cogitoergosum
2011-03-04 14:23:39 UTC
Everything you always wanted to know about India and more
Anil Ambani, A cat on a hot tin roof: Sid Harth
http://cogitoergosum.co.cc/2011/03/04/anil-ambani-a-cat-on-a-hot-tin-roof-sid-harth/
DEALTALK-As debt piles up, Ambani’s Reliance Comm faces key test
Reliance Communications Ltd.
(Public, BOM:532712)
BSE Sensex 18,486.45 -0.02%
532712 93.30 0.05%
(Public, BOM:532712)
93.30
+0.05 (0.05%)
Mar 4 – Close
Currency in INR
1. Range 92.60 – 95.80
2. 52 week 85.20 – 204.75
3. Open 94.15
4. Vol. 4.05M
5. Mkt cap 192.57B
6. P/E 8.49
7. Div/yield 0.85/0.91
8. EPS 10.99
9. Shares 2.06B
10. Beta
Stocks
Bharti Airtel Ltd
BRTI.BO
Rs326.75
-3.95-1.19%
5:28am EST
Idea Cellular Ltd
IDEA.BO
Rs60.20
+1.65+2.82%
5:19am EST
Reliance Communications Ltd
RLCM.BO
Rs93.30
+0.05+0.05%
5:28am EST
Fri Mar 4, 2011 4:24am EST
* Net debt $7 billion against market cap of $4 bln
* Credit default swaps up 90 basis points since Dec
* Shares are among worst performers this yr in large-caps
* Stock down nearly 90 percent since 2008 peak
* Deals to pare debt fail to materialise
By Sumeet Chatterjee
MUMBAI, March 4 (Reuters) – The clock is ticking and costs are seen
rising for Reliance Communications Ltd as it struggles to reduce a $7
billion mountain of debt ahead of a major bond redemption next year.
Shares in India’s No. 2 mobile carrier, controlled by Anil Ambani, who
ranked 36th on last year’s Forbes global rich list, dropped to a
record low this week leaving the company valued at $4.3 billion.
Six straight quarters of falling profits as a tough telecoms market
squeezes margins and failed attempts to raise cash are eroding
investor confidence in the company, which faces tests with $1.2
billion in convertible debt falling due.
“The competitive landscape for telecoms firms in India is very tough
and that’s a problem for Reliance as well,” said Lars Hemmingsen, a
Copenhagen-based portfolio manager at Nordea Intia, which manages $260
million worth of Indian shares.
“What makes the matter worse for them is huge debt on the balance
sheet and weak cash flow. You also have these negative news headlines
hitting investor confidence in the firm,” said Hemmingsen, who does
not hold Reliance Communications shares.
In February, Ambani became the highest-profile executive to be
questioned by federal police investigating a telecoms fraud that state
auditors say cost the government $39 billion in lost revenues.
No executives from Reliance Communications have been charged and the
company has denied any wrongdoing.
Last year, Reliance Communications attempted to sell a 26 percent
stake in itself to pare debt. But it found no takers.
A plan to float its tower unit in an initial public offering also
failed to take off and a deal to merge its tower arm with a rival
collapsed.
Reliance Communications is battling a fast-growing but ferociously
competitive Indian cellular market in which call charges have fallen
and operational costs have risen, triggering declines in margins,
while regulatory worries have also increased.
The shares have fallen about 35 percent this year, making them the
eighth worst performer globally among large capitalised firms.
On Feb 9 alone, shares in six companies of Reliance ADA, Ambani’s
conglomerate, dropped suddenly to wipe $2.5 billion off its market
value. The billionaire blamed “baseless and motivated rumours” for the
drop.
DEBT TEST
The cost of insuring against debt default in Reliance Communications
through credit default swaps (CDS) has risen 90 basis points this year
to 525 basis points.
That’s an insurance premium of $525,000 for every $10 million of debt
and has risen as markets focused on about $1.2 billion of convertible
bonds in Reliance Communications that will mature by March 2012.
“If you look globally, the appetite for new issues is pretty low and
this company has so many problems. I think the terms of refinancing
would be stiff because the company’s cash flow continues to be very
weak,” said Thorsten Vetter , a portfolio manager at Flossbach & Von
Storch in Cologne, Germany, who last year sold Reliance Communications
bonds maturing in 2012.
Two convertible bonds are due over the next 12 months but investors
are unlikely to convert their holdings into equity following the fall
in the share price to 93 rupees.
A $297 million bond due in May has a conversion price of 475 rupees. A
$925 million bond maturing in March 2012 has a conversion price of 654
rupees.
Since the bonds are out of the money at current prices, the firm is
likely to have to shell out about $374 million for the 2011 bond and
$1.2 billion for the 2012 debt.
The 2011 convertible bonds are bid at 122-123 in secondary markets
versus the redemption price of 125.84, while investors are more
cautious about the 2012s, which are bid at 114.25-114.75 versus their
127.69 redemption price.
A Reliance Communications spokesman declined to comment on the
company’s plan to reduce its debt burden.
During an analysts call in February, Satish Seth, group managing
director of Reliance ADA Group, said the company was evaluating
several options.
WEAKENING CASH FLOWS, HIGH DEBT
Reliance Communication’s net debt to EBITDA (earnings before interest,
tax, depreciation and amortisation) is seen at 4.8 times in the year
ending March 31, Thomson Reuters data show.
This compares to just under 3 times at bigger rival Bharti Airtel and
2.8 times at Idea Cellular .
“It doesn’t make sense to lend to this company any more. It needs a
serious equity injection,” said a senior Singapore-based loans banker
who covers Indian deals, who was not authorised to speak to the media
on the record.
An equity issue, however, would be painfully dilutive, given that
Reliance Communications shares have tumbled nearly 90 percent from
their 2008 peak .
JPMorgan recently slashed the company’s share price target for
December by 49 percent to 82 rupees, citing concern about high
leverage and the cost of a possible refinancing of $1.2 billion of
bonds maturing by March 2012.
“First they will have to set their house in order before they start
looking for strategic investors,” Hemmingsen of Nordea Intia said.
“There is always a buyer for a right price and transactions do happen
despite a lot of headwinds.”
Despite the troubles, some banks are not shying away from lending to
the company, Reliance Communications signed a deal with China
Development Bank in December for a $1.93 billion 10-year, syndicated
loan. (Additional reporting by Shankar Ramakrishnan in SINGAPORE,
Umesh Desai and Maggie Chen in HONG KONG, Devidutta Tripathy and Neha
D’silva in MUMBAI; Editing by Tony Munroe and Anshuman Daga)
BREAKINGVIEWS-India corruption travails could presage catharsis
21 Feb 2011 09:30
Source: reuters // Reuters
– The author is a Reuters Breakingviews columnist. The opinions
expressed are his own –
By Hugo Dixon
LONDON, Feb 21 (Reuters Breakingviews) – It’s easy to see why
investors in India are running scared. Two top tycoons have been
hauled in by investigators in connection with a mounting telecoms
scandal, inflation is rampant and the government seems paralysed.
The Sensex index of leading stocks has dropped 11 percent this year.
And the shares of Reliance Communications , chaired by Anil Ambani,
one of the two tycoons questioned by police, have been hammered: they
are down 36 percent. The other is Prashant Ruia, chief executive of
Essar Group. Neither has been charged.
But endemic corruption, which is estimated to drag economic growth
down by 1 to 2 percentage points a year, is an old story. What’s new
is that there has been an outcry about it. The urban middle classes
seem fed up and the media is hounding the story. The Supreme Court,
meanwhile, has criticised Prime Minister Manmohan Singh for his slow
response and put steel in the spine of the police, telling them to
question even billionaires.
