NEW DELHI -(Dow Jones)- Reliance Communications Ltd. [532712.BY] is in talks with four companies for a $3 billion contract to manage its mobile phone networks, a person with direct knowledge of the development said Tuesday. The telecom company, part of the Reliance Group owned by billionaire Anil Ambani, is speaking with L.M. Ericsson Telephone Co. [ERIC], Alcatel-Lucent [ALU] as well as China's ZTE Corp. [ZTCOY] and Huawei Technologies Co., the person told Dow Jones Newswires. "Reliance Communications plans to finalise the contract in the next month, month-and-a-half," the person said. Executives at the Indian units of Huawei, ZTE, Alcatel-Lucent and Ericsson couldn't immediately be reached for comment. Reliance Communications is India's second-largest mobile phone company with more than 150 million subscribers. --By R. Jai Krishna, Dow Jones Newswires; +91-9967586928; romit.guha@dowjones.com
