Positive Growth

June 7, 2007 (LBO) – Alcatel-Lucent, the largest telecom equipment manufacturers in the world, opened a branch in Sri Lanka Thursday saying sales have doubled in the island during the last two years.

“All the south Asian markets are very competitive. We will continue to provide support to our customers and we will push for more share in the product side,” Sharma said. President of the south Asia region for Alcatel-Lucent, Ravi Sharma, says the company hopes to stay in Sri Lanka despite the instability in the political, economic and security situation owing to good revenue from the telecommunication sector.

Alcatel-Lucent provides a wide product range for the market with Sri Lanka Telecom, Dialog Telekom and Tigo, formerly known as Celltel, being its top customers.

Sharma says Sri Lanka’s telecom market has more potential to expand and develop. The company plans to focus on providing Wi max, ADSL and under sea cable equipment to the country.

“Any market which is underserved on the rural side and underserved in terms of faster bandwidth on the urban side, is a good market. And Sri Lanka in that sense, fulfils the two requirements.”

The company, with 25 billion dollars in ann