Singh now looks likely to agree to a cross-party parliamentary probe
into the scandal which is estimated to have cost the government up to
$39 billion in lost revenues. Weeks of public hearings would keep up
the pressure for reform. Campaigners are also calling for the
government’s proposed anti-corruption law, which many consider to be
toothless, to be replaced by something stronger.
Of course, corruption isn’t going to be uprooted overnight. There are
too many factors entrenching it — not least, the need to divide up
ministerial posts between different political parties to stitch
together elaborate coalitions in this hugely diverse country.
And India has other problems that won’t just vanish. Singh’s
government lacks oomph but there’s no quick way to improve on it.
Meanwhile, inflation is being driven by a mixture of global commodity
prices (which Delhi can’t influence) and structural rigidities (which
would take years to solve even with dynamic leadership).
Nevertheless, the vigour with which anti-corruption probes are now
being pursued offers the best chance, albeit no guarantee, of a
catharsis which could ultimately boost India’s long-term growth
potential.
CONTEXT NEWS
– Two top Indian businessmen, Anil Ambani and Prashant Ruia, were
questioned by police investigators last week in connection with a
mounting telecoms corruption scandal. Neither has been charged.
Ambani, chairman of Reliance Communications, and Ruia, chief executive
of Essar Group, didn’t return calls.
– Meanwhile, Manmohan Singh, the Indian prime minister, is reported to
be close to agreeing to a cross-party parliamentary investigation into
the scandal. The country’s auditor estimates that India may have lost
up to $39 billion when the telecoms ministry gave out licences at
below-market prices in 2007/2008. The opposition boycotted the last
parliamentary session because Singh was refusing to agree to such a
probe.
– India’s government will battle both inflation and corruption,
president Patibha Patil told the country’s parliament on Feb. 21.
– “My government stands committed to improving the quality of
government and enhancing transparency, probity and integrity in public
life,” Patil said. “A Group of Ministers is considering all measures,
including legislative and administrative, to tackle corruption and
improve transparency.”
– Reliance Communications’ shares have fallen 36 percent this year.
India’s Sensex index of leading shares has dropped 11 percent.
– Reuters story: India govt tries to gain initiative, vows to fight
graft
(Editing by Rob Cox and David Evans)
RCOM Signs Pact With Radio Netherlands Worldwide
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire – 25 February
2011 Release date- 17022011 – Mumbai / Hilversum – Reliance
Communications, India’s leading telecom service provider, today
announced signing an agreement with Radio Netherlands Worldwide, an
established player in news & entertainment broadcasting for over 60
years.
Under the agreement, R World – the next generation mobile portal
accessible to over 125 million Reliance 3G, GSM and CDMA customers,
would offer 24/7 live streaming of Radio Netherlands Worldwide and
will showcase its RNW WAP news feed on RWorld which includes regularly
updated international news.
‘News plays an important role in our day to day lives. Be it a college
student, a young executive, a Corporate Chieftain or a small town
entrepreneur; being in the know of what’s happening across the globe
at push-of-a-button is essential for our customers irrespective of
segments’, said Prashant Gokarn, 3G Head, Reliance Communications. ‘We
are extremely delighted about our collaboration with Radio Netherlands
Worldwide to offer live news to our 125 million customers at touch of
a button on R World. We are focused to utilize every opportunity and
technological advancements to offer enhanced value and benefits to our
customers’, he added.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Jan Hoek, RNW’s Director General, comments: ‘I am very pleased with
our entry into Indian telecom space with one of the biggest telecom
operators, Reliance. We are an important partner to its valuable
subscriber base as a major value-added service. Interestingly, this is
the first telecom company with which we have a partner relationship
and we are looking forward to many more on a global basis along with
advancements in technology’.
RNW is available on RWorld (News N TV) at a nominal browsing cost of 5
paise/10kb. RNW and Reliance Communications will be celebrating their
successful partnership during the GSMA Mobile World Congress on
February 14 – 17 in Barcelona.
About Radio Netherlands Worldwide Radio Netherlands Worldwide (RNW) is
a multilingual multimedia broadcasting company based in the
Netherlands. For more than 60 years RNW has been an established player
in the field of news and entertainment broadcasting, reaching millions
of people every day all over the world. In 10 languages RNW provides
independent world news, features and music programmes through
satellite, short wave, CDs, mobile platforms, internet and podcasting.
RNW’s international audience is also reached through numerous media
partners in the world.
For more information about Radio Netherlands Worldwide please contact
our press office: Annabel Heijen: +31 35 6724 493 / mobile + 31 6
26064182 / ***@rnw.nl For further inquiries on the Reliance/
RNW partnership, please contact – RNW’s Country Manager – South Asia ,
Amitabh Srivastava: +91 11 2612 1520 / mobile +91 98110 55580 /
***@rnw.nl About Reliance Communications : Reliance
Communications Limited founded by the late Shri Dhirubhai H Ambani
(1932-2002) is the flagship company of the Reliance Anil Dhirubhai
Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a
net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows
of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore
(US$ 1.8 billion). Reliance Communications is India’s foremost and
truly integrated telecommunications service provider. The Company,
with a customer base of over 130 million including over 2.5 million
individual overseas retail customers, ranks among the top 4 Telecom
companies in the world by number of customers in a single country.
Reliance Communications corporate clientele includes 2,100 Indian and
multinational corporations, and over 800 global, regional and domestic
carriers. Reliance Communications has established a pan-India, next
generation, integrated (wireless and wireline), convergent (voice,
data and video) digital network that is capable of supporting best-of-
class services spanning the entire communications value chain,
covering over 24,000 towns and 600,000 villages. Reliance
Communications owns and operates the world’s largest next generation
IP enabled connectivity infrastructure, comprising over 277,000
kilometers of fibre optic cable systems in India, USA, Europe, Middle
East and the Asia Pacific region.
[Editorial queries for this story should be sent to
***@enpublishing.co.uk] ((Comments on this story may be sent to
***@enpublishing.co.uk)) (c) 2011 Electronic News Publishing -
[ Back To TMCnet.com's Homepage ]
Comments:
Sid Harth
*
Sid Harth 0 minutes ago
This is a very biased paid news.
I take a strong objection to your statements in the news:
“The Reliance Anil Dhirubhai Ambani Group currently has a net worth in
excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs.
13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8
billion)”
Today Reliance Communications company is valued at $4.3 billion. RCOMM
has a debt of $7 billion. India’s premier #1 telecom operator Bharti
Airtel Ltd BRTI.BO Rs326.75. Whereas RCOMM shows following sad
picture.
(Public, BOM:532712)
93.30
+0.05 (0.05%)
Mar 4 – Close
Currency in INR
1. Range 92.60 – 95.80
2. 52 week 85.20 – 204.75
3. Open 94.15
4. Vol. 4.05M
5. Mkt cap 192.57B
6. P/E 8.49
7. Div/yield 0.85/0.91
8. EPS 10.99
9. Shares 2.06B
…and I am Sid Harth
Reliance Communications Ltd launches 3G Services
Labels: Tech24Hours India
Reliance Communications Limited, a Reliance-Anil Dhirubhai Ambani
Group company & India’s second-largest mobile phone operator by
subscribers, Today launched 3G or third-generation mobile phone
operations in four major cities – Delhi, Chandigarh, Mumbai and
Kolkata– becoming the second private company after Tata Teleservices
Ltd. to offer the services in India, the world’s fastest growing
telecommunications market.
