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BIG SYNERGY AND PHANTOM FILMS ENTER INTO AN ALLIANCE TO CREATE A CONTENT PRODUCTION POWERHOUSE ACROSS TV AND DIGITAL MEDIA
16 Industrial Licenses To Reliance Infrastructure's wholly owned subsidiary, reliance defence, for missiles, ammunition, land & naval systems
RELIANCE DEFENCE & ANTONOV TO COOPERATE ON TRANSPORT AIRCRAFT FOR MILITARY & CIVIL USE
Reliance Defence Enters Into Strategic Relationship With Rafael
RELIANCE CAPITAL ASSET MANAGEMENT RECEIVES ALL APPROVALS FOR INCREASE IN NIPPON LIFE INSURANCE STAKE TO 49 PER CENT
RELIANCE CAPITAL BOARD APPROVES TRANSFER OF COMMERCIAL FINANCE DIVISION INTO A SEPARATE WHOLLY OWNED SUBSIDIARY
RELIANCE ENTERTAINMENT AND PHANTOM FILMS ANNOUNCE REMAKE OF THE HUGELY POPULAR FRENCH MOVIE "LA FAMILLE BELIER" IN MULTIPLE INDIAN LANGUAGES
Reliance Infrastructure Ltd Signs Final Binding Agreement With Birla Corporation Ltd For 100% Sale Of Its Cement Plant Of 5.08 Mtpa
Reliance Entertainment And Neeraj Pandey & Shital Bhatia's Friday Filmworks Partner To Form Plan C Studios
RELIANCE ENTERTAINMENT, SERGE HAZANAVICIUS, KEV ADAMS, JULIE GAYET AND ELISA SOUSSAN JOIN HANDS FOR UNIQUE INDO-FRENCH PRODUCTION - “nOmber One”
Reliance Communications Q3 FY 15-16 Results
Reliance Capital Q3 FY 15-16 Results
Reliance Infrastructure Q3 FY 15-16 Results
Reliance Power Q3 FY 15-16 Results
RELIANCE INFRASTRUCTURE LTD (RINFRA) ACQUIRES MANAGEMENT CONTROL OF PIPAVAV DEFENCE & OFFSHORE ENGINEERING CO LTD (PDOC)
RELIANCE JIO INFOCOMM AND RELIANCE COMMUNICATIONS ENTER INTO STRATEGIC PARTNERSHIP COVERING 4G LTE SERVICES
Reliance Defence & Russia's 'Almazantey' to partner for AD missile Systems and Radar requirements of Indian Defence Forces
Reliance Communications Enters Into Exclusive Discussions For Potential Combination of Its Wireless Business With Aircel
Reliance Communications (Rcom) Commences Monetisation Of Surplus Real Estate
Reliance Communications signs Non-Binding Term Sheet with Tillman Global Holdings and TPG
Pipavav Defence & Offshore Engineering Co. Ltd. to exit CDR
Reliance Infrastructure Proceeds to Complete the Acquisition of Pipavav Defence and Offshore Engineering Company Limited
RInfra Signs Non-Binding Term Sheet with PSP Investments of Canada
Reliance Communications and Global Cloud Xchange Connect Emerging Market Corridor
Reliance Communications Announces Financial Results for the Quarter ended September 30, 2015
RInfra Q2 FY 15-16 Results
Reliance Infrastructure Board conducts Strategic Review of Businesses
RCOM to acquire Wireless Business of MTS in India
Reliance Defence and Abu Dhabi ship building sign MOU for Naval and Commercial services
RCOM & Global Cloud Xchange Announce Appointment of Braham Singh as SVP, Global Product Management
Reliance unmanned systems join hands with Augur, Singapore to manufacture Aerostats and Airships in India
RCOM Launches Next-Generation Content and Cloud Delivery Network in Five Cities Across India
Pipavav Defence signs agreement with Zvyozdochka of Russia
Reliance Power Terminates Tilaiya UMPP

RELIANCE POWER’S WHOLLY OWNED SUBSIDIARY, JHARKHAND INTEGRATED POWER LIMITED TERMINATES POWER PURCHASE AGREEMENT FOR 3,960 MW TILAIYA UMPP IN JHARKHAND

  • TILAIYA UMPP WON THROUGH COMPETITIVE BIDDING IN 2009
  • LAND FOR POWER STATION AND RELATED INFRASTRUCTURE NOT HANDED OVER BY PROCURERS DESPITE 5.5 YEARS DELAY
  • LAND ACQUISITION PROCESS FOR CAPTIVE COAL BLOCK YET TO BE INITIATED BY STATE GOVT. AFTER 5.5 YEARS DELAY
  • MORE THAN 25 REVIEW MEETINGS AND EXTENSIVE FOLLOW-UP WITH STATE GOVT. FAILED TO YIELD ANY CONCRETE RESULTS
  • TERMINATION IN ACCORDANCE WITH PPA PROVISIONS
  • UMPP CANNOT BE COMPLETED TILL 2023-24 AT THE EARLIEST BASED ON CURRENT STATUS OF LAND HANDOVER PROCESS
  • TERMINATION OF PPA BY JIPL REDUCES RELIANCE POWER’S FUTURE CAPEX PIPELINE BY RS. 36,000 CRORE
  • RELIANCE POWER HAS RECENTLY COMPLETED RS. 27,000 CRORE INTEGRATED COAL MINING AND 3,960 MW UMPP AT SASAN
  • RELIANCE POWER HAS EARLIER COMMISSIONED 2,000 MW OF GREENFIELD CAPACITY ACROSS COAL, SOLAR AND WIND
  • RELIANCE POWER HAS COMISSIONED SIX PROJECTS WITH A TOTAL CAPACITY OF ~6000 MW AND A CAPEX OF ~RS. 50,000 CRORE; CONTINUES TO REMAIN FINANCIALLY CONSERVATIVE WITH A DEBT: EQUITY RATIO OF 1.5:1, ONE OF THE LOWEST IN THE POWER SECTOR
  • RELIANCE POWER COMMITTED TO PROFITABLE GROWTH AND VALUE CREATION FOR ITS STAKEHOLDERS
  • 6,000 MW SOLAR POWER DEVELOPMENT AS PART OF HON. PM’S MEGA VISION FOR ENHANCED ROLE OF RENEWABLE POWER AND OVER 5000 MW OF HYDRO POWER DEVELOPMENT

Mumbai, April 28, 2015: Reliance Power today announced that, it’s wholly owned subsidiary, Jharkhand Integrated Power Limited (JIPL), has terminated the Power Purchase Agreement (PPA) of its 3,960 MW Tilaiya Ultra Mega Power Project (UMPP) in District Hazaribagh, in the State of Jharkhand. Based on tariff-based bidding managed by Power Finance Corporation (PFC), Reliance Power was awarded the Tilaiya UMPP in February 2009. JIPL, the Special Purpose Vehicle (SPV) for implementing the project, was handed over to Reliance Power by PFC in August 2009. JIPL has signed a Power Purchase Agreement (PPA) with 18 power off-takers in 10 states for 25 years. For fuel security, the project was allocated Kerendari BC captive coal mine block.

However, the required land is yet to be made available. Even the Forest land in the Power Station area, for which the Stage-II Forest Clearance was accorded by the Central Government way back in November 2010, has not been handed over to JIPL till now. As regards the Coal Block, the land acquisition process is yet to get initiated, for which the application was submitted way back in February 2009.

JIPL, on its part, has undertaken comprehensive and concurrent efforts on a number of parallel tracks for development of the Project and completed all development period obligations under the PPA, which were not dependent on the inputs from the Procurers. However, in-spite of more than 25 review meetings and extensive and continuous follow-ups with the State Government of Jharkhand over last 5½ years, the required land is yet to be made available. Even after relentlessly pursuing the Project development for nearly 5½ years, due to Procurers’ failure to provide land for the Project, execution time-frame continues to remain uncertain.

Based on the present estimates of the land handover process, it is estimated that the project cannot be completed before 2023-24.

Reliance Power’s strong project execution capabilities have been well-demonstrated in its Sasan UMPP in District Singrauli, in the State of Madhya Pradesh. It recently announced successful achievement of Power Station Commercial Operation Date (COD) by operating all six units comprising 3960 MW capacity. With this, the Sasan UMPP has been successfully commissioned 12 months ahead of PPA Schedule. It may also be mentioned here that five units of 660 MW each totaling 3300 MW were commissioned in just about 12 months. The Sasan UMPP is the largest integrated power plant cum coal mining project at a single location in the world, involving investment of over Rs. 27,000 Crore.

Reliance Power’s execution capabilities have also been demonstrated earlier with the successful commissioning and operations of its 1,200 MW Rosa Power Project located in the state of Uttar Pradesh, 600 MW Butibori Power Project located in Maharashtra, 185 MW of Solar PV, Solar CSP and Wind projects located in Rajasthan and Maharashtra. Table below provides summary of all operating plants of Reliance Power.

