Alcatel Plans Russian Fiber Facility

Alcatel and Svyazinvest, the largest Russian telecom player, to create an optical fiber joint venture in Russia

April 3, 2002

1 Min Read

PARIS -- Alcatel (Paris: CGEP.PA and NYSE: ALA), andSviazinvest today signed a Memorandum of Understanding envisaging thecreation of a joint venture to manufacture optical fiber in the territoryof Russia. Thus, Alcatel, the world leader in optical networking isbecoming the first Western company planning, together with a Russianpartner, to manufacture high technology fibers for the booming Russiantelecom market. Estimates show that Russia may triple its demand foroptical fibers by 2005.Svyazinvest is a key player in the Russian telecom market. With itssubsidiaries that include several Russian operators and the largestlong-distance carrier OAO Rostelecom, it accounts for a significant amountof optical fiber purchases in the country.The new manufacturing facility is expected to enter into production andstart shipping products to the Russian market in 2003. “We are proud to have signed this joint venture agreement withSvyazinvest, the largest telecom player in Russia and in the Commonwealthof Independent States (CIS). We are going to combine our leading opticalfiber technologies with Svyazinvest's broad customer contacts in the regionto meet growing business opportunities,” stated Serge Tchuruk, Alcatel'sChairman and CEO. “This new development demonstrates Alcatel's commitmentto this region, one of the booming telecom markets today.”Alcatel SASvyazinvest

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