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Reliance Communications


About Reliance Communications

Reliance Communications is a leading Indian telecommunications company.

Telsima is a technology provider for RCOM in the WiMAX rollout.

Yipes Enterprise Services, a leading managed data and application delivery company was acquired by RCOM and later renamed Reliance Globalcom.

In December 08, people belonging to the Sikh community in Meerut staged violent protests after taking serious offence to a joke circulated on a mobile network, and has demanded apology from the chief of the RCOM, Anil Ambani.

In June 2010, reacting to some news reports, AT&T said it is not in discussions with RCOM.

Products & services

In October 09, Reliance Data Center, a part of Reliance Communications, announced the launch of Reliance Cloud Computing Services - hosted infrastructure service for its customers, based on the Microsoft platform.

Financials

Financial Results for year ended March 31, 2009

RCOM announced the financial results year ended March 31, 2009. Net Profit up by 9.4% to Rs. 5,908 crore (US$ 1,165 million); Revenues higher by 20.3% at Rs. 22,941 crore (US$ 4,523 Million); EBITDA higher by 13.3% at Rs. 9,288 crore (US$ 1,831 million); EBITDA margin stable at 40.5%, among the highest in India; Only company to have nationwide GSM & CDMA services in india; Second largest mobile operator in india with 73 million subscribers.

Stock price

  • September 19, 2007: Rs 552
  • October 17, 2007: Rs 737
  • January 21, 2008: Day topper
  • June 22, 2009: Rs 314.80 amidst speculations of its strategic alliance with China mobile

Timeline

  • In August 09, the company announced plans to invest Rs 1,000 crore on rural telecom infrastructure. The company is planning to boost its fibre optic, hybrid data network.

Allegations of understating accounts

A special audit done by a Jaipur-based firm shows RCom has inflated revenues and has under-paid license and spectrum fee by Rs 316 crore in FY07-08. A leading business media outlet which got a copy of executive summary report says that RCom has under-reported Rs 808 crore in FY07 and Rs 1,991 crore in FY08 that led to low license and spectrum fee to the Department of Telecom (DoT). The DoT audit claims a gap of Rs. 2900 crores in the company's actual and stated revenue. If the allegations are found to be correct, there will be a punishment of imprisionment for upto 10 years. On October 14, 2009, the SEBI said it will look into the misrepresentation of revenue by RCom.

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Hrithik Roshan appears in RCOM ads (Piper ads released in October 09).

Reliance Mobile is the sponsoror for the 2010 ICC Test Championship.

Reliance Communications in News

ZTE Partners with Reliance Communications India to Build 100G Metro Optical Network
Business Wire IndiaZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has signed a new 100G optical transportation network (OTN) contract with Reliance Communications India.

TM Forum Announces Finalists for 2015 Excellence Awards
MORRISTOWN, NJ--(Marketwired - May 14, 2015) - TM Forum, the global industry association for digital business, today announced the finalists of the 2015 TM Forum Excellence Awards

Global Cloud Xchange Connects to UAE-IX
Global Cloud Xchange (GCX), a leading global data communications service provider with the world's largest private subsea cable footprint plus terrestrial networks and managed services that comprise today's cloud ecosystem, has signed as a new member of UAE-IX in Dubai. UAE-IX is the first carrier-neutral Internet traffic exchange platform in the Middle East

Reliance Communications and Ericsson sign nationwide Managed Services contract

Reliance Launches First Suite of Apkudo Approved Accessories
Apkudo, the mobile device quality assurance company, and Reliance Communications, one of the nation's premier wireless distribution companies, today announced that Reliance has successfully launched the first group of "Tested with Apkudo" accessories

Bharti Airtel, Reliance Communications and Tata Communications Dive Into Digital Transformation at TM Forum's Digital Leadership Summit
MORRISTOWN, NJ--(Marketwired - September 02, 2014) - As the digital revolution reshapes the global business landscape, every person, company and industry is learning to navigate a complex set of new opportunities and threats. Sponsored by IBM and Oracle, TM Forum's Digital Leadership Summit in Mumbai on Sept

