Reliance Communications on Thursday has received an approval from the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) to raise money for its tower business. RCom’s tower arm Reliance Infratel Ltd received the regulator’s approval to raise about Rs 5,000 crore through an IPO to increase its current tally of 50,000 towers. Reliance Infratel will offer 10% equity through a proposed issuance of 15.6 crore shares.
Reliance Infratel, in which RCom owns 95% and balance 5% is held by seven institutional investors, also has an optic backhaul infrastructure across 25,000 towns and 6 lakh villages. The current tenancy ratio of Reliance Infratel towers is 2 and has a potential of 4 to 7 tenancy slots. In July 2009, Reliance Infratel signed a Rs 10,000 crore contract with another telecom player in
Revenue from tower-sharing is considered lucrative as incremental expense on the part of the provider is minimal. Reliance Infratel has an average of four slots per tower and is currently using two slots on most sites for its CDMA and GSM networks.
The company claims it can increase the number of slots as and when required with minimal capital expenditure. Additionally, RCom’s own 3G and wireless broadband (Wimax) networks are expected to take up two slots more on each installation over the next 12 months.crackcrack
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1730.95 |
| Vodafone Idea | 6.81 |
| Indus Towers | 334.10 |
| Tata Communications | 1578.25 |
| Bharti Hexacom Ltd. | 1447.70 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
100% Secure Process
Account Discovery
- OTP from CAMS
Account Linking for Stocks & MF
- One OTP per link Eg. NSDL, CDSL, CAMS, KFin etc.
One Click Upload for your Current Portfolio and Future Transactions!
Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