Reliance Communications had bandwidth to offer 3G services in 13 of
India’s 22 telecom service areas. The company will launch the service
in all the 13 areas by the end of the current financial year i.e.
March 2011, the company said in a statement. To cover up the areas
where it doesn’t have license to operate; the company planes to go the
tie-ups route with other 3G licensees during 2011, the statement
added.
Market leader Bharti Airtel Ltd. plans to offer 3G by the end of this
month and the local unit of Vodafone Group PLC during the January-
March quarter.
a.new,#quickbar a.new{color:#ba0000}
Reliance Communications
From Wikipedia, the free encyclopedia
Unbalanced scales.svg
A major contributor to this article appears to have a close connection
with its subject. It may require cleanup to comply with Wikipedia’s
content policies, particularly neutral point of view. Please discuss
further on the talk page. (April 2010)
Reliance Reliance Communications Corporate Logo
Type Public
(NSE: RCOM, BSE: 532712)
Industry Telecommunications
Founded 2004
Founder(s) Dhirubhai Ambani
Headquarters Navi Mumbai, Maharashtra, India
Area served India
Key people Anil Ambani
(Chairman)
Satish Seth
(MD)
Products Wireless
Telephone
Internet
Television
Data Cards
Recharge Vouchers
VC
Revenue Indian Rupee ₹22,948 crore (US$4.98 billion) (2009)
Operating income Indian Rupee ₹9,305 crore (US$2.02 billion) (2009)
Net income Indian Rupee ₹6,045 crore (US$1.31 billion) (2009)
Total assets Indian Rupee ₹102,207 crore (US$22.18 billion) (2009)
Total equity Indian Rupee ₹1,032 crore (US$223.94 million) (2009)
Owner(s) Reliance Anil Dhirubhai Ambani Group
Employees 31,884 (2009)
Parent Reliance Anil Dhirubhai Ambani Group
Subsidiaries Reliance Telecom Limited
Reliance Globalcom Limited
Reliance Tech Services
Reliance Communications Infrastructure Limited (RCIL)
Reliance Big TV Limited
Reliance Infratel Limited
Website Reliance Communications
Reliance Communications (NSE: RCOM, BSE: 532712), formerly known as
Reliance Infocomm, along with Reliance Telecom and Flag Telecom, is
part of Reliance Communications Ventures (RCoVL). Reliance
Communications Limited, founded by Dhirubhai H Ambani (1932–2002), is
the flagship company of the Reliance Anil Dhirubhai Ambani Group. The
Reliance Anil Dhirubhai Ambani Group currently has a net worth in
excess of Indian Rupee ₹64,000 crore (US$13.6 billion), cash flows of
Indian Rupee ₹13,000 crore ($2.8 billion), and a net profit of Indian
Rupee ₹8,400 crore ($1.8 billion). The Equity Shares of RCOM are
listed on Bombay Stock Exchange Limited and National Stock Exchange
Limited. The Global Depository Receipts and Foreign Currency
Convertible Bonds are listed on Luxembourg Stock Exchange and
Singapore Stock Exchange respectively.
Background
It ranks among the top 5 telecommunications companies. Retrieved
2010-04-14. in the world by number of customers in a single country.
Reliance Communications corporate clientele includes 2,100 Indian and
multinational corporations, and over 800 global, regional and domestic
carriers. The company has established a pan-India, next-generation,
integrated (wireless and wireline), convergent (voice, data and video)
digital network that is capable of supporting services spanning the
entire communications value chain, covering over 24,000 towns and
600,000 villages. Reliance Communications owns and operates the next-
generation IP-enabled connectivity infrastructure,[1] comprising over
190,000 kilometers of fiber optic cable systems in India, USA, Europe,
Middle East and the Asia Pacific region.
Main subsidiaries
Reliance Telecommunication Limited (RTL)
In July 2007, the company announced it was buying US-based managed
ethernet and application delivery services company Yipes Enterprise
Services for a cash amount of Indian Rupee ₹1200 crore (the equivalent
of US$300 million). The deal was announced of the overseas
acquisition, the Reliance group has amalgamated the United States-
based Flag Telecom for $210 million (roughly Indian Rupee ₹950 crore).
RTL operates in Madhya Pradesh, West Bengal, Himachal Pradesh, Orissa,
Bihar, Assam, Kolkata and Northeast, offering GSM services.[2]
Reliance Globalcom
RGL owns the worlds largest private undersea cable system,[3] spanning
65,000 km seamlessly integrated with Reliance Communications. Over
110,000 km of domestic optic fiber provides a robust Global Service
Delivery Platform, connecting 40 key business markets in India, the
Middle East, Asia, Europe, and the U.S.
Reliance Internet Data Center (RIDC)
RIDC provides Internet Data Center (IDC) services located in Mumbai,
Bangalore, Hyderabad and Chennai. Spread across 650,000 sq ft (60,000
m2) of hosting space, it offers IT infrastructure management services
to large, medium and small enterprises. It is one of the leading data
center service provider in India and provides services like
colocation, managed server hosting, virtual private server and data
security. It has launched cloud computing services,[4] offering
product under its infrastructure as a server (Iaas) and software as a
service (Saas) portfolio, which enables enterprises, mainly small and
medium, a cost-effective IT infrastructure and application on pay-per-
user model.
Reliance Big TV Limited
Reliance Big Tv launched in August 2008[5] and thereafter acquired 1
million subscribers within 90 days of launch,[6] the fastest ramp-up
ever achieved by any DTH operator in the world. Reliance Big TV offers
its 1.7 million customers DVD-quality pictures on over 200 channels
using MPEG-4 technology.
Reliance Infratel Limited (RITL)
RITL’s business is to build, own and operate telecommunication towers,
optic fiber cable assets and related assets at designated sites, and
to provide these passive telecommunication infrastructure assets on a
shared basis to wireless service providers and other communications
service providers under long-term contracts.
Acquisition
* FLAG Telecom
* Yipes ethernet service
* Digicable
Offices
Reliance Communications Limited has its offices in Ahmedabad,
Bangalore, Bhopal, Chandigarh, Chennai, Hyderabad, Jaipur, Kochi,
Kolkata, Lucknow, Patna and Pune.
Subscriber base
This section does not cite any references or sources.