Reliance Communications Selects Apkudo Approved Testing to Optimize Accessory Launches
Apkudo, the mobile device quality assurance company, and Reliance Communications, one of the nation's premier wireless distribution companies, today announced that Reliance is using the industry-leading Apkudo Approved accessory testing to further its focus on quality. Initially, Apkudo will test the Nakamichi line of audio accessories to ensure the best user experience

Reliance Globalcom Rebrands as Global Cloud Xchange
Reliance Globalcom today unveiled the company's new brand and announced that it will begin operating as Global Cloud Xchange effective immediately. The launch of its new corporate identity aligns with the company's strategic plan to deliver the world's first true cloud ecosystem globally.

Reliance Globalcom Appoints Rory Cole as Chief Financial Officer
Reliance Globalcom today announced the appointment of Rory Cole as Chief Financial Officer of its three offshore businesses, comprising FLAG, Yipes and Vanco.

Reliance Globalcom Appoints Lorain Wong as Chief Marketing Officer
Reliance Globalcom today announced the appointment of Lorain Wong as Chief Marketing Officer of its three offshore businesses, comprising FLAG, Yipes and Vanco.

Reliance Globalcom Appoints Wilfred Kwan as Chief Operating Officer
Reliance Globalcom today announced the appointment of Wilfred Kwan as Chief Operating Officer of its three offshore businesses, comprising FLAG, Yipes and Vanco.

18 New Healthy Workplaces and Arogya World Advance Workplace Wellness in India
Eighteen companies from a variety of sectors were named Healthy Workplaces in India this year, the second year of a pioneering public health program being implemented by Arogya World

Frost & Sullivan Honors the Best in Indian ICT Industry at the 2014 India ICT Awards
Frost & Sullivan successfully hosted the 12th edition of its Information & Communications Technology (ICT) India Awards, at Le Meridien in New Delhi on June 24, 2014. The banquet witnessed the presence of the who’s who in the ICT sector and deserving companies were felicitated for their outstanding performance, innovation in technology, product development, and services

ASM Presents the Awards for Excellence
ASM was established in 1983 with an objective to impart quality education to students. The central philosophy of the institution, as laid down by the great visionary and founder of ASM, Late Dr. R. R. Pachpande is Industry-Institute-Interaction. He was of the opinion that post graduation should focus on giving contemporary education to the students as per the requirement of the end users i.e

Networkplay Announces its Newest Addition: yoCAPTCHA - Advertising Platform by Innovese
Following recent announcement on Gruner+Jahr’s (G+J) further investment in Networkplay for funding of new and innovative future endeavors, this week Networkplay sets the ball rolling as it announces the takeover of yoCAPTCHA! – the brainchild of Innovese Technologies. The deal inked between the two companies paves the way for Networkplay’s exciting projects lined up this year

Reliance Communications and Ericsson sign USD 1 billion managed services contract for wireline and wireless networks for North and West India

GuideMeSingapore: Region’s Growth Strengthens Singapore’s Position as Investment Hub
The continued growth of economic activity in Southeast Asia is contributing to new investments and corporate activity in Singapore, says leading Singapore business incorporation portal www.GuideMeSingapore.com

Smith Micro Delivers Premium Mobile Video to Reliance Communications Subscribers
Smith Micro Software, Inc. (NASDAQ: SMSI), a leading provider of wireless and mobility solutions, has announced that Reliance Communications, India’s leading telecommunications provider, is exclusively using Smith Micro’s mobile video platform, VIDIO™, to deliver premium video content offerings with its 3G service

iBasis and Reliance Communications to Establish First IPX Connection in India
iBasis, a KPN company, today announced that leading Indian service provider Reliance Communications will connect to iBasis’ growing IP eXchange (IPX) network. IPX offers a next-generation alternative to the public Internet

'Anonymous' launches countrywide protests against Internet censorship in India
Members of an Internet group 'Anonymous' have organized an 'Occupy' campaign in 16 cities in India against Internet censorship in the country.

