Reliance Communications Announces Its Audited Financial Results For the Financial Year Ended March 31 2011

- CUSTOMER BASE AT 136 MILLION, UP 33%
- AGAINST 102 MILLION IN THE CORRESPONDING PERIOD LAST YEAR
- HIGHEST QUARTERLY REVENUE GROWTH OF 6.9% (Q4 VS Q3) IN LAST 7 QUARTERS
- EBITDA AT RS. 9,081 CRORE (US$ 1,993 MILLION), UP 16.1% AGAINST RS. 7,821 CRORE (US$
1,665 MILLION) IN LAST FINANCIAL YEAR
- EBITDA MARGINS AT 39.3% FOR THE YEAR, HIGHEST IN THE INDUSTRY
- REVENUES AT RS. 23,108 CRORE (US$ 5,071 MILLION), UP 4.4% AGAINST RS. 22,132 CRORE
(US$ 4,713 MILLION) IN LAST FINANCIAL YEAR
- NET PROFIT FY11 AT RS. 1,346 CRORE (US$ 295 MILLION)
- BOARD APPROVES 10% DIVIDEND, PAYOUT OF RS. 120 CRORE, THE ONLY TELECOM
COMPANY IN INDIA TO DECLARE DIVIDEND FOR FOUR CONSECUTIVE YEARS
- LARGEST DATA SERVICE PROVIDER WITH 3G & HIGH SPEED DATA PRESENCE IN OVER 850 CITIES
- STRONG FOCUS ON MORE PROFITABLE DATA AND VAS SERVICES (more…)

Rcom To Offer Most Affordable Internet Access Across Country

RCOM to usher in Internet revolution enabling Wire Free India

  • Largest rollout of affordable Wireless Internet access service in India
  • Unlimited internet for Rs. 169 only
  • Available across 24,000 towns and 600,000 villages
  • Move in line with the vision to make India Wire free

Reliance Communications, India’s foremost and truly integrated telecommunications service provider, today unveiled its path breaking initiative to break the price barrier for internet access for billions of Indians across 24,000 towns and 600,000 villages.  In the largest roll out of affordable wireless internet service across the length and breadth of the country, Reliance slashed the cost of Reliance Netconnect USB stick modem to Rs 1099/- and offers unlimited data usage at affordable tariff of just Rs 169/- only for prepaid users. This plan has been launched across the country except the top 1000 towns.

RCOM led India’s first telecom revolution by making a phone call more affordable. It is now leading the second wave by making India a WireFree country, where every Indian has access to internet at the click of mouse or the press of a key. This is in line with Reliance’s vision to usher in digital revolution by making the telecom services available to the countrymen while offering them at the most affordable prices.  (more…)

RCOM Introduces India’s first User Generated Caller Tune Service

- Customer can generate caller tunes with their own voice.
- Customers can exclusively create content, customize, record, share and set their own caller tune.

Reliance Communications (BSE: RCOM), India’s largest integrated telecom operator introduces India’s first, user generated caller tune service. This exclusive service allows customers to record any content via ‘Tune Maker’ platform and set it as their own caller tune. Subscribers can also post their creations through which other customers can set it as their caller tunes. RCom has partnered with Hyderabad based Altruist Technologies to create pan-India infrastructure for its new service. (more…)

RCOM Statement on RCOM-GTL Deal

A Reliance Communications Ltd. spokesperson said:

“Following the expiry of the non-binding Term Sheet with GTL Infrastructure Ltd., Reliance Communications Ltd. is now engaged in discussions with certain other strategic and financial investors, to pursue a similar transaction aimed at significant reduction in the Company’s debt and unlocking of value for RCOM shareholders from the passive infrastructure and related assets in its 95% owned subsidiary, Reliance Infratel Ltd.

An appropriate further announcement will be made in due course.

