Ericsson wins $1bn contract from India's Reliance Comm

MUMBAI: Indian mobile phone carrier Reliance Communications Ltd said on Monday that it has awarded an eight-year contract valued at $1 billion to telecommunications equipment maker Ericsson to manage its networks in the northern and western states of India.

Last month, Reliance Communications gave Alcatel-Lucent SA an eight-year contract valued at more than $1 billion to manage its mobile and fixed networks in east and south India.