According to the agreements, Alcatel-Lucent will support the transformation of the two carriers and help them build faster and more cost-effective nationwide mobile and fixed broadband networks. The annual agreement signed between Alcatel-Lucent and China Mobile is valued at CNY4.53 billion, which is about EUR656 million; and the one signed with China Unicom is valued at CNY3.59 billion, which is about EUR520 million.