CASBAA India Forum 2012: Digitisation and Beyond
Despite a nearly US$7 billion multichannel TV market, only 60% of India's vast population owns a television. The CASBAA India Forum 2012: Beyond Digital, staged on 20 March 2012 at the Shangri-La Hotel, New Delhi, will examine important issues affecting multichannel TV in India

LTE to make Voice and Data Services Cheaper
India is expected to witness a huge business opportunities with the optical fibre network getting completed by the Government of India. While speaking at the inauguration of 3rd LTE India 2012 International Conference at New Delhi, Shri J.K

Mobile World Asia 2012 will be Held in Shanghai on Feb. 21-23, 2012
Welcome to the world of MOBILE! With recognition of Asia’s increasing significance in the global mobile ecosystem, the organizing committee is proud to announce that Mobile World Asia 2012 will be held during Feb. 21 – 23, Shanghai, China. The theme of this year’s event is: Share Ideas•Inspire visions

Government to Provide Countrywide Optical Fibre Broadband Network: Milind Deora
Government has decided to own and operate a countrywide broadband network with an optical fibre base through which different operators could provide a range of services, Union Minister of State for Communications and IT, Milind Deora announced today while inaugurating 8th Broadband Tech India Conference organised by Bharat Exhibitions. Shri Milind Deora, Shri TR Dua, Shashi Dharan, Mr

Connectindia.in Crosses 1,00,000 Customers
Connectindia (www.connectindia.in), India’s biggest internet and mobile plans e-commerce marketplace has surpassed 1,00,000 consumer telecom plans sale in August, 2011

Paul Writer Launches The Futurist Marketing Hall of Fame
Paul Writer (www.paulwriter.com) a leading marketing advisory firm today announced the creation of India’s first virtual Hall of Fame

Supreme Court refrains from passing order against Sibal for favouring RCom
The Supreme Court on Monday refused to pass any order on a Public Interest Litigation (PIL) filed by advocate Prashant Bhushan, which accused Union Communications and Information Technology Minister Kapil Sibal of favouring Anil Ambani and his Reliance Communications (RCom).

Sibal rejects Reliance Communications-linked PIL as malicious, motivated and defamatory
Union Minister for Telecommmunications Kapil Sibal on Friday rejected a Public Interest Litigation (PIL) and media reports that suggested that he had bent rules to penalise Anil Ambani's Reliance Communications (RCom) Rs.650 crores for violating contract-related obligations.

Actis, Pioneers in Designing and Building Communication and Collaboration Solutions, Commemorates 40 years in Business
Actis, pioneers in designing and building communication and collaboration solutions, is commemorating 40 years in business. Established in 1971, Actis has pioneered technologies like Telepresence, Video Conferencing, Edge Blending, Interactive Training Centres and Smart Home technologies in India

Reliance Communication confirms talks with Reliance Industries
Six years after dividing their empire and after recently declaring a truce from their bitter feuding, Mukesh and Anil Amban are talking about working together again.

BroadSoft Global Survey Reveals Mobile Operators View LTE Networks as Opportunity to Deliver New Enterprise, Consumer Services
More than 42 percent of global Mobile Network Operators (MNOs) are currently deploying or trialling LTE, and an additional 34.2 percent plan LTE network rollouts in the future, according to a study released today by BroadSoft, Inc. (NASDAQ: BSFT)

Prosper.com Closes $17.2 Million Funding Round
Prosper.com, a social lending marketplace that brings together creditworthy borrowers with individual and institutional investors, today announced that it has raised over $17 million in funding from new investors Draper Fisher Jurvetson and Crosslink Capital. Existing investors Accel Partners, CompuCredit, Omidyar Network, TomorrowVentures, and Volition Capital also participated in the round

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