Franco-American telecommunications equipment maker Alcatel-Lucent (ALU) Wednesday said it has been selected by China Telecom's (CHA) Guangdong Telecom for the deployment of a high-speed broadband network.

The Guangdong Telecom contract "helps us secure a 50% share of this new market in China," said Olivia Qiu, President of Alcatel-Lucent's activities in East Asia and of Alcatel-Lucent Shanghai Bell.

Company Web site: www.alcatel-lucent.conm

-By Ruth Bender, Dow Jones Newswires; +33 1 40 17 17 40; ruth.bender@dowjones.com