Sr. No.Operating PlantStateCapacity (MW)
1.RosaUttar Pradesh1,200
2.ButiboriMaharashtra600
3.Sasan UMPPMadhya Pradesh3,960
4.Solar PVRajasthan40
5.Solar CSPRajasthan100
6.WindMaharashtra45
 Total 5945
Reliance Capital Asset Management Signs MOU For Strategic Alliance With Samsung Asset Management,Korea

Reliance Capital Asset Management Signs MOU For Strategic Alliance With Samsung Asset Management,Korea

  • SAMSUNG ASSET MANAGEMENT IS THE LARGEST AMC IN KOREA MANAGING ASSETS OF OVER US$ 165.8 BILLION (AS OF FEB 2015)
  • MOU PART OF RELIANCE CAPITAL ASSET MANAGEMENT’S STRATEGY TO EXPAND ITS PRODUCT PORTFOLIO AND OFFER WORLD CLASS PRODUCTS TO INDIAN AND OVERSEAS INVESTORS
  • MOU PART OF SAMSUNG ASSET MANAGEMENT’S GLOBAL STRATEGY TO EXPAND AND STRENGTHEN ITS PRESENCE IN THE GLOBAL MARKET
  • SAMSUNG ASSET MANAGEMENT HAS 18 PER CENT MARKET SHARE IN KOREA AND LEADS ACROSS MAJOR CATEGORIES – ETF, FIXED INCOME, EQUITIES
  • BOTH COMPANIES TO DEVELOP AND EXPLORE BUSINESS OPPORTUNITIES IN ACTIVE AND PASSIVE STRATEGIES IN INDIA AND KOREA
  • BOTH COMPANIES TO LEVERAGE THEIR SPECIFIC INVESTMENT AND DISTRIBUTION REACH IN INDIA AND KOREA
  • RELIANCE CAPITAL ASSET MANAGEMENT TO ACCESS SAMSUNG'S EXPERTISE ACROSS EQUITIES, FIXED INCOME AND ETF
  • RELIANCE CAPITAL ASSET MANAGEMENT TO PROVIDE BEST-IN-CLASS INDIA INVESTMENT CAPABILITIES TO SAMSUNG’S GLOBAL RETAIL AND INSTITUTIONAL INVESTORS
  • RELIANCE CAPITAL ASSET MANAGEMENT CURRENTLY MANAGES AND ADVISES OVER US$1.5 BILLION IN OFFSHORE ASSETS

April 24, 2015, Mumbai/Seoul: Samsung Asset Management Co., Ltd, Korea, the largest Asset Manager in Korea, today signed a Memorandum of Understanding with (MOU) for strategic alliance with Reliance Capital Asset Management, a part of Anil-Ambani led Reliance Capital and India’s largest asset manager.

Samsung Asset Management, the asset management arm of Korean-chaebol Samsung Group, is the largest asset management firm in Korea managing Assets of over US$ 165.8 billion (as of February 2015).

The agreement was signed between Mr. Sundeep Sikka, CEO, Reliance Capital Asset Management and Dr. Sung Hoon Koo, CEO, Samsung Asset Management in Seoul, South Korea, today.

As part of the MOU, both Samsung Asset Management Co., Ltd, and Reliance Capital Asset Management Ltd will use their expertise to explore areas for developing, managing, marketing and distributing each other’s investment products in India and Korea.

Both companies will seek to develop and explore business opportunities in active and passive strategies, leveraging upon their specific investment and distribution reach, in India and Korea

Comment from Reliance Capital Asset Management:

“We are delighted to begin our business relationship with Samsung Asset Management, the leader in asset management space in Korea. We are confident that this relationship between two leading asset management companies will provide both Korean and Indian investors, seeking exposure in global equities, with enhanced investment opportunities and significant diversification benefits”

“We are delighted to begin our business relationship with Reliance Capital Asset Management, the leading asset manager in India. India is one of the biggest economies in the world with strong growth potential in the mutual fund market and, with this relationship, both firms will seek to explore business opportunities in active strategies and ETF business, leveraging both firms’ experiences and know-how in the respective market. India’s economic growth is forecast to grow around 7.5%, according to IMF. At the same time, its international mutual fund market is in the early stage and has strong growth potential in the future. A total AUM for international mutual funds are around USD811mn while a total AUM for mutual fund market is around US$195 billion”.

The MOU is part of Samsung Asset Management’s global business strategy to expand/strengthen its presence in the global market. Samsung Asset Management has its overseas subsidiaries in Hong Kong and U.S and plans to acquire Samsung Life’s London subsidiary within this year.

The MOU is part of Reliance Capital Asset Management’s strategy to expand its product portfolio and offer world class products to Indian and with global investors.

In recent years, Reliance Capital Asset Management has been expanding its offshore capabilities and has managed and advised assets of over USD$1.5 billion.

“Indian asset management market has grown by around 12 per cent per annum since 2008 to US$ 190 billion and offers tremendous potential to overseas investors. Samsung’s leadership experience in Korea, with over 51 per cent market share in ETFs, and our complementary expertise in investment strategies will help us expand the market for Indian funds globally,” said Mr. Sikka.

Reliance Capital Asset Management would be offering best-in-class India investment opportunities to Samsung Asset Management’s retail and institutional investors.

Samsung Asset Management Co, Ltd, is the leader across all major investment categories in Korea including: ETF, Fixed Income and Equities. The company has over 51 per cent market share in ETF across 16 ETF managers in Korea (as of August 2014).

Reliance Capital Asset Management Limited (RCAM) is India’s leading AMC in India in terms of AUM and profitability. The company managed over Rs. 2,44,000 crore (US$ 40 billion) as of 31st March 2015 across mutual funds, government sponsored public funds, managed accounts, AIF and offshore funds.

SASAN ULTRA MEGA POWER PROJECT ACHIEVED POWER STATION COD OF ITS ENTIRE 3960 MW

SASAN ULTRA MEGA POWER PROJECT ACHIEVED POWER STATION COD OF ITS ENTIRE 3960 MW

  • ENTIRE CAPACITY OF 3,960 MW NOW COMMISSIONED
  • ALL SIX UNITS OF 3960 MW OPERATED CONTINUOUSLY FOR 24 HOURS AND ACHIEVED POWER STATION COD
  • PROJECT COMPLETED 12 MONTHS AHEAD OF THE PPA SCHEDULE
  • RELIANCE POWER’S GENERATING CAPACITY IS NOW 6,000 MW
  • SASAN COAL MINES - THE LARGEST COAL MINE IN INDIA
  • ALREADY OPERATIONAL FOR PRODUCTION UP TO 20 MTPA
  • SASAN UMPP IS THE WORLD’S LARGEST INTEGRATED COAL MINE
  • CUM POWER PROJECT AT A SINGLE LOCATION IN THE WORLD
  • TOTAL INVESTMENT OVER ` 27,000 CR IS THE LARGEST INVESTMENT AT A SINGLE LOCATION IN THE STATE OF MADHYA PRADESH

Sasan (Madhya Pradesh), 22 April 2015: Reliance Power today announced that it has achieved Power Station Commercial Operation (COD) by operating all six units comprising 3960 MW continuously for 24 hours.

With this, the Project has been successfully commissioned 12 months ahead of PPA Schedule. It may be mentioned here that five units of 660 MW each totaling 3300 MW were commissioned in just about 12 months.

The Sasan Ultra Mega Power Project is the largest integrated power plant cum coal mining project at a single location in the world involving investment of over ` 27,000 Cr. Investment of over ` 27,000 Cr is the largest for a project a single location in the State of Madhya Pradesh. Coal production has already commenced from the 20 million tonnes Moher and Moher-Amlohri coal mines associated with the power project.

Reliance Power’s generation capacity is now 5,945 MW which includes 5,760 MW of thermal capacity and 185 MW of renewable energy based capacity

About Reliance Power:

Reliance Power Limited, a part of the Reliance Group, is India’s leading private sector power generation company. The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 5,945 megawatts. The company also has the largest captive coal reserves in the private sector, estimated at two billion tonnes. Besides, the company is developing three coal mines in Indonesia and is also developing coal bed methane blocks. For more information, please visit www.reliancepower.co.in For further information please contact

Daljeet Singh
+91 9312014099
 
Reliance Communications introduces 'Sachin Tendulkar' on its popular voice blog service 'CeleBlog'

Reliance Communications introduces 'Sachin Tendulkar' on its popular voice blog service 'CeleBlog'

  • Dial 56665100 at Rs. 75 paise per minute to subscribe with a monthly subscription charge of Rs. 30 only
  • Opportunity for Reliance subscribers to speak to Sachin Tendulkar
  • Offers an opportunity to follow Sachin’s new Voice Blog and know more about the matters on and off the field
  • Reliance subscribers can also like and reply to Sachin’s blog

Mumbai, June 27 2012: Reliance Communications, India's fully integrated telecommunications service provider, today announced the launch of ‘Reliance CeleBlog’ a unique platform for cricket lovers endowing them with the opportunity to closely follow ‘Sachin Tendulkar’; one of the greatest icons of world cricket that India has ever produced.

Sachin Tendulkar’s new voice blog will be available in his own voice and now readily accessible to Reliance subscribers nationally. Devotees of cricket and ardent fans of the cricket icon can now keep a tap on their GOD’s personal space with Reliance CeleBlog; wherein Sachin will be talking on all matters close to his heart; for both on and off the field with his fans.

From cricket to politics, family and friends; all about the cricket maestro in his own voice-over and style is anticipated to be one of the most enticing features of this offering rendering an extraordinary experience to all cricket lovers considering the enormous fan following that this great cricketer has hoarded during his lifetime. This offering from Reliance notifies the subscriber via SMS every time Sachin adds a new blog along with facilitating every fan to send messages to the cricketing legend and also share the same with their friends.

The ‘CeleBlog’ service launched at the pan-India level is priced at a monthly subscription charge of Rs. 30 per month along with a dial-in charge of 75 paise/min. To activate Reliance ‘CeleBlog’ service, customers can now dial 56665100.

Commenting on this occasion Mr. Kunal Ramteke, Senior Vice President and Head – Value Added Services (VAS), Reliance Communications Limited said, "We are always looking forward to offer innovative services to our customers with an affordable price point. We are excited to launch the first of its kind offering ‘CeleBlog’ for our valued customers and delight them with an unimaginable experience. For a country where Cricket is considered a religion, every cricket enthusiast would definitely love to avail this once in a lifetime opportunity to speak to their GOD ‘Sachin Tendulkar’ through CeleBlog and hence, would ensure the maximum thrill to our customers through this voice blog service."

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 161 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For more information please contact:
Bratin Roy
Reliance Communications Ltd
 
+91 9324868621 (M)
+91 22 303 71413 (D)
bratin.roy@relianceada.com
Reliance 3G is now your Personal Blockbuster Theatre Anytime, Anywhere

Reliance 3G is now your Personal Blockbuster Theatre Anytime, Anywhere

  • First Telco to offer full length movies streaming service in the country
  • Offers Reliance subscribers an interactive platform to view streamed video content across Smartphones, Tablets amongst others
  • Best 3G Quality of Service (QOS) required for long duration video streaming
  • Effectively priced at only Rs. 30 per Video On Demand (VOD) streamed
  • No data charges applicable while streaming
  • Available nationally but works best on Reliance 3G network

Mumbai, June 18 2012: Reliance Communications Limited, the second largest integrated telecom service provider in the country, today announced their partnership with BIGFLIX, a part of Reliance Group’s digital entertainment business to provide premium full length movies to all Reliance 3G subscribers at Rs 30/- per movie. This premium service is available with No DATA charges or HIDDEN Cost.

To avail this economic offer all that the Reliance subscribers have to do is log on to http://vod.rcom.co.in using their Reliance Mobile. On this link, the subscribers can access an extensive movie catalogue powered by BIGFLIX. Reliance subscribers can now choose a movie of their liking and let a completely seamless and crystal clear movie viewing experience on their Reliance Mobile enthrall them. Now, every Reliance subscriber will get a chance to convert their mobile phone into their own personal BLOCKBUSTER THEATRE offering them ultimate movie watching experience.

Commenting on this partnership, Kunal Ramtekke, Senior Vice President and Head – Value Added Services (VAS), Reliance Communications Limited said, "We are thrilled to offer the first of its kind full length movie streaming service to our customers powered by BIGFLIX fulfilling the needs and desires of all the movie buffs on our superior Reliance 3G network with incredible affordability. Every movie lover will surely love to avail this service as we are now the home for full length mobile movies and experience seamless video on demand streaming through our superior 3G network."

"This unique service requires an exceptional 3G QOS for supporting an uninterrupted movie experience and we have been rated as one of the best telecom operators in QOS by TRAI," he added.

Commenting on this association with Reliance Communications, Shreyash Sigtia, Business Head, Big Flicks Pvt. Ltd. said, "We are delighted to partner with Reliance 3G. This would enable millions of Reliance 3G users to watch the latest movies on the go without having to worry about data charges. We firmly believe that with this partnership, BIGFLIX & Reliance 3G would bring affordable movies experience to most widely available mobile screen."

Adding to this he said, "BIGFLIX is the pioneer of Movie on Demand service in India with over 1000 Blockbusters and our constant endeavor is to provide movie buffs in India with great affordable movie viewing experience across various connected devices."

Some of the popular movies that are available on http://vod.rcom.co.in are Dabbang, Bodyguard, Jab We Met, Force, Hate Story, Aarakshan, Bumboo and many more. There are many more Song Videos, Movie Clips and Short Clips which are currently available absolutely free for Reliance 3G subscribers.

This premium full length movie streaming service on the superior Reliance 3G network is available at only Rs.30 /-. Unlike any other video streaming service, here the consumer pays

only for the content and not for the data that has been used to view this content. This service is available across the Reliance network nationally but for the best experience any 3G handset with 3G data connection is desired.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 161 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About BIGFLIX:

Reliance Group owned, Reliance Entertainment launched India's first online Movie on Demand service BIGFLIX in January, 2012. This allows the user to stream and download a HD catalogue of over 1000 movies at a subscription fee across devices.

BIGFLIX is a user's Personal Blockbuster Theatre, which allows the user to stream and HD Quality content for a subscription fee by logging on www. Bigflix.com. The movie catalogue has movies across different genres (action, comedy, drama, romance, etc) and caters to several Indian languages (Hindi, Telugu, Tamil, Bengali, etc). BIGFLIX+ is apt for today’s net savvy generation. It provides high quality movie viewing experience to the movie buffs in India at the users preferred time sans the advertisements, across pc, tablets and smart phones.

Bigflix is in liaison with major service providers like Airtel , Reliance ,etc. BigFlix app is a very prominent feature on all most all smart devices, be it the Fun book by Micromax or the Sony Xperia Smart phones.

For more information please contact:
Bratin Roy
Reliance Communications Ltd
 
+91 9324868621 (M)
+91 22 303 71413 (D)
bratin.roy@relianceada.com
Reliance Communications launches the most competitive 3G data plans in the country

Reliance Communications launches the most competitive 3G data plans in the country

  • Offers average savings of over 90% per month compared to all other plans available in the market
  • Industry’s first usage-adaptive plan – ‘My Best Plan’ that offers “No Bill Shock” and bills at the lowest rate, irrespective of the customer usage
  • Best plans for all usage segments for Netconnect 3G customers

Mumbai, May 26, 2012:: Reliance Communications, India's fully integrated telecommunications service provider and revenue market leader in mobile broadband with the largest Netconnect mobile broadband footprint in over 1,200 towns, today announced a set of initiatives to make 3G data usage affordable for all usage segments. Netconnect is the most recognized and preferred brand in the mobile broadband space in India.

The new Netconnect 3G data plans now available across all 13 Reliance 3G circles, including Metros (Mumbai, Delhi, Kolkata) offer 1 GB 3G data for Rs. 250 per month and 2 GB of 3G data for Rs. 450 per month.

The My Best Plan is a highly customer friendly with its innovative and usage adaptive feature i.e. it generates the lowest bill for any data usage by the customer. The plan is ideal for a first time user who is not sure of his usage with the key benefit is “No bill shock” by billing upto 6 GB 3G data for Rs. 1250 and unlimited usage at no cost beyond 6 GB of usage.

3G Data Usage Billed amounts (Rs)
Up to 1000 MB 250
Greater than 1000 MB, up to 6000 MB 250 + 20p/MB for usage above 1000 MB
Greater than 6000 MB (Speed throttled) 1250

With this plan, if the customer uses 2.5GB, the customer gets billed for Rs 250 as rental and Rs 300 extra usage (at Rs 0.2/MB for 1.5 GB)—a total bill of Rs 550. On a 1GB plan from any other operator, this customer would have been billed for Rs 250 as rental and Rs 4,500 for extra usage (at Rs 3/MB for 1.5 GB) – a total bill of Rs. 4750. My Best plan will save the customer Rs 4,200 pm on just 2.5 GB usage and saving will be much higher with higher usage.

Reliance has the strongest unlimited 3G data plan portfolio starting at just Rs. 750 pm and is the only operator to offer unlimited 3G data on the prepaid platform.

Announcing the launch of the new 3G tariff plan, Sanjay Behl, Group Head – Brand & Marketing, Reliance Communications Limited said, “We would like our customers to enjoy our superior Reliance 3G network with the best broadband speeds for Internet access and uninterrupted data usage at the most competitive price point across all segments. This will ensure maximum benefits to our valued customers across 333 towns in 13 3G circles.”

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 158 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For more information please contact:
Rohit Khanna Bratin Roy
Reliance Communications Ltd Reliance Communications Ltd
   
+91 9320499499 +91 9324868621 (M)
+91 22 303 71323 (D) +91 22 303 71413 (D)
rohit.k.khanna@relianceada.com bratin.roy@relianceada.com
Reliance Communications introduces new celebrities to its popular celebrity chat service 'Star Talk'

Reliance Communications introduces new celebrities to its popular celebrity chat service 'Star Talk'

  • Virendra Sehwag to be available on 16th May, 2012 from
  • Offers an opportunity to chat with top Indian and Regional Superstars on a regular basis nationally
  • Dial 53031333 or Dial 53031 at Rs. 10 paise per minute to subscribe and select the Celebrity to Chat
  • Priced at a monthly subscription charge of Rs. 10 and an additional celebrity chat charge of Rs. 30 per celebrity

Mumbai, May 16, 2012: Reliance Communications, India's fully integrated telecommunications service provider, today announced the opportunity for Reliance customers to chat with Indian Cricket World Cup wining batting maestro Virendra Sehwag. Reliance Communications introduces new set of celebrities for 'Star Talk' its established celebrity chat service which is a highly successful mobile voice platform service whereby its customers can chat and connect with top Indian stars on a regular basis.