Please help improve this article by adding citations to reliable
sources. Unsourced material may be challenged and removed. (February
2011)
The Reliance Communication subscriber base according to COAI –
Cellular Operators Association of India is over 105 million. This
figure of 105 million is highly doubted by the industry experts:
GSM
Circle name Post paid Prepaid
Andhra Pradesh 6182 1890923
Delhi 19172 2054393
Gujarat 19414 2480642
Kerala 8049 901829
Karnataka 18572 2168131
Maharashtra & Goa 25288 3301389
Mumbai 24884 2083175
Punjab,Haryana & Himachal Pradesh 18630 2717375
Rajasthan 6631 2628940
Dhanbad 87695 10984683
Tamil Nadu & Andaman 25704 1909641
Not Defined 136636 345658
Uttar Pradesh 9093 6430945
West Bengal 8765 22154
RCOM GSM – Total sub base 29262215
Broadband
Circle name Data Voice
Andhra Pradesh 6182 1890923
Delhi 19172 2054393
Gujarat 19414 2480642
Kerala 8049 901829
Karnataka 18572 2168131
Maharashtra & Goa 25288 3301389
Mumbai 24884 2083175
Punjab,Haryana & Himachal Pradesh 18630 2717375
Rajasthan 6631 2628940
Tamil Nadu & Andaman 25704 1909641
Not Defined 136636 345658
Uttar Pradesh 9093 6430945
West Bengal 8765 22154
RCOM GSM – Total sub base 29262215
RTL
Circle name Post paid Prepaid
Assam 114942 1749992
Bihar & Jharkhand 7482 4152577
Calcutta 5524 2076028
Himachal Pradesh 2344 999493
Madhya Pradesh & Chhattisgarh 55911 4913590
North-East 21454 520513
Orissa 12684 2217043
West Bengal 2481 3212510
RCOM RTL – Total sub base 20064568
CDMA
Circle name Post paid Prepaid Prepaid PCO
Andhra Pradesh 250597 4454341 476990
Delhi 505724 3211875 114702
Gujarat 288480 2992165 115298
Kerala 200796 2054601 125214
Karnataka 236288 3024954 253848
Maharashtra & Goa 295534 3457329 275002
Madhya Pradesh & Orissa 187860 4495163 139575
Mumbai 555120 3223211 166858
Punjab,Haryana & Himachal Pradesh 198497 2569998 92611
Rajasthan 151260 2284651 96704
Tamil Nadu & Andaman 304861 3854839 374900
Uttar Pradesh 270627 7976083 265494
West Bengal,Bihar & Jharkhand 240946 6606050 203919
RCOM CDMA – Total sub base 56592965
DTH
Circle name Total
Andhra Pradesh 209118
Bihar 41245
Chattisgarh 28965
Delhi 73148
Gujarat 109013
Haryana 65358
Himachal Pradesh 25822
Jammu & Kashmir 28643
Jharkhand 21060
Karnataka 309007
Kerala 171179
Maharashtra & Goa 258365
Madhya Pradesh 78525
Mumbai 96609
North East 28518
Orissa 79011
Rajasthan 177667
Tamil Nadu 208692
Uttar Pradesh (W) 124430
Uttar Pradesh (E) 115058
West Bengal 44280
DTH – Total sub base 2334996
References
1. ^ “The world’s largest next generation IP enabled connectivity
infrastructure”. Retrieved 2010-04-14.
2. ^ “TRTL operates in Madhya Pradesh, West Bengal, Himachal
Pradesh, Orissa, Bihar, Assam, Kolkata,chennai and Northeast offering
GSM and cdma services”. Retrieved 2010-04-14.
3. ^ “Reliance Communications’ FLAG Telecom Announces FLAG NGN”.
Retrieved 2010-04-14.
4. ^ “Microsoft, Press Releases, Business Wire India, Reliance
Communications, IT solutions, Rajan Anandan”. Businesswireindia.com.
2009-10-28. http://www.businesswireindia.com/PressRelease.asp?b2mid=20443.
Retrieved 2010-12-21.
5. ^ “Big TV launched in August 2008″. Retrieved 2010-04-14.
6. ^ “BIG TV crosses 1 Million Subscriber Mark Within The 90 Days
of Launch”. Retrieved 2010-04-14.
Factory 1b.svg Companies portal
v · d · e
Reliance Anil Dhirubhai Ambani Group
Companies
Reliance Communications · Reliance Capital · Reliance Power · Reliance
Infrastructure · BIG Entertainment · BIGFlix · BIG FM 92.7 · BIG TV ·
BIG Cinemas · BIGADDA · BIG Star Entertainment Awards · Reliance
Health · Reliance Life Insurance · Reliance MediaWorks · Reliance
Natural Resources · Reliance Anil Dhirubhai Ambani Group · Zapak ·
Reliance General Insurance · Reliance World · Mumbai Metro One ·
Reliance Venture · Delhi Airport Metro Express · Fiber-Optic Link
Around the Globe · Java Green
Notable non-Indian Companies
Reliance Globalcom · Lowry Digital · DreamWorks (50%) · Vanco ·
Codemasters
Technological Institute
DA-IICT
Notable People
Dhirubhai Ambani · Anil Ambani · Tina Munim · Lalit Jalan
v · d · e
Telecommunication companies in India
Telecom
GSM
Aircel · Airtel · BSNL · Cheers Mobile Service · Idea Cellular ·
Loop Mobile (Formerly BPL) · MTNL · Reliance · Spice Telecom ·
Tata DoCoMo · Vodafone · Uninor · Videocon Mobile Service · S Tel ·
Virgin Mobile India (MVNO)
CDMA
BSNL · MTNL · MTS India · Reliance · Tata Indicom · Virgin Mobile
India (MVNO)
Wireline
BSNL · Airtel · MTNL · Reliance · Tata Indicom · Shyam Telelink
MNP clearinghouse
MNP Interconnection Telecom Solutions · Syniverse Technologies
Internet
Railtel · GAILTEL · You Telecom · Sify · BSNL · Bharti Airtel ·
Reliance · MTNL · HFCL · Tata Teleservices · Spice Communications ·
Alliance Broadband Services · Tikona Broadband · Wishnet · Spectranet
·
Television
DTH
Airtel digital TV · BIG TV · DD Direct+ · Dish TV · Sun Direct DTH ·
Tata Sky · Videocon D2H
IPTV
BSNL · Bharti Airtel · Reliance · MTNL
CAS, Cable, HITS
Hathway · DEN Networks · Digicable · CTV.in · Wire & Wireless India
Terrestrial TV
Doordarshan
Radio
MW
AIR
SW
AIR
FM
Radio_IIMT 90.4 · Radio City 91.1 · Radio Indigo 91.9 · BIG FM 92.7 ·
Red FM 93.5 · Radio One 94.3 · Hit FM 95 · Radio Mirchi 98.3 · AIR FM
Rainbow 102.6 · Fever 104 FM 104.0 · Meow FM 104.8 · Radio Hello 106.4
· Gyan Bharti 105.6 • Club FM 94.3 · Club FM 104.8 · Radio Mango 91.9
· BEST FM 95 · Red FM 93.5 · Red FM 91.1 · Big FM 92.7 · Radio Mirchi
98.3 · Radio DC ·
v · d · e
India BSE SENSEX companies of India
Bajaj Auto · Airtel · BHEL · Cipla · DLF · · HDFC · HDFC Bank · Hero
Honda · Hindalco · HUL · ICICI Bank · Infosys · ITC · Jaiprakash
Associates · Jindal Steel & Power Ltd · L&T · Mahindra & Mahindra ·
Maruti · NTPC · ONGC · Reliance Communications · Reliance
Infrastructure · RIL · SBI · Sterlite Industries · TCS · Tata Motors ·
Tata Steel · Tata Power · Wipro
Retrieved from “http://en.wikipedia.org/wiki/Reliance_Communications“
Categories: Companies listed on the National Stock Exchange of India |
Companies listed on the Bombay Stock Exchange | Companies based in
Mumbai | BSE Sensex | Telecommunications companies of India | Internet
service providers of India | Mobile phone companies of India | Private
equity portfolio companies | Companies established in 2004
* This page was last modified on 28 February 2011 at 09:16.
* Text is available under the Creative Commons Attribution-
ShareAlike License;
Wikipedia® is a registered trademark of the Wikimedia
Foundation, Inc., a non-profit organization.
…and I am Sid Harth
This entry was posted on 04/03/2011, 9:15 am and is filed under News,
Views and Reviews. You can follow any responses to this entry through
RSS 2.0. You can leave a response, or trackback from your own site.
