Lucent Awarded $810Mn Telecom Contract In Saudi Arabia
Lucent Technologies, the US telecommunications company, announced on 21 July that ithad been awarded two contracts worth $810mn by Saudi Telecommunications Co. (STC). Thefirst contract, worth $699mn, will expand the current GSM network by installing 575,000additional lines over the next 15 months. The expansion will cover new areas where GSMphone service has not been launched. STC, which is being...