The French company, which proposes solutions to business and offers voice, data, video services to customers, will supply America Movil's subsidiary Claro Dominican Republic with 4G LTE network overlay solutions, which will enable faster deployment of ultra-broadband mobile access services.
The new 4G LTE overlay is part of America Movil's Latin America 4G rollout and will cover most of the Dominican Republic's territory, including coverage in major cities, and service up to 80% of its population.
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Shares of Alcatel Lucent are lower by -2.76% to $3.52 in early afternoon trading on Thursday.
Separately, TheStreet Ratings team rates ALCATEL-LUCENT as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALCATEL-LUCENT (ALU) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."