Anil Ambani, A cat on a hot tin roof: Sid Harth
http://cogitoergosum.co.cc/2011/03/04/anil-ambani-a-cat-on-a-hot-tin-roof-sid-harth/
DEALTALK-As debt piles up, Ambani’s Reliance Comm faces key test
Reliance Communications Ltd.
(Public, BOM:532712)
BSE Sensex 18,486.45 -0.02%
532712 93.30 0.05%
(Public, BOM:532712)
93.30
+0.05 (0.05%)
Mar 4 – Close
Currency in INR
1. Range 92.60 – 95.80
2. 52 week 85.20 – 204.75
3. Open 94.15
4. Vol. 4.05M
5. Mkt cap 192.57B
6. P/E 8.49
7. Div/yield 0.85/0.91
8. EPS 10.99
9. Shares 2.06B
10. Beta
Stocks
Bharti Airtel Ltd
BRTI.BO
Rs326.75
-3.95-1.19%
5:28am EST
Idea Cellular Ltd
IDEA.BO
Rs60.20
+1.65+2.82%
5:19am EST
Reliance Communications Ltd
RLCM.BO
Rs93.30
+0.05+0.05%
5:28am EST
Fri Mar 4, 2011 4:24am EST
* Net debt $7 billion against market cap of $4 bln
* Credit default swaps up 90 basis points since Dec
* Shares are among worst performers this yr in large-caps
* Stock down nearly 90 percent since 2008 peak
* Deals to pare debt fail to materialise
By Sumeet Chatterjee
MUMBAI, March 4 (Reuters) – The clock is ticking and costs are seen
rising for Reliance Communications Ltd as it struggles to reduce a $7
billion mountain of debt ahead of a major bond redemption next year.
Shares in India’s No. 2 mobile carrier, controlled by Anil Ambani, who
ranked 36th on last year’s Forbes global rich list, dropped to a
record low this week leaving the company valued at $4.3 billion.
Six straight quarters of falling profits as a tough telecoms market
squeezes margins and failed attempts to raise cash are eroding
investor confidence in the company, which faces tests with $1.2
billion in convertible debt falling due.
“The competitive landscape for telecoms firms in India is very tough
and that’s a problem for Reliance as well,” said Lars Hemmingsen, a
Copenhagen-based portfolio manager at Nordea Intia, which manages $260
million worth of Indian shares.
“What makes the matter worse for them is huge debt on the balance
sheet and weak cash flow. You also have these negative news headlines
hitting investor confidence in the firm,” said Hemmingsen, who does
not hold Reliance Communications shares.
In February, Ambani became the highest-profile executive to be
questioned by federal police investigating a telecoms fraud that state
auditors say cost the government $39 billion in lost revenues.
No executives from Reliance Communications have been charged and the
company has denied any wrongdoing.
Last year, Reliance Communications attempted to sell a 26 percent
stake in itself to pare debt. But it found no takers.
A plan to float its tower unit in an initial public offering also
failed to take off and a deal to merge its tower arm with a rival
collapsed.
Reliance Communications is battling a fast-growing but ferociously
competitive Indian cellular market in which call charges have fallen
and operational costs have risen, triggering declines in margins,
while regulatory worries have also increased.
The shares have fallen about 35 percent this year, making them the
eighth worst performer globally among large capitalised firms.
On Feb 9 alone, shares in six companies of Reliance ADA, Ambani’s
conglomerate, dropped suddenly to wipe $2.5 billion off its market
value. The billionaire blamed “baseless and motivated rumours” for the
drop.
DEBT TEST
The cost of insuring against debt default in Reliance Communications
through credit default swaps (CDS) has risen 90 basis points this year
to 525 basis points.
That’s an insurance premium of $525,000 for every $10 million of debt
and has risen as markets focused on about $1.2 billion of convertible
bonds in Reliance Communications that will mature by March 2012.
“If you look globally, the appetite for new issues is pretty low and
this company has so many problems. I think the terms of refinancing
would be stiff because the company’s cash flow continues to be very
weak,” said Thorsten Vetter , a portfolio manager at Flossbach & Von
Storch in Cologne, Germany, who last year sold Reliance Communications
bonds maturing in 2012.
Two convertible bonds are due over the next 12 months but investors
are unlikely to convert their holdings into equity following the fall
in the share price to 93 rupees.
A $297 million bond due in May has a conversion price of 475 rupees. A
$925 million bond maturing in March 2012 has a conversion price of 654
rupees.
Since the bonds are out of the money at current prices, the firm is
likely to have to shell out about $374 million for the 2011 bond and
$1.2 billion for the 2012 debt.
The 2011 convertible bonds are bid at 122-123 in secondary markets
versus the redemption price of 125.84, while investors are more
cautious about the 2012s, which are bid at 114.25-114.75 versus their
127.69 redemption price.
A Reliance Communications spokesman declined to comment on the
company’s plan to reduce its debt burden.
During an analysts call in February, Satish Seth, group managing
director of Reliance ADA Group, said the company was evaluating
several options.
WEAKENING CASH FLOWS, HIGH DEBT
Reliance Communication’s net debt to EBITDA (earnings before interest,
tax, depreciation and amortisation) is seen at 4.8 times in the year
ending March 31, Thomson Reuters data show.
This compares to just under 3 times at bigger rival Bharti Airtel and
2.8 times at Idea Cellular .
“It doesn’t make sense to lend to this company any more. It needs a
serious equity injection,” said a senior Singapore-based loans banker
who covers Indian deals, who was not authorised to speak to the media
on the record.
An equity issue, however, would be painfully dilutive, given that
Reliance Communications shares have tumbled nearly 90 percent from
their 2008 peak .
JPMorgan recently slashed the company’s share price target for
December by 49 percent to 82 rupees, citing concern about high
leverage and the cost of a possible refinancing of $1.2 billion of
bonds maturing by March 2012.
“First they will have to set their house in order before they start
looking for strategic investors,” Hemmingsen of Nordea Intia said.
“There is always a buyer for a right price and transactions do happen
despite a lot of headwinds.”
Despite the troubles, some banks are not shying away from lending to
the company, Reliance Communications signed a deal with China
Development Bank in December for a $1.93 billion 10-year, syndicated
loan. (Additional reporting by Shankar Ramakrishnan in SINGAPORE,
Umesh Desai and Maggie Chen in HONG KONG, Devidutta Tripathy and Neha
D’silva in MUMBAI; Editing by Tony Munroe and Anshuman Daga)
BREAKINGVIEWS-India corruption travails could presage catharsis
21 Feb 2011 09:30
Source: reuters // Reuters
– The author is a Reuters Breakingviews columnist. The opinions
expressed are his own –
By Hugo Dixon
LONDON, Feb 21 (Reuters Breakingviews) – It’s easy to see why
investors in India are running scared. Two top tycoons have been
hauled in by investigators in connection with a mounting telecoms
scandal, inflation is rampant and the government seems paralysed.
The Sensex index of leading stocks has dropped 11 percent this year.
And the shares of Reliance Communications , chaired by Anil Ambani,
one of the two tycoons questioned by police, have been hammered: they
are down 36 percent. The other is Prashant Ruia, chief executive of
Essar Group. Neither has been charged.
But endemic corruption, which is estimated to drag economic growth
down by 1 to 2 percentage points a year, is an old story. What’s new
is that there has been an outcry about it. The urban middle classes
seem fed up and the media is hounding the story. The Supreme Court,
meanwhile, has criticised Prime Minister Manmohan Singh for his slow
response and put steel in the spine of the police, telling them to
question even billionaires.
Singh now looks likely to agree to a cross-party parliamentary probe
into the scandal which is estimated to have cost the government up to
$39 billion in lost revenues. Weeks of public hearings would keep up
the pressure for reform. Campaigners are also calling for the
government’s proposed anti-corruption law, which many consider to be
toothless, to be replaced by something stronger.
Of course, corruption isn’t going to be uprooted overnight. There are
too many factors entrenching it — not least, the need to divide up
ministerial posts between different political parties to stitch
together elaborate coalitions in this hugely diverse country.
And India has other problems that won’t just vanish. Singh’s
government lacks oomph but there’s no quick way to improve on it.
Meanwhile, inflation is being driven by a mixture of global commodity
prices (which Delhi can’t influence) and structural rigidities (which
would take years to solve even with dynamic leadership).
Nevertheless, the vigour with which anti-corruption probes are now
being pursued offers the best chance, albeit no guarantee, of a
catharsis which could ultimately boost India’s long-term growth
potential.
CONTEXT NEWS
– Two top Indian businessmen, Anil Ambani and Prashant Ruia, were
questioned by police investigators last week in connection with a
mounting telecoms corruption scandal. Neither has been charged.
Ambani, chairman of Reliance Communications, and Ruia, chief executive
of Essar Group, didn’t return calls.
– Meanwhile, Manmohan Singh, the Indian prime minister, is reported to
be close to agreeing to a cross-party parliamentary investigation into
the scandal. The country’s auditor estimates that India may have lost
up to $39 billion when the telecoms ministry gave out licences at
below-market prices in 2007/2008. The opposition boycotted the last
parliamentary session because Singh was refusing to agree to such a
probe.
– India’s government will battle both inflation and corruption,
president Patibha Patil told the country’s parliament on Feb. 21.
– “My government stands committed to improving the quality of
government and enhancing transparency, probity and integrity in public
life,” Patil said. “A Group of Ministers is considering all measures,
including legislative and administrative, to tackle corruption and
improve transparency.”
– Reliance Communications’ shares have fallen 36 percent this year.
India’s Sensex index of leading shares has dropped 11 percent.
– Reuters story: India govt tries to gain initiative, vows to fight
graft
(Editing by Rob Cox and David Evans)
RCOM Signs Pact With Radio Netherlands Worldwide
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire – 25 February
2011 Release date- 17022011 – Mumbai / Hilversum – Reliance
Communications, India’s leading telecom service provider, today
announced signing an agreement with Radio Netherlands Worldwide, an
established player in news & entertainment broadcasting for over 60
years.
Under the agreement, R World – the next generation mobile portal
accessible to over 125 million Reliance 3G, GSM and CDMA customers,
would offer 24/7 live streaming of Radio Netherlands Worldwide and
will showcase its RNW WAP news feed on RWorld which includes regularly
updated international news.
‘News plays an important role in our day to day lives. Be it a college
student, a young executive, a Corporate Chieftain or a small town
entrepreneur; being in the know of what’s happening across the globe
at push-of-a-button is essential for our customers irrespective of
segments’, said Prashant Gokarn, 3G Head, Reliance Communications. ‘We
are extremely delighted about our collaboration with Radio Netherlands
Worldwide to offer live news to our 125 million customers at touch of
a button on R World. We are focused to utilize every opportunity and
technological advancements to offer enhanced value and benefits to our
customers’, he added.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Find Solutions for Enterprises, SMBs & Service Providers at the ITEXPO
East, February 2-4, 2011 Miami Beach Convention Center, FL.
Jan Hoek, RNW’s Director General, comments: ‘I am very pleased with
our entry into Indian telecom space with one of the biggest telecom
operators, Reliance. We are an important partner to its valuable
subscriber base as a major value-added service. Interestingly, this is
the first telecom company with which we have a partner relationship
and we are looking forward to many more on a global basis along with
advancements in technology’.
RNW is available on RWorld (News N TV) at a nominal browsing cost of 5
paise/10kb. RNW and Reliance Communications will be celebrating their
successful partnership during the GSMA Mobile World Congress on
February 14 – 17 in Barcelona.
About Radio Netherlands Worldwide Radio Netherlands Worldwide (RNW) is
a multilingual multimedia broadcasting company based in the
Netherlands. For more than 60 years RNW has been an established player
in the field of news and entertainment broadcasting, reaching millions
of people every day all over the world. In 10 languages RNW provides
independent world news, features and music programmes through
satellite, short wave, CDs, mobile platforms, internet and podcasting.
RNW’s international audience is also reached through numerous media
partners in the world.
For more information about Radio Netherlands Worldwide please contact
our press office: Annabel Heijen: +31 35 6724 493 / mobile + 31 6
26064182 / ***@rnw.nl For further inquiries on the Reliance/
RNW partnership, please contact – RNW’s Country Manager – South Asia ,
Amitabh Srivastava: +91 11 2612 1520 / mobile +91 98110 55580 /
***@rnw.nl About Reliance Communications : Reliance
Communications Limited founded by the late Shri Dhirubhai H Ambani
(1932-2002) is the flagship company of the Reliance Anil Dhirubhai
Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a
net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows
of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore
(US$ 1.8 billion). Reliance Communications is India’s foremost and
truly integrated telecommunications service provider. The Company,
with a customer base of over 130 million including over 2.5 million
individual overseas retail customers, ranks among the top 4 Telecom
companies in the world by number of customers in a single country.
Reliance Communications corporate clientele includes 2,100 Indian and
multinational corporations, and over 800 global, regional and domestic
carriers. Reliance Communications has established a pan-India, next
generation, integrated (wireless and wireline), convergent (voice,
data and video) digital network that is capable of supporting best-of-
class services spanning the entire communications value chain,
covering over 24,000 towns and 600,000 villages. Reliance
Communications owns and operates the world’s largest next generation
IP enabled connectivity infrastructure, comprising over 277,000
kilometers of fibre optic cable systems in India, USA, Europe, Middle
East and the Asia Pacific region.
[Editorial queries for this story should be sent to
***@enpublishing.co.uk] ((Comments on this story may be sent to
***@enpublishing.co.uk)) (c) 2011 Electronic News Publishing -
[ Back To TMCnet.com's Homepage ]
Comments:
Sid Harth
*
Sid Harth 0 minutes ago
This is a very biased paid news.
I take a strong objection to your statements in the news:
“The Reliance Anil Dhirubhai Ambani Group currently has a net worth in
excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs.
13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8
billion)”
Today Reliance Communications company is valued at $4.3 billion. RCOMM
has a debt of $7 billion. India’s premier #1 telecom operator Bharti
Airtel Ltd BRTI.BO Rs326.75. Whereas RCOMM shows following sad
picture.
(Public, BOM:532712)
93.30
+0.05 (0.05%)
Mar 4 – Close
Currency in INR
1. Range 92.60 – 95.80
2. 52 week 85.20 – 204.75
3. Open 94.15
4. Vol. 4.05M
5. Mkt cap 192.57B
6. P/E 8.49
7. Div/yield 0.85/0.91
8. EPS 10.99
9. Shares 2.06B
…and I am Sid Harth
Reliance Communications Ltd launches 3G Services
Labels: Tech24Hours India
Reliance Communications Limited, a Reliance-Anil Dhirubhai Ambani
Group company & India’s second-largest mobile phone operator by
subscribers, Today launched 3G or third-generation mobile phone
operations in four major cities – Delhi, Chandigarh, Mumbai and
Kolkata– becoming the second private company after Tata Teleservices
Ltd. to offer the services in India, the world’s fastest growing
telecommunications market.
