Reliance Communications
From Wikipedia, the free encyclopedia
| Reliance Communications Limited | |
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| Type | Public (BSE: RCOM) |
| Founded | 2004 |
| Headquarters | Navi Mumbai, India |
| Key people | Anil Ambani, Chairman and Managing Director
Satish Seth, Vice-Chairman Reliance-ADA Group S. P. Shukla, CEO - Personal Business & Director - Reliance Telecom |
| Industry | Telecommunications |
| Products | CDMA service, GSM service, Broadband Internet Service |
| Revenue | US$ 4 Billion |
| Employees | 33,000 |
| Website | Reliance 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] Bid For Hutch
In 2007, Reliance Communications had bid for 67% of Hutch but lost to Vodafone, which had been led by its CEO at the time Mr.Arun Sarin.
[edit] Acquisitions
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). The deal was announced complete in a press release in December 2007.
In its first overseas acquisition, the Reliance group has amalgamated the United States-based Flag Telecom for $ 211 million [roughly Rs 950 crore (Rs 9.50 billion)].
[edit] External links
- : RIMweb.in - Reliance Mobile Discussion Forums
- DA-IICT - Dhirubhai Ambani Institute of Information and Communication Technology
[edit] References
| Telecommunication Companies in India |
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| BSNL | MTNL | Airtel | Idea | Vodafone | Reliance | Tata Indicom | Spice | Aircel|Virgin Mobile(MVNO) |
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