom has chosen Alcatel-Lucent as one of the top three suppliers for its network infrastructure operating in both the LTE TDD and FDD modes. 

The Chinese market is now the world's largest for subscribers, mobile data services and smartphones, and is increasing at a rate of more than 50 percent each year. China Telecom currently has more than 181 million mobile customers throughout the country.

Key Facts :

  • China Telecom has selected Alcatel-Lucent's lightRadio™ LTE Radio Access Network (RAN) as a key piece of its new nationwide ultra-broadband mobile access network
  • Alcatel-Lucent will provide 9,892 base stations as one of the top three suppliers for China Telecom's deployment of LTE-TDD and LTE-FDD technologies in 12 provinces in China
  • China Telecom has more than 181 million subscribers, and is deploying its LTE network to help meet the ever-increasing demand for high speed mobile Internet in the world's largest Smartphone market
  • The announcement with China Telecom comes on the heels of two major LTE-TDD announcements with China Mobile and Sprint, reinforcing Alcatel-Lucent's leadership in LTE
  • Alcatel-Lucent has established a strong global leadership position in LTE with more than 40 contracts for commercial deployments comprising eight of the top 10 global service providers
  • As The Shift Plan drives Alcatel-Lucent's industrial repositioning as a specialist vendor of IP Networking and Ultra-Broadband Access solutions, LTE deployments such as that with China Telecom underscore the importance of offering technology enabling both the transition to ultra-broadband access and unlocking its benefits

Quotes:

Michel Combes , CEO of Alcatel-Lucent, said: "Ultra-broadband access is a core part of The Shift Plan, and mobile broadband in particular is one of the areas we are investing in to provide customers with technology enabling them to bring their LTE services to market quickly and effectively. As such, this is a significant win for Alcatel-Lucent, underlining the relevance and popularity of our LTE strategy. With this innovative platform, China Telecom will be able to launch its LTE services rapidly, allowing its customers to quickly enjoy the services enabled by this technology."

Additional information:

About Alcatel-Lucent (Euronext Paris and NYSE: ALU) Alcatel-Lucent is at the forefront of global communications, providing products and innovations in IP and cloud networking, as well as ultra-broadband fixed and wireless access to service providers and their customers, enterprises and institutions throughout the world.

Underpinning Alcatel-Lucent in driving the industrial transformation from voice telephony to high-speed digital delivery of data, video and information is Bell Labs, an integral part of Alcatel-Lucent and one of the world's foremost technology research institutes, responsible for countless breakthroughs that have shaped the networking and communications industry. Alcatel-Lucent innovations have resulted in the company being recognized by Thomson Reuters as a Top 100 Global Innovator, as well as being named by MIT Technology Review as amongst 2012's Top 50 "World's Most Innovative Companies". Alcatel-Lucent has also been recognized for innovation in sustainability, being named Industry Group Leader for Technology Hardware & Equipment sector in the 2013 Dow Jones Sustainability Indices review for making global communications more sustainable, affordable and accessible, all in pursuit of the company's mission to realize the potential of a connected world.

With revenues of Euro 14.4 billion in 2012, Alcatel-Lucent is listed on the Paris and New York stock exchanges (Euronext and NYSE: ALU). The company is incorporated in France and headquartered in Paris.

For more information, visit Alcatel-Lucent on: http://www.alcatel-lucent.com, read the latest posts on the Alcatel-Lucent blog http://www.alcatel-lucent.com/blog and follow the Company on Twitter: http://twitter.com/Alcatel_Lucent.

SOURCE Alcatel-Lucent

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs