Reliance Communications (formerly Reliance Infocomm), along with Reliance Teleco
m and Flag Telecom, is part of Reliance Communications Ventures (RCoVL). According to National Stock Exchange data, Anil Ambani controls 66.75 per cent of the company, which accounts for more than 136 crore shares of the company.[1]Reliance Infocomm is an Indian telecommunications company. It is the flagship company of the Reliance-Anil Dhirubhai Ambani Group, comprising of power (Reliance Energy), financial services (Reliance Capital) and telecom initiatives of the Reliance ADAG Group. Reliance Infocomm is currently managed by Anil Dhirubhai Ambani.It wses CDMA2000 1x technology
m and Flag Telecom, is part of Reliance Communications Ventures (RCoVL). According to National Stock Exchange data, Anil Ambani controls 66.75 per cent of the company, which accounts for more than 136 crore shares of the company.[1]Reliance Infocomm is an Indian telecommunications company. It is the flagship company of the Reliance-Anil Dhirubhai Ambani Group, comprising of power (Reliance Energy), financial services (Reliance Capital) and telecom initiatives of the Reliance ADAG Group. Reliance Infocomm is currently managed by Anil Dhirubhai Ambani.It wses CDMA2000 1x technologyHistory
Reliance Infocomm is the outcome of the late Dhirubhai Ambani's (1932-2002) dream to herald a digital revolution in India by bringing affordable means of information and communication to the doorsteps of India's vast population. Dhirubhai Ambani charted out the mission for Reliance Infocomm in late 1999. He saw in the potential of information and communication technology an opportunity for India to leapfrog over its historical legacy of backwardness and underdevelopment. Between 1999 to 2002 Reliance Infocomm built the fiber backbone for India — 60,000 kilometres of fibre optic backbone, crisscrossing the entire country. This network was commissioned on December 28, 2002, the 70th birth-anniversary of Dhirubhai. This day also marked his first birth-anniversary after his demise on July 6, 2002. If you see in India, other groups like Tatas or Birlas they are since more than a century and this group (Reliance) is just 40-45 yers old but they are the biggest industrial house now
Footprint
At present, Reliance Telecom's GSM cellular services are available in 340 towns with
in its eight-circle footprint. Reliance's CDMA services are available in 19 states and cover about 65% of the country, state wise. Reliance Infocomm also offered for the first time in India, mobile data services through its R-World mobile portal. This portal leverages the data capability of the CDMA 1X network.Customer Base
As of March-2007 Reliance Infocomm had user base of 28 million, adding 1.2million users in March-2007 alone. RIC is aggressively expanding the reach of its network in order to reach more subscribers by extending its services. By, March 2007 Reliance plans to expand its GSM network to 4,000. It is estimated that the mobile market in India will grow to 140 million subscribers by FY 2008.
With a market cap of around US$ 15 billion (as of May 2007) and almost 30 million total subs, thats around $500/sub valuation.
Market Cap
With a market cap of around US$ 15 billion (as of May 2007) and almost 30 million total subs, thats around $500/sub valuation.
Market Cap
Reliance communications has a market cap of 95000 crore Indian rupees(About $2
1 Billion) as of 23rd December 2006. The Rs 68-rise in the share since December 12 increases the value of the promoters’ stake by Rs 9,248 crore, or more than $ 2 billion.
Bid For Hutch
1 Billion) as of 23rd December 2006. The Rs 68-rise in the share since December 12 increases the value of the promoters’ stake by Rs 9,248 crore, or more than $ 2 billion.Bid For Hutch
in 2007, Reliance Communications had bid for 67% of Hutch but lost to Vodafone led by its Indian CEO Arun Sarin.
Acquisition of Yipes
Acquisition of Yipes
In July 2007, the company announced it is buying US-based managed ethernet and application delivery services company Yipes Enterprise Services for a cash amount of Rs. 1200 crore rupees (equivalent of USD 300 million) allowing the company to enter into the competitive US market.[2]