Owing to the provisions of mutual confidentiality agreements, RCOM cannot provide any comment on the reasons for the inability to conclude a transaction with GTL Infrastructure Ltd.” (more…)

Rcom Announces The Launch of Open Market Handset Offer On Post-Paid CDMA Mobile

-Wider choice of latest feature rich handsets for prospective post-paid subscribers
-Promotional offer: Free unlimited local Reliance to Reliance calls for 6 months with select open market handsets
-Offer available for new post paid CDMA mobile subscribers

As part of its efforts to provide its prospective customers a wider choice of latest feature rich trendy handsets and offer greater multimedia experience, Reliance Communications, (BSE: RCOM) India’s largest and only telecom operator offering nationwide CDMA and GSM mobile services has launched a unique open market handsets bundle offer for new post paid CDMA customers across India. The offer is available for new subscribers with a promotional benefit of free unlimited local calling to any Reliance Mobile for 6 months on subscription. (more…)

RCOM Forms 3G Business Team, Plans 3G Innovation Lab

-Appoints Prashant Gokarn as Head of 3G Business
-Sets up fully-integrated 3G Innovation Lab
-To facilitate 3G mobile innovations in collaboration with third-party developers
-Explores Indian & Global partner tie-ups for 3G Innovation Lab

Reliance Communications having sustained its leadership position in CDMA data services is now making a fast progress towards readying itself for the 3G led opportunities. RCOM currently has wide presence in data through 1x and HSD services.
Moving up the ladder, in an all India bid for 3G spectrum, the company has won 13 circles including the metros of Delhi, Mumbai and Kolkata and is the only operator without capacity constraints on 2G in these circles. This advantage puts it in a unique position to offer an excellent 3G user experience.

In order to take its 3G plans forward, RCOM has appointed Mr Prashant Gokarn as Head – 3G. (more…)

RCOM & Universal Music Sign Exclusive Strategic Partnership In Its Preparation For 3G Launch

-Biggest & first-ever comprehensive music deal signed by an Indian telecom operator
-RCOM to offer Universal Music’s catalogue for its GSM, CDMA, 3G and Mobile Broadband customers
-Nationwide launch of Simply Music Initiative to showcase a constantly evolving Music service over the next quarters
-Universal Music & RCOM plan live music concerts with Blockbuster Indian & International artists

Having successfully won the licence to offer 3G services in India, Reliance Communications, India’s single largest integrated telecommunications service provider, is readying a huge chest of services and state-of-the-art applications as a prelude to the launch of its 3G services in India. RCOM has got the license to offer 3G services in 13 key circles including Mumbai, Delhi & Kolkata. (more…)

Reliance Communication Launches India’s First “Live Chat” Customer Service Initiative

Reliance Communications, India’s largest and only telecom operator offering both CDMA and GSM service across India, has announced the launch of first-of-its kind Customer Care Initiative ‘Live Chat’. This Live Chat service will enable Reliance’s customers with real-time query and issue handling through chat-based online platform.

In the first phase of the launch ‘Live Chat’ will be available to Reliance’s over 1.3 million data customers across the country. Following the implementation of the service across the data business, RCOM plans to extend the service to other business groups. (more…)

RCOM Makes Rs 8585 Crore Payment Towards 3G Spectrum to DoT For 13 Circles

First amongst 3G auction winners to submit license fee

Ability to offer 3G services in 13 circles including Mumbai and Delhi, maximum among any operator in India; in addition, RCOM can offer 3G-like service on CDMA across India

Reliance Communications today made the payment of Rs 8585.04 crores towards 3G spectrum fees to Department of Telecommunications. RCOM was amongst the only three private telecom operators who won 3G spectrum in 13 circles including the most lucrative Circles Mumbai and Delhi. The win for RCOM maximizes circle coverage on a more conservative spend. (more…)

Reliance Communications Submits Application for Nationwide 3G Spectrum

Reliance Communications, India’s first and only operator to offer nationwide CDMA and GSM services, submitted its application for the forthcoming 3G Spectrum auction today.

Reliance Communications offers next-generation mobility services on both CDMA and GSM technology platforms. The pan-India 3G ready GSM network, primarily in 1800 MHz spectrum band, was rolled out in January 2009 across 24,000 towns and 6 lakh Indian villages. The wireless network of Reliance Communications covers over One Billion Indians.

Earlier this week, Reliance Communications achieved the unique landmark of serving 100 Mn wireless customers in a single country, becoming the 4th operator in the world to achieve this milestone. The landmark achievement has been attained within seven years of Reliance Communications first launching its pan-India mobile services in 2003. Incidentally, it is also the fastest ramp up of mobile subscribers in the country from 10 million in mid-2005 to 100 million in just three and half years.

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