This service is set to get more comprehensive with a refreshed set of celebrity base from the 16th of May, 2012. Having roped in leading and popular stars from various fraternities including Bollywood, Sports, Singing sensations; Reliance now intends to usher in fresh set of celebrities particularly targeting the youth and the die-hard fans of the highly popular celebrities’ across the country.

Commenting on this occasion Mr. Kunal Ramteke, Senior Vice President and Head, Value-Added Services (VAS), Reliance Communications Limited said, "We at Reliance Communications have always believed in offering innovative products and services to Indian customers that fulfill their needs and desires with incredible affordability. The Star Talk service is in line with this principle and we are delighted to offer this service on IVR. For any sports enthusiast, an opportunity to speak to the Indian batting maestro Virendra Sehwag on "Star Talk" would surely be like a dream come true. This will ensure maximum benefits to our valued customers through this celebrity chat service."

The revived format of the service in particular aims to help generate VAS penetration & usage among RCOM customers. To add on to the existing celebrity base of Anil Kapoor, Hritik Roshan, Emran Hashmi, Kangana Ranaut , V.V.S Laxman, Minisha Lamba, and Shweta Tiwari Kumar among others.

The charges to access this service are priced very economically at Rs. 10 per month and an additional charge of Rs. 30 is applicable per celebrity. To activate Reliance "Star Talk" service, customers can now dial 53031333 or 53031 and the charges for this call would be Rs. 10 paise per minute.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 158 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For more information please contact:
Bratin Roy
Reliance Communications Ltd
 
+91 9324868621 (M)
+91 22 303 71413 (D)
bratin.roy@relianceada.com
Reliance Communications to lead the next wave of the mobile internet usage through Android

Reliance Communications to lead the next wave of the mobile internet usage through Android

  • First Indian Telco to exclusively market Android devices in collaboration with Google
  • Offers an attractive data usage plan (Free 1GB per month) for all Android users
  • Rolls out high decibel marketing campaign including TVCs
  • Plans to launch exclusive apps, carrier billing and expert customer care

Mumbai, April 16, 2012: Reliance Communications, India’s fully integrated telecommunications service provider, today announced its plans to exclusively market Android TM* devices in India over its superior network for the next 2 years. Through this strategic collaboration with Google TM*, Reliance Communications will market the Android mobile operating system and Google Mobile Services in order to promote the usage of Android devices in the country.

Reliance Communications, the first telecom operator in the country to collaborate with Google, is committed to devote dedicated resources to accelerate the delivery of superior services, content and applications for Android device users. Reliance Communications will create exclusive data plans and services specifically targeted to promote Android devices on its network. This collaboration will ensure that the data plan is optimized for usage with Android devices; the services offered will help create a distinctive and enhanced experience for existing customers on its network using Android devices along with the promotion of at least one 3G data plan.

In line with other such collaborations in mature markets like USA, Japan and Australia, Google has associated with Reliance Communications to leverage the pan India high quality Reliance network, especially the superior Reliance 3G network along with the fastest growing Android mobile platform to deliver leading-edge mobile applications, services and devices.

Through this collaboration Reliance Communications will offer an exclusive free 1GB usage per month 3G plan to all Android device users. Reliance also plans to introduce expert customer care, carrier billing, exclusive apps and content in addition to the dedicated Android experience zone at Reliance retail outlets across the country. The range of Android Smartphones to work best on the superior Reliance network will come from leading handset manufacturers in the world over the next 2 years.

Announcing this partnership, Mr. Sanjay Behl, Group Head – Brand & Marketing, Reliance Communications Limited said, “In line with the rapid growth of Smartphones in the country, Reliance has collaborated with Google to catapult the change by providing compelling new experience to device users in terms of speed, coverage and app ecosystem across segments. Our collaboration with Google is set to bring in many novelties and unique features for device users on our superior network, complementing the innovation of Android powered services and devices.”

The marketing activities will include Above the Line / Below the Line activities, developing co-branded mobile applications for Android Smartphones and marketing campaigns promoting the Google Mobile Services. Reliance Communications shall continue to work on Android launches and promotional campaigns going forward in the next 2 years.

To reveal the distinctive affiliation between Reliance and Android, Reliance Communications has introduced the Reliance – Android “BLUE BOT” advertisement campaign across various platforms. The campaign showcases the Green Android BOT changing its colour to become the ‘Reliance BLUE BOT’ symbolizing the partnership as ‘Be Blue, it’s Simply Better!!’

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 158 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For more information please contact:
Rohit Khanna Bratin Roy
Reliance Communications Ltd Reliance Communications Ltd
   
+91 9320499499 (M) +91 9324868621 (M)
+91 22 303 71323 (D) +91 22 303 71413 (D)
rohit.k.khanna@relianceada.com bratin.roy@relianceada.com
Reliance Communications expands Application Aware Network service

Reliance Communications expands Application Aware Network service

Accelerates application performance through cutting-edge traffic optimization

  • Increases employee productivity while reducing IT costs
  • Facilitates prioritization of business critical applications
  • Reduces bandwidth utilized
  • Ensures consistent monitoring and optimum utilization of enterprise network

Mumbai; March 21st, 2012: Reliance Communications, India’s leading telecom service provider, today announced the expansion of its Application Aware Network service to India, enabling Indian enterprises to upgrade to an intelligent network that speeds up application performance for increased business efficiency.

Reliance Communications launches this innovative service in partnership with Riverbed. Reliance’s Application Aware Network provides visibility and control of application performance across networks and increases WAN capacity by using cutting-edge traffic optimization technologies. Even with ample bandwidth, applications performances in an enterprise may not be optimal which could impact the ability to undertake business efficiently. Reliance’s Application Aware Network is an intelligent network that upgrades and improves enterprise efficiency.

“As large enterprises need to support a geographically dispersed workforce and a greater number of users and devices accessing applications across their network, the objective is to improve the user experience.” said Mr. Punit Garg, CEO, Global Enterprise Business, Reliance Communications. “With Reliance’s Application Aware Network, enterprises can enjoy improved employee productivity, insights into their WAN and application performance, and reduced IT costs.”

This Next Generation intelligent network delivers maximum WAN value, accelerated application performance, total network visibility and an effective solution for data centre consolidation.

Reliance Communications, with one of the most extensive fibre networks in India totalling 190,000 Kms of intercity backbone with 30,000 kilometers in access or last mil, stands in a unique position to provide diverse and robust network connections for large enterprises. As a managed service, Application Aware Network is a cost-effective and high value service with virtual plug-and-play installation.

Reliance brings to India many years of expertise in providing Application Aware Networking services to large enterprises across the globe. The service is supported by a dedicated global Center of Excellence, staffed by certified application analysts, experienced through supporting Global customers.

Reliance Application Aware Network service eliminates enterprises’ concerns about technology obsolescence, system upgrades and ongoing cost of manpower to manage complex network infrastructure. Reliance’s fully managed, 24x7 service offering allows customer to focus on core business whilst Reliance focuses on delivering the highest levels of service.

“Over the past 18 months, Riverbed has witnessed substantial growth in the number of our clients who look to Service Providers to provide WAN optimisation and acceleration as part of a managed service, bundled with other network oriented services” said John Shoop, VP Global Service Providers and System Integrators, Riverbed. “Reliance’s entry to this market is well timed”.

About Reliance Communications
Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion) and a net profit of Rs. 3,600 crore (US$ 0.8 billion). Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company, with a customer base of over 158 million including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by the number of customers in a single country. Reliance Communications corporate clientele list includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometres of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region. To find out more, please visit www.rcom.co.in

For more information please contact:
Rohit Khanna Bratin Roy
Reliance Communications Ltd Reliance Communications Ltd
   
+91 9320499499 (M) +91 9324868621 (M)
+91 22 303 71323 (D) +91 22 303 71413 (D)
rohit.k.khanna@relianceada.com bratin.roy@relianceada.com
Reliance Communications launches India’s first CDMA Tablet

Reliance Communications launches India’s first CDMA Tablet

First Telco to introduce CDMA Tab in the country

  • The first CDMA Android Tablet from an Indian Telco
  • Priced attractively at Rs. 12,999/ -
  • Works on Reliance High Speed Data CDMA network in over 1000 towns
  • Supports up to 32 GB of content storage
  • Available in Reliance World stores, Reliance Mobile outlets and across all retail channels
  • Comes preloaded with applications such as Documents To Go, Facebook, YouTube, Gmail, BigFlix for movies on demand, and Tango for video chat

MUMBAI, 12th March, 2012: Reliance Communications, India's fully integrated telecommunications service provider, today became the first CDMA operator in India to enter the Tablet space by unveiling its ‘Reliance CDMA Tab’, a fully loaded Android tablet. With this launch, Reliance also emerges as the first telecom operator in India to offer Tablets on both the 3G and CDMA networks further strengthening its leadership position.

The stylish Reliance CDMA Tab comes with a 7-inch capacitive touch screen with Android 2.3 OS. Loaded with 512 MB RAM and a micro SD external storage, it is sure to appeal a large segment of value conscious Indian consumers, just as the Reliance 3G Tab did last year. The light weight (397g) Reliance CDMA Tab comes with a 2.0 MP rear camera and a front camera, among other key features, catering to both business users as well as the youth segment. The Reliance CDMA Tab is supported by Reliance’s CDMA network across 22 circles in over 1000 towns in the country. The device is priced attractively at Rs. 12,999 and is further bundled with attractive monthly and annual data plans. To further enhance its value proposition, Reliance Communications is offering a 1 year free subscription on McAfee Mobile Security, 2 months free subscription on BigFlix+, and Rs. 250 worth of calling on Reliance Global Call, all together valued at Rs. 2,100.

Reliance CDMA Tab is an amazing multi-tasking device with a 7-inch form factor for Internet, email on-the-go, social networking, video streaming, and gaming. For business users, the Reliance CDMA Tab provides a user-friendly email experience with push email capability and is bundled with ‘Documents To Go’ that supports Microsoft Excel, Word, PowerPoint and PDF formats. Other features include Mobile TV, voice calling, GPS and video recording.

Announcing the launch of Reliance CDMA Tab, Mr. Sanjay Behl, Group Head – Brand & Marketing, Reliance Communications Limited, said “Having redefined the Tab market in the country last year with the launch and roaring success of Reliance 3G Tab, we are now yet again the first to introduce the country’s first CDMA Tab. With the rapid increase in data consumption in India and with Reliance’s superior HSD Network in over 1000 towns, the launch of the Reliance CDMA Tab is another step to carry forward our mission of Wirefree India.”

Reliance CDMA Tab is pre-loaded with 15 most popular applications to provide information services (browsing, navigation maps and search), communication services (email, blog, SMS, and MMS), entertainment services (music, video, and games), and social networking services (Facebook) and access to thousands of applications provided through the Android Market.

Supporting the launch, a 24X7 customer care will be made available to the customers for all technical assistance. Reliance CDMA Tab is attractively priced at Rs. 12,999 and comes with attractive plans providing data and voice benefits. The Reliance CDMA Tab comes with a free 4GB SD card, which can be upgraded to 32 GB.

The Reliance CDMA Tab is available with attractive postpaid plans offering discounts of upto 40% on the regular rates. All the plans will come with default voice tariff plan of 50p per min for all intra and inter circle calls and 50p for local and national SMS.

Postpaid Super Value Combo Offer (Annual)
Free Data Usage / Month
1GB
2GB
5GB
Reliance CDMA Tab Price (Rs.) 12999 12999 12999
Regular Annual Advance Rental (Rs.) 6201 7401 11589
Discounted Annual Advance Rental (Rs.) 4500 5500 7000
Combo Price for a Year (Rs.) 17499 18499 19999
You Save (Rs.) 1701 1901 4589
You Save % 27% 26% 40%


Postpaid: Super Value Combo Offer (Monthly)
Free Data Usage / Month
2GB
5GB
10GB
15GB
Regular Rental per month (Rs.) 750 1099 1250 1750
Discounted Rental per month (Rs.) 598 750 950 1200
You Save (Rs.) 152 349 300 550
You Save % 20% 32% 24% 31%

About Reliance Communications
Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 158 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Rohit Khanna Bratin Roy
Reliance Communications Ltd Reliance Communications Ltd
   
+91 9320499499 (M) +91 9324868621 (M)
+91 22 303 71323 (D) +91 22 303 71413 (D)
rohit.k.khanna@relianceada.com bratin.roy@relianceada.com
Reliance Communications paid redemption amount of US $ 1,182 Mn in advance to redeem outstanding FCCBs

Reliance Communications paid redemption amount of US $ 1,182 Mn in advance to redeem outstanding FCCBs

Mumbai, February 29, 2012: Reliance Communications, India’s largest integrated telecom service provider, has made payment of US $ 1,182 Mn. (Rs.5,825 crore at the US$ exchange rate of Rs.49.30) to make the largest ever redemption of all the outstanding Foreign Currency Convertible Bonds (FCCBs) from the US$ 1,000 million issued in February, 2007 and due on March, 01, 2012. Redemption amount is inclusive of the premium of 27.69%.

The Company has made payment to the Principal Agent of FCCB – Deutsche Bank AG, London Branch.

The paid up equity capital of the Company will remain unchanged post redemption of these FCCBs. Accordingly, Reliance Communications will be not required to allot 6,17,25,849 equity shares of Rs.5 each arising out of the potential conversion of said FCCBs.

About Reliance Communications Limited:

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.8 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 158 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. Reliance Communications corporate clientele includes 35,000 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications Ltd signs definitive final Agreements with Industrial and Commercial Bank of China Ltd. (ICBC)

Reliance Communications Ltd signs definitive final Agreements with Industrial and Commercial Bank of China Ltd. (ICBC), China Development Bank Corporation (CDB) and Export Import Bank of China (EXIM) for Refinancing of its outstanding Foreign Currency Convertible Bonds (FCCBs)

Outstanding FCCBs of US$ 1.18 Billion (approx. Rs. 5,825 crore) will be redeemed on due date of March 1, 2012 RCOM to benefit from extended Loan Maturity of 7 years Refinancing at attractive interest cost of about 5% Largest refinancing in history of FCCBs by any Indian Corporate

Mumbai; February 22, 2012: Reliance Communications Limited (RCOM) today signed final definitive agreements with ICBC, CDB and EXIM towards the refinancing of its outstanding FCCBs (Foreign Currency Convertible Bonds).

Mr. Anil D. Ambani, Chairman, RCOM was personally present in Beijing on the occasion, and also met with Mr. Jiang Jianqing, Chairman, ICBC yesterday.

The FCCBs of US$ 1,182 million (approximately Rs. 5,825 crore at the prevailing US$ exchange rate of Rs. 49.30) will be redeemed on March 1, 2012, the due date.

RCOM will benefit from extended Loan Maturity of 7 years, and attractive interest cost of about 5%.

This is the largest refinancing in the history of FCCBs by any Indian Corporate.

About Reliance Communications Limited:

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.8 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 158 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. Reliance Communications corporate clientele includes 35,000 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications rated as one of the best Indian companies to work for by ‘Business Today’

Reliance Communications rated as one of the best Indian companies to work for by ‘Business Today’

Rated as the 6th best employer in the country
  • The best telecom company to work with in the country
  • The only telecom company to be featured in the Top 15 list
  • HR policies and processes amongst the best in the country
  • Ranking done by Business Today in association with Indicus Consultancy and PeopleStrong

MUMBAI, 17th February 2012: Reliance Communications (RCOM) has been ranked 6th in the 11th edition of Business Today’s ‘Best Companies to Work for in India’ through a survey that the leading business magazine of the country conducted in association with Indicus Consultancy and PeopleStrong. Reliance Communications has been featured as the only telecom company in the list of top 15 employers for the year 2011.

The extensive survey done by Business Today that covered more than 4436 companies, across 323 cities in the country, has resulted in a verdict to put Reliance Communications in the forefront of the telecom sector; as a People Friendly organization with best HR practices and process on many parameters.

Commenting on the verdict, Mr. Rajan Dutta President-Corporate HR, Reliance Communications said, “It is a great honor to be ranked amongst the top 10 companies to work for in India by Business Today magazine and we are rated as the No.1 company to work for in Telecom and Allied Services space. With over 40,000 employees globally, findings highlight the efforts that have gone into creating a preferred employer brand over the years and we continuously work to strengthen our position going forward.”

The 11th annual survey was conducted by Business Today Magazine, in association with Indicus Analytics and PeopleStrong wherein they covered more than 6100 respondents across 4436 companies from 323 towns and cities across the country. In this national survey, 12% of the total respondents were women, while 27% of the respondents were 24 years old or below, 36% accounted for above 30 years old and 60% of the total respondents were sole earners in their families.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 158 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For more information, please contact:
Rohit Khanna Bratin Roy
Reliance Communications Ltd Reliance Communications Ltd
   
+91 9320499499 (M) +91 9324868621 (M)
+91 22 303 71323 (D) +91 22 303 71413 (D)
rohit.k.khanna@relianceada.com bratin.roy@relianceada.com
RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES ITS FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2011

RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES ITS FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2011

STABILITY IN REVENUES & OPERATING PROFIT FOR PAST 8 CONSECUTIVE QUARTERS

RCOM TOTAL REVENUES AT RS. 5,052 CRORE AGAINST RS. 5,040 CRORE IN THE PREVIOUS QUARTER

EBITDA AT RS. 1,611 CRORE, UP BY 0.4% AGAINST RS. 1,605 CRORE IN THE PREVIOUS QUARTER

EBITDA MARGIN OF 31.9% AMONGST THE HIGHEST IN THE INDUSTRY PAT AT RS. 186 CRORE

WIRELESS REVENUES AT RS. 4,447 CRORE, UP 0.7% AGAINST RS. 4,417 CRORE IN THE PREVIOUS QUARTER

WIRELESS EBITDA AT RS. 1,182 CRORE, UP 0.5% AGAINST RS. 1,176 CRORE IN THE PREVIOUS QUARTER

WIRELESS MINUTES OF USAGE INCREASED BY 1.0% FROM 98.9 BILLION TO 99.9 BILLION AS COMPARED TO THE PREVIOUS QUARTER

CUSTOMER BASE AT 150.1 MILLION, UP 2.0% AGAINST 147.1 MILLION IN THE PREVIOU QUARTER

3G ACTIVE CUSTOMERS AT 2.8 MILLION, HIGHEST IN THE INDUSTRY

REVENUE PER MINUTE 45 PAISE/MIN, AMONGST HIGHEST IN THE INDUSTRY AND STABLE FOR THE LAST EIGHT CONSECUTIVE QUARTERS

GLOBAL ENTERPRISE BUSINESS UNIT (GEBU) EBITDA REPRESENTS 35% OF CONSOLIDATED EBITDA, MAINTAINING STEADY PERFORMANCE

RCOM TIES UP REFINANCING FOR REDEMPTION OF OUTSTANDING FCCBS OF USD 1.18 BN. THIS IS THE LARGEST REFINANCING IN THE HISTORY OF FCCBS BY ANY INDIAN CORPORATE

RCOM'S LICENSES ARE NOT COVERED BY THE SUPREME COURT JUDGMENT PRONOUNCED LAST WEEK. RCOM'S LICENSES WERE ALL ISSUED IN 2001 OR PRIOR

Mumbai, February 10, 2012:Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended December 31, 2011.

Highlights of the financial performance for the year are:

  • Total revenue at Rs. 5,052 crore (US$ 951 million)
  • EBITDA at Rs. 1,611 crore (US$ 303 million), EBITDA margin at 31.9%, amongst the highest in the industry, with strong contribution from both Wireless and GEBU businesses.
  • Net Profit of Rs. 186 crore (US$ 35 million)
KEY HIGHLIGHTS:
  • Consolidated Revenue & EBITDA: RCOM total revenues at Rs. 5,052 crore against Rs. 5,040 crore in the previous quarter. EBIDTA at Rs. 1,611 crore, with EBITDA margin of 31.9% amongst the highest in the industry. Clear focus on profitable businesses, now delivering consistent EBITDA margins in the industry.
  • Wireless Revenue & EBITDA: Wireless revenue at Rs. 4,447 cr., up by 0.7% against Rs. 4,417 cr in the previous quarter. Wireless EBIDTA at Rs. 1,182 crore, up by 0.5% as compared to Rs. 1,176 crore in previous quarter. Focus on ‘Quality of Operations’ continues through driving quality of customers, minutes and portfolio.
  • RPM: RPM at 45 Paise/min; amongst the highest in the industry and stable for the last 8 consecutive quarters
  • Global Enterprise (GEBU) Revenue & EBITDA: Revenues at Rs. 2,352 crore, up by 0.7% against Rs. 2,335 crore in the previous quarter. EBIDTA stable at Rs. 569 crore. EBITDA margin stands at 24.2%.
  • RCOM continues to be free cash flow positive. RCOM generated operational cash flow (EBITDA) of Rs. 1,611 crore in this quarter. Post payment of 3G auction fees and with peak capex behind us, this is the first full year of positive free cash flow (FCF) for the company and this trend will continue in succeeding years.
  • RCOM ties up refinancing for redemption of outstanding FCCBs of USD 1.18 bn: Reliance Communications Limited (RCOM) has tied up refinancing for maturity value of its outstanding FCCBs (Foreign Currency Convertible Bonds) of USD 1,182 million. The refinancing is being funded by ICBC, CDB and EXIM and other banks. RCOM will benefit from extended Loan Maturity of 7 years and attractive interest cost of about 5%. The loan proceeds would be used for refinancing the entire redemption amount of Foreign Currency Convertible Bonds (FCCB) which are due for redemption on March 01, 2012.
  • Last week, honourable Supreme Court pronounced its judgement cancelling 122 licenses issued after 10th January, 2008. RCOM’s licenses are not covered by this judgement as they were all issued in 2001 or prior.
About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 158 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary
Particulars  3 months ended 30/9/11 3 months ended 31/12/11 Increase / (Decrease)
Turnover      
Wireless 4,417 4,447 0.7%
Global Enterprise 2,335 2,352 0.7%
Diversified 283 229 -19.1%
Total (post eliminations) 5,040 5,052 0.2%
       
EBITDA      
Wireless 1,176 1,182 0.5%
GEBU 569 569 0.0%
Diversified -139 -138 0.7%
Total (post eliminations) 1,605 1,611 0.4%
       
EBITDA margin 32.4% 31.8% -60 bps
       
Depreciation 1,054 978 -7.2%
Financial Charges (net) 227 378 66.5%
PBT 323 255 -21.1%
Tax 1 14 1300.0%
PAT (before minority interest) 322 241 -25.2%
Share of minority interest 70 55 -21.4%
PAT (after minority interest) 252 186 -26.2%
Reliance Communications Ltd (RCom) ties up refinancing for redemption of outstanding FCCBs of USD 1.18 Billion (Rs 6125 Crs)

Reliance Communications Ltd (RCom) ties up refinancing for redemption of outstanding FCCBs of USD 1.18 Billion (Rs 6125 Crs)

FCCB Redemption due on March 01, 2012

Industrial and Commercial Bank of China Ltd (ICBC), China Development Bank Corporation (CDB) and Export Import Bank of China (EXIM) and other banks to provide the entire refinancing

RCOM to benefit from extended Loan Maturity of 7 years

Refinancing at attractive interest cost of about 5%

Mumbai; January 17, 2012: Reliance Communications Limited (RCOM) has tied up refinancing for maturity value of its outstanding FCCBs (Foreign Currency Convertible Bonds) of USD 1182 million (Equivalent Rs 6125 Crs @ USD = 51.82 INR).

The refinancing is being funded by ICBC, CDB and EXIM and other banks. RCOM will benefit from extended Loan Maturity of 7 years and attractive interest cost of about 5%.

The loan proceeds would be used for refinancing the entire redemption amount of Foreign Currency Convertible Bonds (FCCB) which are due for redemption on March 01, 2012.

This is the largest refinancing in the history of FCCBs by any Indian Corporate.

About Reliance Communications Limited:

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.8 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 156 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. Reliance Communications corporate clientele includes 35,000 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance 3G Tab celebrates success with great offers for the New Year

Reliance 3G Tab celebrates success with great offers for the New Year

Enhances its value proposition with exciting new bundled packages
  • Free International voice calls to over 230 countries
  • 500 MB free data usage every month for 3 months
  • 2 month free subscription for Movies and Videos download on BigFlix+

Mumbai, January 16, 2012: Embracing the roaring success of the Reliance 3G Tab, Reliance Communications, India’s fully integrated telecommunications service provider, today announced three bundled offers to further enhance value and customer experience for its customers. The new offers include a 500 MB data usage free per month for 3 months, a 2 month full subscription pack from BigFlix+ and free international calls through Reliance Global Call.

Having won accolades and received rave reviews from customers, the Reliance 3G Tab took the market by storm with its aggressive price of Rs. 12,999 for a fully loaded tablet bundled with attractive data plans. With these new offers, Reliance Communications is set to further enhance the value proposition.

Commenting on this accomplishment and new offerings, Mr. Sanjay Behl, Group Head-Brand & Marketing, Reliance Communications, said “Witnessing an explosive growth in the Tab market, Reliance 3G Tab has hit the sweet spot with a terrific combination of a fully loaded Tablet and a seamless IP enabled 3G network leading to an unmatched customer experience. We would like to further enhance this experience by extending exciting offers to our customers in the New Year, celebrating our success in the Tablet segment.”

The Reliance 3G Tab comes with a 7-inch capacitive touch screen with Android 2.3 OS. Bundled with attractive data plans, the sleek and light weight (389g) tablet with dual camera is a unique and compelling proposition in the Indian tablet market and has found wide appeal among the Indian consumers. The Reliance 3G Tab is pre-loaded with 15 most popular applications to provide information services (browsing, navigation maps and search), communication services (email, blog, SMS, and MMS), entertainment services (music, video, and games), and social networking services (Facebook, Twitter, and Orkut) and access to thousands of applications provided through the Android Market.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 154 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global,regional and domestic carriers.Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice,data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA,Europe, Middle East and the Asia Pacific region.

For more information, please contact:
Bratin Roy Sporshita Goswami
Reliance Communications Ltd Reliance Communications Ltd
   
+91 9324868621 (M) +91 9320882555 (M)
+91 22 303 71413 (D) +91 22 303 71345 (D)
bratin.roy@relianceada.com sporshita.goswami@relianceada.com
Reliance Communications launches ‘Mera Pack Rs.197’ The lowest local call rate pack in Maharashtra

Reliance Communications launches ‘Mera Pack Rs.197’ The lowest local call rate pack in Maharashtra

  • Enjoy 2700 minutes of local calls
  • Offer available to both GSM and CDMA prepaid customers
  • Pack valid for a period of 30 days

Maharashtra, December 14, 2011: Reliance Communications, India's fully integrated telecommunications service provider today launched the most cost effective local pack in Maharashtra called the ‘Mera Pack Rs 197’. This value for money pack offers 2700 minutes of local calls and promises to meet the unmet demands of high local call users.

‘Mera Pack Rs 197’ offers 2000 minutes of local calls within the Reliance Network and 700 local minutes to any other network for just Rs 197. The customer can do multiple recharges of the pack and accumulate the minutes to his balance. This is the most competitive local offer pack in the industry today and the minutes are valid for a period of 30 days.

Reliance Communications is the only telecom service provider that offers local calls for as low as Rs.0.07 per minute through this pack.

Commenting on this launch Mr. Nilanjan Mukherjee, Head-Product & Services Group - Wireless Business, Reliance Communications said, “We believe that value proposition and quality of service are the key differentiators in this highly competitive industry. With the launch of ‘Mera Pack’ - a unique value based product, we are confident that customers will enjoy phenomenally low local call rates across networks. As we embark on new territories, we plan to introduce superior products for customers across the CDMA and GSM platform.”

Reliance Communications has always been a pioneer in innovating and re-inventing the telecom ecosystem in the country. The launch of this product is in line with the commitment that Reliance Communications has towards providing value for money products to customers across India. The company is involved in various customer engagement programs and also undertakes corporate social responsibility on a large scale.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 154 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global,regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice,data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA,Europe, Middle East and the Asia Pacific region.

For more information, please contact:
Rohit Khanna
VP, Corporate Communications
Reliance Communications Ltd
+91 9320499499 (M)
+91 22 303 71323 (D)
rohit.k.khanna@relianceada.com

Reliance Communications further strengthens its Leadership Bandwidth

Reliance Communications further strengthens its Leadership Bandwidth

MUMBAI, Maharashtra 14th November 2011 - Reliance Communications has further enhanced its Leadership by inducting Shamik Das, CEO of S Tel Private Limited. Shamik will be the Joint President & Chief Operating Officer of RCom’s Wireless Business. As a key member in the Leadership Team, Shamik will also be a member of the Wireless Management Board.

Shamik’s expertise in strategic planning & execution, operational management, Collaboration & Partnership, Supply Chain will enable RCOM to maximize its competitive advantage in the Indian Telecom Markets.

Shamik has earlier worked in senior level positions in Airtel, where he was the CEO of Airtel South Regions, Group CFO & Chief Supply Chain for Airtel’s Mobile & Infotel Business.

In his new role as COO, Shamik will report to Syed Safawi, President Wireless Business.

Shamik is a Chartered Accountant and has over 24 years of rich experience in sectors like Telecom, Engineering, Global Media and Education.

RCOM’s presence in both CDMA & GSM Platforms as well as extensive investments in cutting edge technologies including Wimax & 3G makes it a serious contender to deliver high value products & services in its journey towards 200 million customers.

Over the past few months, RCOM has consistently increased its intellectual capital & managerial bandwidth. Rory Cole (Verizon), Gopi Gopinath (AT&T), Terry Coutinho (Vodafone), Kaushik Pillalamarri (Verizon) have joined RCOM in the last 6 months.

About Reliance Communications Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For more information, please contact:
Rohit Khanna Bratin Roy
Reliance Communications Ltd Reliance Communications Ltd
   
+91 9320499499 (M) +91 9324868621 (M)
+91 22 303 71323 (D) +91 22 303 71413 (D)
rohit.k.khanna@relianceada.com bratin.roy@relianceada.com
RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES ITS FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2011

RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES ITS FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2011

RCOM TOTAL REVENUES AT RS. 5,040 CRORE, UP 2.0% AGAINST RS. 4,940 CRORE IN THE PREVIOUS QUARTER

EBITDA AT RS. 1,605 CRORE WITH EBITDA MARGIN OF 31.8% AMONGST THE HIGHEST IN THE INDUSTRY

PAT AT RS. 252 CRORE, UP 60.5% AGAINST RS. 157 CRORE IN THE PREVIOUS QUARTER

WIRELESS REVENUE AT RS. 4,417 CRORE, UP 2.1% AGAINST RS 4,327 CRORE IN THE PREVIOUS QUARTER

WIRELESS REVENUE DRIVEN BY GROWTH OF PAID MINUTES AND STRONG GROWTH IN NON VOICE / DATA BUSINESS

WIRELESS EBITDA AT RS. 1,176 CRORE, UP 0.2% AGAINST RS 1,173 CRORE IN THE PREVIOUS QUARTER

WIRELESS MINUTES OF USAGE INCREASED FROM 97.3 BILLION TO 98.9 BILLION AS COMPARED TO THE PREVIOUS QUARTER

ACHIEVED HIGHEST TOTAL MINUTES (MOU) GROWTH OF 1.6% (Q-O-Q) IN THE INDUSTRY

REVENUE PER MINUTE GREW 0.5% (Q-O-Q) TO 45 PAISE/MIN, AMONGST HIGHEST IN THE INDUSTRY AND STABLE FOR THE LAST SEVEN CONSECUTIVE QUARTERS

CUSTOMER BASE AT 147 MILLION, UP 2.7% AGAINST 143 MILLION IN THE PREVIOUS QUARTER

3G ACTIVE CUSTOMERS AT 2.1 MILLION, HIGHEST IN THE INDUSTRY

GLOBAL ENTERPRISE BUSINESS UNIT (GEBU) EBITDA REPRESENTS 35% OF CONSOLIDATED EBITDA, MAINTAINING STEADY PERFORMANCE

Mumbai, November 12, 2011: Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended September 30, 2011.

Highlights of the financial performance for the year are:

  • Total revenue at Rs. 5,040 crore (US$ 1,029 million)
  • EBITDA at Rs. 1,605 crore (US$ 328 million), EBITDA margin at 31.8%, amongst the highest in the industry, with strong contribution from both Wireless and GEBU businesses.
  • Net Profit of Rs. 252 crore (US$ 51 million)
KEY HIGHLIGHTS:
  • Consolidated Revenue & EBITDA: RCOM total revenues at Rs. 5,040 crore, up by 2.0% against Rs. 4,940 crore in the previous quarter. Growth led by both Wireless and Global Enterprise (GEBU) business segments. EBIDTA at Rs. 1,605 crore, with EBITDA margin of 31.8% amongst the highest in the industry. Clear focus on profitable businesses, now delivering consistent EBITDA margins in the industry.
  • Wireless Revenue & EBITDA: Third consecutive quarter of consumption led revenue growth in the wireless business. Wireless EBIDTA at Rs. 1,176 crore, up by 0.2% as compared to Rs. 1,173 crore in previous quarter. Focus on ‘Quality of Operations’ continues through driving quality of customers, minutes and portfolio.
  • RPM: RPM grew 0.5% Q-o-Q to 45 Paise/min; amongst the highest in the industry and stable for the last 7 consecutive quarters
  • In a seasonally weak quarter, achieved highest total minutes growth of 1.6%. Total minutes increased from 97.3 billion to 98.9 billion.
  • Global Enterprise (GEBU) Revenue & EBITDA: Revenues at Rs. 2,335 crore, up by 1.9% against Rs. 2,292 crore in the previous quarter. Growth led by higher sales in Middle East in Carrier segment and India Enterprise business. EBIDTA at Rs. 569 crore, up by 0.9% as compared to Rs. 564 crore in previous quarter. EBITDA margin stands at 24.4%.
  • RCOM continues to be free cash flow positive. RCOM generated operational cash flow (EBITDA) of Rs. 1,605 crore in this quarter. Post payment of 3G auction fees and with peak capex behind us, this is the first full year of positive free cash flow (FCF) for the company and this trend will continue in succeeding years.
  • Reliance Communications bags the largest order for outsourced Data Centre facility in India for Rs.1,400 crore: RCOM has signed a deal for building and maintaining a world class data center for one of the largest and most reputed companies in the financial sector, HDFC Bank. The deal is the largest outsourced deal in this sector and would span a period of 15 years. The Data Center will house equipment possessing highest computing power in the industry in India today. This will require special engineering expertise to manage and minimize the consumption of power.
    Reliance is proposing to build a new facility, creating space of over 350,000 sq ft. The phase I of 100,000 sq ft will be ready in 12 months and complete Data Centre would be ready in 24 months. This will also become the new Cloud Computing Centre, since the Cloud Computing market is expected to grow to Rs.7,000 crore in India by 2015.
  • Reliance Globalcom adds 400 GB of capacity on Europe–Gulf Route: Reliance Globalcom (RGCOM), the Global telecommunications services arm of Reliance Communications, announced commercial launch of the upgraded capacity on Flag Europe Asia (FEA) and FALCON Cable Systems to over 500 GB. The 400% upgrade in the undersea FEA cable system capacity would usher in a bandwidth revolution on the emerging world’s highest traffic route connecting Europe, Middle East, Asia and Far East; at the same time address bandwidth needs on this route in the years to come. The UK to Middle East route further connecting to India, Japan, Hong Kong, Singapore and China on the eastward side and to North Americas on the westward side are the fastest growing bandwidth routes in the world. The Flag Europe Asia Cable Seamlessly integrates with FALCON Cable System connecting 23 countries at 35 Landing points. RGCOM’s global coverage spans across 230 countries across the globe connecting 6 continents on its owned and hybrid network offering wholesale bandwidth, Managed Services, Cloud Computing services.
About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.3 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 154 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. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary
Particulars  3 months ended 30/6/11 3 months ended 30/9/11 Increase / (Decrease)
Turnover      
Wireless 4,327 4,417 2.1%
Global Enterprise 2,292 2,335 1.9%
Diversified 278 283 1.8%
Total (post eliminations) 4,940 5,040 2.0%
       
