Alcatel's Healthy Deal

Alcatel announced a very large multiyear contract worth $300 million this week -- but not with a telecom operator.

Instead, the deal is with the University of Pittsburgh Medical Center, with which Alcatel will form a joint venture to develop technologies and applications for the healthcare industry, as well as providing "enterprise data and telephony solutions, IP routing equipment, optical transport technology and contact center solutions."

Source: Alcatel's Healthy Deal - Light Reading