Reliance Communications had bandwidth to offer 3G services in 13 of
India’s 22 telecom service areas. The company will launch the service
in all the 13 areas by the end of the current financial year i.e.
March 2011, the company said in a statement. To cover up the areas
where it doesn’t have license to operate; the company planes to go the
tie-ups route with other 3G licensees during 2011, the statement
added.
Market leader Bharti Airtel Ltd. plans to offer 3G by the end of this
month and the local unit of Vodafone Group PLC during the January-
March quarter.
a.new,#quickbar a.new{color:#ba0000}
Reliance Communications
From Wikipedia, the free encyclopedia
Unbalanced scales.svg
A major contributor to this article appears to have a close connection
with its subject. It may require cleanup to comply with Wikipedia’s
content policies, particularly neutral point of view. Please discuss
further on the talk page. (April 2010)
Reliance Reliance Communications Corporate Logo
Type Public
(NSE: RCOM, BSE: 532712)
Industry Telecommunications
Founded 2004
Founder(s) Dhirubhai Ambani
Headquarters Navi Mumbai, Maharashtra, India
Area served India
Key people Anil Ambani
(Chairman)
Satish Seth
(MD)
Products Wireless
Telephone
Internet
Television
Data Cards
Recharge Vouchers
VC
Revenue Indian Rupee ₹22,948 crore (US$4.98 billion) (2009)
Operating income Indian Rupee ₹9,305 crore (US$2.02 billion) (2009)
Net income Indian Rupee ₹6,045 crore (US$1.31 billion) (2009)
Total assets Indian Rupee ₹102,207 crore (US$22.18 billion) (2009)
Total equity Indian Rupee ₹1,032 crore (US$223.94 million) (2009)
Owner(s) Reliance Anil Dhirubhai Ambani Group
Employees 31,884 (2009)
Parent Reliance Anil Dhirubhai Ambani Group
Subsidiaries Reliance Telecom Limited
Reliance Globalcom Limited
Reliance Tech Services
Reliance Communications Infrastructure Limited (RCIL)
Reliance Big TV Limited
Reliance Infratel Limited
Website Reliance Communications
Reliance Communications (NSE: RCOM, BSE: 532712), formerly known as
Reliance Infocomm, along with Reliance Telecom and Flag Telecom, is
part of Reliance Communications Ventures (RCoVL). Reliance
Communications Limited, founded by Dhirubhai H Ambani (1932–2002), is
the flagship company of the Reliance Anil Dhirubhai Ambani Group. The
Reliance Anil Dhirubhai Ambani Group currently has a net worth in
excess of Indian Rupee ₹64,000 crore (US$13.6 billion), cash flows of
Indian Rupee ₹13,000 crore ($2.8 billion), and a net profit of Indian
Rupee ₹8,400 crore ($1.8 billion). The Equity Shares of RCOM are
listed on Bombay Stock Exchange Limited and National Stock Exchange
Limited. The Global Depository Receipts and Foreign Currency
Convertible Bonds are listed on Luxembourg Stock Exchange and
Singapore Stock Exchange respectively.
Background
It ranks among the top 5 telecommunications companies. Retrieved
2010-04-14. in the world by number of customers in a single country.
Reliance Communications corporate clientele includes 2,100 Indian and
multinational corporations, and over 800 global, regional and domestic
carriers. The company has established a pan-India, next-generation,
integrated (wireless and wireline), convergent (voice, data and video)
digital network that is capable of supporting services spanning the
entire communications value chain, covering over 24,000 towns and
600,000 villages. Reliance Communications owns and operates the next-
generation IP-enabled connectivity infrastructure,[1] comprising over
190,000 kilometers of fiber optic cable systems in India, USA, Europe,
Middle East and the Asia Pacific region.
Main subsidiaries
Reliance Telecommunication Limited (RTL)
In July 2007, the company announced it was buying US-based managed
ethernet and application delivery services company Yipes Enterprise
Services for a cash amount of Indian Rupee ₹1200 crore (the equivalent
of US$300 million). The deal was announced of the overseas
acquisition, the Reliance group has amalgamated the United States-
based Flag Telecom for $210 million (roughly Indian Rupee ₹950 crore).
RTL operates in Madhya Pradesh, West Bengal, Himachal Pradesh, Orissa,
Bihar, Assam, Kolkata and Northeast, offering GSM services.[2]
Reliance Globalcom
RGL owns the worlds largest private undersea cable system,[3] spanning
65,000 km seamlessly integrated with Reliance Communications. Over
110,000 km of domestic optic fiber provides a robust Global Service
Delivery Platform, connecting 40 key business markets in India, the
Middle East, Asia, Europe, and the U.S.
Reliance Internet Data Center (RIDC)
RIDC provides Internet Data Center (IDC) services located in Mumbai,
Bangalore, Hyderabad and Chennai. Spread across 650,000 sq ft (60,000
m2) of hosting space, it offers IT infrastructure management services
to large, medium and small enterprises. It is one of the leading data
center service provider in India and provides services like
colocation, managed server hosting, virtual private server and data
security. It has launched cloud computing services,[4] offering
product under its infrastructure as a server (Iaas) and software as a
service (Saas) portfolio, which enables enterprises, mainly small and
medium, a cost-effective IT infrastructure and application on pay-per-
user model.
Reliance Big TV Limited
Reliance Big Tv launched in August 2008[5] and thereafter acquired 1
million subscribers within 90 days of launch,[6] the fastest ramp-up
ever achieved by any DTH operator in the world. Reliance Big TV offers
its 1.7 million customers DVD-quality pictures on over 200 channels
using MPEG-4 technology.
Reliance Infratel Limited (RITL)
RITL’s business is to build, own and operate telecommunication towers,
optic fiber cable assets and related assets at designated sites, and
to provide these passive telecommunication infrastructure assets on a
shared basis to wireless service providers and other communications
service providers under long-term contracts.
Acquisition
* FLAG Telecom
* Yipes ethernet service
* Digicable
Offices
Reliance Communications Limited has its offices in Ahmedabad,
Bangalore, Bhopal, Chandigarh, Chennai, Hyderabad, Jaipur, Kochi,
Kolkata, Lucknow, Patna and Pune.
Subscriber base
This section does not cite any references or sources.
