RELIANCE COMMUNICATIONS LTD
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BSE Code:
532712
NSE Code:
RCOM
Business Profile
Business Profile
Reliance Communications (RCOM), a part of Anil Dhirubhai Ambani group, was originally incorporated on July 15, 2004 as a private sector company. The status of the company changed from private to public on July 25, 2005. RCOM was formerly known as Reliance Communication Ventures Ltd. RCOM has its corporate office in Navi Mumbai, India.
Reliance Communications offers a reliable, high-capacity, integrated (both wireless and wireline) and convergent (voice, data and video) digital network. It offers a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services ? for enterprises as well as individuals, applications, and consulting. RCOM provides a complete range of telecom services covering mobile and fixed line telephony which includes broadband, national and international long distance services and data services along with an exhaustive range of value-added services and applications.
Reliance Communications owns and operates the world`s largest next generation IP enabled connectivity infrastructure, comprising over 165,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.
Financials
The company disclosed a marginal decline in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 9.04% to Rs 3,970.40 million from Rs 4,364.80 million in the same quarter last year. Net sales declined marginally 2.04% to Rs 33,342 million, while total income for the quarter fell marginally 0.35% to Rs 33,987.30 million, when compared with the prior year period. It reported earnings of Rs 1.92 a share during the quarter, registering 9.43% decline over prior year period.
Recent Developments
26-MAY-09
The shareholders of the company have approved the demerger of the optic fiber division of RCOM to Reliance Infratel with requisite majority. Reliance Infratel is the subsidiary of RCOM.
08-APR-09
Anil Dhirubhai Ambani Group (ADAG) company, launched `Reliance Netconnect Broadband Plus`, high-speed CDMA wireless broadband service in Madhya Pradesh.
31-MAR-09
The company launched its CDMA wireless broadband service, Reliance Netconnect Broadband Plus in Lucknow.
24-MAR-09
The company launched its post paid GSM services for in Uttar Pradesh (UP) and Uttarakhand.
14-FEB-09
The company entered into a Rs 500 million deal with US-based Ditech Networks to deploy the latter`s voice enhancement solution on its recently unveiled GSM network.
13-FEB-09
Company`s DTH arm BIG TV has withdrawn from partnering the Indian Premier League (IPL) alleging discrimination by the broadcast rights-holder of the event Sony Entertainment Television (SET).
Future Plans
The company plans to concentrate on mobile content services other than voice. It also plans to spend Rs 5 billion every year for the next three years. This CAPEX will be used for network expansion of its CDMA business to over 4,500 towns from the present 2,000 towns and expansion of its GSM operations. It has a tie-up with Microsoft Corporation to roll out its Internet protocol television initiatives. It has formed a consortium with Egypt-based Arab Computer Manufacturing Company and has been shortlisted for Egypt`s third mobile licence.
RCom plans to launch international data roaming facility in Canada, followed by Latin America and then to Asian countries like Japan, South Korea, China and other countries.