Reliance Communications shines on unveiling large-scale network expansion plan

Reliance Communications Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532712 | NSE: RCOM

03 May 2013 Evaluate

Reliance Communications is currently trading at Rs. 111.05, up by 6.00 points or 5.71% from its previous closing of Rs. 105.05 on the BSE.

The scrip opened at Rs. 105.10 and has touched a high and low of Rs. 111.85 and Rs. 104.85 respectively. So far 1, 02, 18 000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 111.85 on 03-May-2013 and a 52 week low of Rs. 46.60 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 105.65 and Rs. 91.45 respectively. The current market cap of the company is Rs. 22,921 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 17.31% and 14.54% respectively.

Reliance Communications, India's fully integrated telecommunications service provider has unveiled ambitious plans to expand its pan-India network significantly through strategic 2G GSM Intra-Circle Roaming agreements with existing operators, offering its customers wider coverage and uninterrupted service across the country. Once in place, RCOM's 2G GSM customers will be able to roam seamlessly on all partner networks free of any additional cost.

These ICR agreements will increase RCOM's national 2G GSM network footprint by 10,000 base stations and bring in an addressable market of over 150 million customers, adding up to a market opportunity of over Rs 10,000 crore. All agreements with existing telecom operators are likely to be completed by the end of the second quarter of the ongoing financial year.

RCOM is India's foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.