Please help improve this article by adding citations to reliable
sources. Unsourced material may be challenged and removed. (February
2011)
The Reliance Communication subscriber base according to COAI –
Cellular Operators Association of India is over 105 million. This
figure of 105 million is highly doubted by the industry experts:
GSM
Circle name Post paid Prepaid
Andhra Pradesh 6182 1890923
Delhi 19172 2054393
Gujarat 19414 2480642
Kerala 8049 901829
Karnataka 18572 2168131
Maharashtra & Goa 25288 3301389
Mumbai 24884 2083175
Punjab,Haryana & Himachal Pradesh 18630 2717375
Rajasthan 6631 2628940
Dhanbad 87695 10984683
Tamil Nadu & Andaman 25704 1909641
Not Defined 136636 345658
Uttar Pradesh 9093 6430945
West Bengal 8765 22154
RCOM GSM – Total sub base 29262215
Broadband
Circle name Data Voice
Andhra Pradesh 6182 1890923
Delhi 19172 2054393
Gujarat 19414 2480642
Kerala 8049 901829
Karnataka 18572 2168131
Maharashtra & Goa 25288 3301389
Mumbai 24884 2083175
Punjab,Haryana & Himachal Pradesh 18630 2717375
Rajasthan 6631 2628940
Tamil Nadu & Andaman 25704 1909641
Not Defined 136636 345658
Uttar Pradesh 9093 6430945
West Bengal 8765 22154
RCOM GSM – Total sub base 29262215
RTL
Circle name Post paid Prepaid
Assam 114942 1749992
Bihar & Jharkhand 7482 4152577
Calcutta 5524 2076028
Himachal Pradesh 2344 999493
Madhya Pradesh & Chhattisgarh 55911 4913590
North-East 21454 520513
Orissa 12684 2217043
West Bengal 2481 3212510
RCOM RTL – Total sub base 20064568
CDMA
Circle name Post paid Prepaid Prepaid PCO
Andhra Pradesh 250597 4454341 476990
Delhi 505724 3211875 114702
Gujarat 288480 2992165 115298
Kerala 200796 2054601 125214
Karnataka 236288 3024954 253848
Maharashtra & Goa 295534 3457329 275002
Madhya Pradesh & Orissa 187860 4495163 139575
Mumbai 555120 3223211 166858
Punjab,Haryana & Himachal Pradesh 198497 2569998 92611
Rajasthan 151260 2284651 96704
Tamil Nadu & Andaman 304861 3854839 374900
Uttar Pradesh 270627 7976083 265494
West Bengal,Bihar & Jharkhand 240946 6606050 203919
RCOM CDMA – Total sub base 56592965
DTH
Circle name Total
Andhra Pradesh 209118
Bihar 41245
Chattisgarh 28965
Delhi 73148
Gujarat 109013
Haryana 65358
Himachal Pradesh 25822
Jammu & Kashmir 28643
Jharkhand 21060
Karnataka 309007
Kerala 171179
Maharashtra & Goa 258365
Madhya Pradesh 78525
Mumbai 96609
North East 28518
Orissa 79011
Rajasthan 177667
Tamil Nadu 208692
Uttar Pradesh (W) 124430
Uttar Pradesh (E) 115058
West Bengal 44280
DTH – Total sub base 2334996
References
1. ^ “The world’s largest next generation IP enabled connectivity
infrastructure”. Retrieved 2010-04-14.
2. ^ “TRTL operates in Madhya Pradesh, West Bengal, Himachal
Pradesh, Orissa, Bihar, Assam, Kolkata,chennai and Northeast offering
GSM and cdma services”. Retrieved 2010-04-14.
3. ^ “Reliance Communications’ FLAG Telecom Announces FLAG NGN”.
Retrieved 2010-04-14.
4. ^ “Microsoft, Press Releases, Business Wire India, Reliance
Communications, IT solutions, Rajan Anandan”. Businesswireindia.com.
2009-10-28. http://www.businesswireindia.com/PressRelease.asp?b2mid=20443.
Retrieved 2010-12-21.
5. ^ “Big TV launched in August 2008″. Retrieved 2010-04-14.
6. ^ “BIG TV crosses 1 Million Subscriber Mark Within The 90 Days
of Launch”. Retrieved 2010-04-14.
Factory 1b.svg Companies portal
v · d · e
Reliance Anil Dhirubhai Ambani Group
Companies
Reliance Communications · Reliance Capital · Reliance Power · Reliance
Infrastructure · BIG Entertainment · BIGFlix · BIG FM 92.7 · BIG TV ·
BIG Cinemas · BIGADDA · BIG Star Entertainment Awards · Reliance
Health · Reliance Life Insurance · Reliance MediaWorks · Reliance
Natural Resources · Reliance Anil Dhirubhai Ambani Group · Zapak ·
Reliance General Insurance · Reliance World · Mumbai Metro One ·
Reliance Venture · Delhi Airport Metro Express · Fiber-Optic Link
Around the Globe · Java Green
Notable non-Indian Companies
Reliance Globalcom · Lowry Digital · DreamWorks (50%) · Vanco ·
Codemasters
Technological Institute
DA-IICT
Notable People
Dhirubhai Ambani · Anil Ambani · Tina Munim · Lalit Jalan
v · d · e
Telecommunication companies in India
Telecom
GSM
Aircel · Airtel · BSNL · Cheers Mobile Service · Idea Cellular ·
Loop Mobile (Formerly BPL) · MTNL · Reliance · Spice Telecom ·
Tata DoCoMo · Vodafone · Uninor · Videocon Mobile Service · S Tel ·
Virgin Mobile India (MVNO)
CDMA
BSNL · MTNL · MTS India · Reliance · Tata Indicom · Virgin Mobile
India (MVNO)
Wireline
BSNL · Airtel · MTNL · Reliance · Tata Indicom · Shyam Telelink
MNP clearinghouse
MNP Interconnection Telecom Solutions · Syniverse Technologies
Internet
Railtel · GAILTEL · You Telecom · Sify · BSNL · Bharti Airtel ·
Reliance · MTNL · HFCL · Tata Teleservices · Spice Communications ·
Alliance Broadband Services · Tikona Broadband · Wishnet · Spectranet
·
Television
DTH
Airtel digital TV · BIG TV · DD Direct+ · Dish TV · Sun Direct DTH ·
Tata Sky · Videocon D2H
IPTV
BSNL · Bharti Airtel · Reliance · MTNL
CAS, Cable, HITS
Hathway · DEN Networks · Digicable · CTV.in · Wire & Wireless India
Terrestrial TV
Doordarshan
Radio
MW
AIR
SW
AIR
FM
Radio_IIMT 90.4 · Radio City 91.1 · Radio Indigo 91.9 · BIG FM 92.7 ·
Red FM 93.5 · Radio One 94.3 · Hit FM 95 · Radio Mirchi 98.3 · AIR FM
Rainbow 102.6 · Fever 104 FM 104.0 · Meow FM 104.8 · Radio Hello 106.4
· Gyan Bharti 105.6 • Club FM 94.3 · Club FM 104.8 · Radio Mango 91.9
· BEST FM 95 · Red FM 93.5 · Red FM 91.1 · Big FM 92.7 · Radio Mirchi
98.3 · Radio DC ·
v · d · e
India BSE SENSEX companies of India
Bajaj Auto · Airtel · BHEL · Cipla · DLF · · HDFC · HDFC Bank · Hero
Honda · Hindalco · HUL · ICICI Bank · Infosys · ITC · Jaiprakash
Associates · Jindal Steel & Power Ltd · L&T · Mahindra & Mahindra ·
Maruti · NTPC · ONGC · Reliance Communications · Reliance
Infrastructure · RIL · SBI · Sterlite Industries · TCS · Tata Motors ·
Tata Steel · Tata Power · Wipro
Retrieved from “http://en.wikipedia.org/wiki/Reliance_Communications“
Categories: Companies listed on the National Stock Exchange of India |
Companies listed on the Bombay Stock Exchange | Companies based in
Mumbai | BSE Sensex | Telecommunications companies of India | Internet
service providers of India | Mobile phone companies of India | Private
equity portfolio companies | Companies established in 2004
* This page was last modified on 28 February 2011 at 09:16.
* Text is available under the Creative Commons Attribution-
ShareAlike License;
Wikipedia® is a registered trademark of the Wikimedia
Foundation, Inc., a non-profit organization.
…and I am Sid Harth
This entry was posted on 04/03/2011, 9:15 am and is filed under News,
Views and Reviews. You can follow any responses to this entry through
RSS 2.0. You can leave a response, or trackback from your own site.