Reliance Communications

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Reliance Communications Limited
TypePublic (BSE: RCOM)
Founded2004
HeadquartersImage:Flag of India.svg Navi Mumbai, Maharashtra India
Key peopleImage:Flag of India.svg Anil Ambani, Chairman and Managing Director

Satish Seth, Vice-Chairman Reliance-ADA Group

S. P. Shukla, CEO - Personal Business & Director - Reliance Telecom
IndustryTelecommunications
ProductsCDMA service, GSM service, Broadband Internet Service
RevenueUS$ 4 Billion
Employees33,000
WebsiteReliance Communications

Reliance Communications (formerly Reliance Infocomm), along with Reliance Telecom 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 1.36 billion 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 ADA Group. Reliance Infocomm is currently managed by Anil Dhirubhai Ambani.It uses CDMA2000 1x technology

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[edit] History

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 colonial legacy of backwardness and underdevelopment, thanks to the British. 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.

[edit] Footprint

At present, Reliance Telecom's GSM cellular services are available in 340 towns within 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.

[edit] Bid For Hutch

In 2007, Reliance Communications had bid for 67% of Hutch but lost to Vodafone led by its Indian CEO Arun Sarin.

[edit] Acquisition of Yipes

In July 2007, the company announced it is buying US-based managed ethernet and application delivery services company CEO Rohit Srivastava 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.

[edit] External links

[edit] References


Telecommunication Companies in India
BSNL | MTNL | Airtel | Idea | Vodafone | Reliance | Tata Indicom | Spice | Aircel
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