The two groups have decided to join together their respective strengths in the mobile handset industry: 

• In the mobile handset marketplace, TCL Mobile is one of the leading players in China with its highly recognized TCL brand, extensive sales and distribution network, large and flexible manufacturing base and fast-growing business in Asia
• In the mobile handset marketplace, Alcatel is a major player in Europe and Latin America, with its world-renowned brand, extensive sales coverage through its established relationships with global carriers and distribution networks, and comprehensive R&D capabilities        

The Joint Venture will be 55% owned by TCL Communication and 45% owned by Alcatel

Tomson D.S. LI, Chairman and CEO, TCL Corporation and Serge Tchuruk, Chairman and CEO, Alcatel