EBITDA      
Wireless 1,173 1,176 0.2%
GEBU 564 569 0.9%
Diversified -128 -139 -8.6%
Total (post eliminations) 1,602 1,605 0.2%
       
EBITDA margin 32.4% 31.8% -60 bps
       
Depreciation 976 1,054 8.0%
Financial Charges (net) 405 227 -43.9%
PBT 220 323 46.8%
Tax -2 1 -150.0%
PAT (before minority interest) 222 322 45.0%
Share of minority interest 65 70 7.7%
PAT (after minority interest) 157 252 60.5%
Reliance Communications Announces Data Plans for iPad 2 with Wi-Fi + 3G in India

Reliance Communications Announces Data Plans for iPad 2 with Wi-Fi + 3G in India

Mumbai –Tuesday July 19, 2011 - Reliance Communications, today announced it is offering dedicated data plans for iPad 2 with Wi-Fi + 3G in India. All data plans are available without a contract, providing the freedom to activate or cancel a plan at any time.

iPad 2 features an entirely new design that is 33 percent thinner and up to 15 percent lighter than the original iPad, while maintaining the same stunning 9.7-inch LED-backlit LCD screen. iPad 2 features Apple's new dual-core A5 processor for blazing fast performance and stunning graphics and now includes two cameras, a front-facing VGA camera for FaceTime and Photo Booth, and a rear-facing camera that captures 720p HD video, bringing the innovative FaceTime feature to iPad users for the first time. Though it is thinner, lighter, faster and packed with new features, iPad 2 still delivers the up to 10 hours of battery life* users have come to expect.

"We are extremely happy to offer iPad users transparent and simple data plans for fast and seamless network connectivity," said Mr. Sanjay Behl, head of Brand & Marketing, Reliance Communications. "Our customer centric data plans for iPad allow us to continue to set standards of excellence for high quality products and services across all areas of our operation."

For further information on iPad 2 data plans please visit www.rcom.co.in/3G.
For more information about iPad please visit www.apple.com/ipad.
*Battery life depends on device settings, usage and other factors. Actual results vary.

About Reliance Communications:

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 142 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations,and over 800 global, regional and domestic carriers. Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RCOM draws second tranche of Rs. 1,780 crore (US$ 400 Million) from China Development Bank

Reliance Communications draws second tranche of Rs. 1,780 crore (US$ 400 Million) from China
Development Bank underwritten facility of Rs. 8,700 crore (US$ 1.93 Billion)

  • Total draw down of Rs. 4,780 crore (US$ 1.06 Billion) so far
  • Drawn down amount to be used to refinance higher cost Short Term Rupee Debt
  • Loan to refinance 3G spectrum Auction
  • Annual projected interest cost savings of over Rs. 500 crore per year
  • RCOM to benefit from extended Loan Maturity of 10 years and substantial interest cost savings

Mumbai, May 12, 2011: Reliance Communications Limited (RCOM) has today drawn down second tranche of Rs.1,780 crore (US$ 400 Million) towards refinancing of 3G spectrum fees out of the Rs. 8,700 crore (US$ 1.93 Billion) facility signed with China Development Bank (CDB) on March 9, 2011.

The facility includes Rs. 6,000 crore (US$ 1.33 Billion) for refinancing 3G spectrum fee payment by RCOM and Rs. 2,700 crore (US$ 600 Million) for equipment imports from Chinese Vendors. The first tranche of Rs. 3,000 crore (US$ 665 Million) was drawn down on 17th March 2011. With this drawl, RCOM has already drawn Rs. 4,780 crore (US$ 1.06 Billion) towards refinancing of 3G spectrum fees and the last tranche is expected to be drawn very shortly.

The drawn down amount will be used to refinance RCOM's short term rupee borrowings resulting in substantial savings in its interest cost apart from extending RCOM's debt maturity profile.
The loan facility which is fully underwritten by CDB, and is being funded by a syndicate of Chinese Banks/ Financial Institutions including CDB.

This represents the first and largest ever Syndicated Loan for refinancing Spectrum Fees by any telecom company.

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

About Reliance Communications

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 138 billion 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RCOM Launches New Facebook® Mobile App for Feature Phones

Reliance Communications Launches New Facebook® Mobile App for Feature Phones

Reliance Communications signs agreement with Facebook in India

Mumbai, Mar 23, 2011: Reliance and Facebook today announced the launch of a new Facebook mobile app exclusively available for Reliance subscribers in India for a 3 month period. The new Facebook app for Java-powered feature phones will be made available for most of the popular handset models in India. Reliance customers who are also Facebook users can now stay connected on their mobile phones without having to upgrade to a smartphone. Reliance will be the first and only operator in India to offer this app. Reliance is providing a special promotional offer where all users can enjoy this app free for three months without incurring any data charges.

The Facebook app provides a 'smartphone like' experience on feature phones. It brings most of the popular features and user experience already deployed on Facebook mobile app for smartphones to, and is optimized for speed and performance on the Reliance Communications network. It includes several new and unique features that enable people to stay connected through Facebook including:

  • Viewing photos from your mobile phone
  • Synchronizing your local address book contacts with your Facebook friends
  • Facebook login to third party services within the app, such as news, sports, games, and weather

The new Facebook app is optimized to use as little data as possible while still providing a great user experience thus making it much cheaper for regular users. The app will be available for Reliance Communications customers to download without incurring any data charges from RWorld on their Reliance phones by typing - http://wap.rworld.co.in.

“This agreement between Reliance Communications and Facebook will unleash the real power of Social Networking in India. This tie-up will enable anytime anywhere access to Facebook from almost every popular handset model currently available in India”, said Prashant Gokarn, 3G Business Head, Reliance Communications. “Our mobile network spanning 24000 towns and 6 Lakh villages serving 97% of Indian population will also promote access to popular social networking platforms across the length and breadth of the country”, he added.

"We are always looking to work with innovative operators on ways to enable people to easily access Facebook wherever they are," said Henri Moissinac, Head of Mobile Business, Facebook. "Through our collaboration with Reliance Communications, we're thrilled to offer yet another way for people to stay connected with their friends and family through Facebook and bring a high quality and high speed mobile app experience to feature phones in an affordable way."

About Facebook

Founded in February 2004, Facebook's mission is to give people the power to share and make the world more open and connected. Anyone can sign up for Facebook and interact with the people they know in a trusted environment. Facebook is a privately held company and is headquartered in Palo Alto, Calif.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 132 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Facebook® is a registered trademark of Facebook Inc.

RCOM set to boost digital economy

Reliance Communications set to boost digital economy

  • Get your own website with India's Superfast Internet.
  • Create your web presence in just a few clicks
  • Presents exclusive opportunity for entrepreneurs to reach out to newer customer segments
  • Enters into exclusive partnership with BigRock

Mumbai, March 22, 2011: In a significant move towards its vision of fostering the digital economy and encouraging entrepreneurship, Reliance Communications (BSE: RCOM), India's largest integrated telecom operator today announced the launch of free website package for all its Netconnect users.

The website package includes a domain name of user's choice, a user-friendly website builder with hosting and 10 business email accounts at the chosen domain name. SMEs, SEPs and individuals can now have their own website and attract newer customers even though they might not have the technical know-how or resources to create and host one.

India is among the most underpenetrated and underserved countries in terms of websites per person online. The total number of websites in the world today stands at 8 Crore and in comparison websites owned by Indians are just 8 lakh. Broadly speaking merely 1% websites are owned by Indians. As per industry reports, the number of internet users in India stands at 8.1 Crore and by 2013 India will be the third largest country behind only to the US and China. Today roughly 1 in 25 internet users worldwide own a website, while in India only 1 in 100 internet users own a website. This disparity has significantly affected Indian entrepreneurs, and has become a bottleneck to their growth.

In its endeavour to promote the internet usage and website ownership among Indians, the company has entered into an exclusive partnership with BigRock. BigRock will enable Reliance Netconnect users to establish and grow their online presence; build their own websites from scratch using a very intuitive- but powerful- feature rich, and user friendly website builder package. A complete suite of products allow businesses to run a professional website without the hassles of having to deal with multiple vendors. These feature rich & social media ready websites will help them reach out to newer segments of customers and compete at a global level. It also provides easy control to modify and update the website as and when required. Furthermore, user is assisted by a strong customer service setup, available through phone or chat.

This offer will empower SMEs and SOHOs promote their business at no cost. Their clients can visit the website, surf the products and services, get the contact details, place orders and also leave feedback – all online. The number of websites owned by Indians is expected to increase manifold after the launch of this offer, thus enhancing the trade and economy of the country.

Announcing the launch, Mr. Prashant Gokarn, Reliance Communications said, “This opportunity will significantly boost web presence for our Netconnect subscribers. We are targeting the SMEs, SEPs and entrepreneurs, as well as individuals who wish to stay connected & interact for personal or business needs. Our strategy is to focus on the integration of the two worlds. Consequently, we anticipate providing free website will increase the number of Indians owning the websites significantly.”

According to Mr Tarun Davda Business Head of BigRock.com, "We are very happy to partner with Reliance Communications in its new venture, we look forward to assist Reliance users boast their web presence. At BigRock, we are passionate about providing world-class customer service. Using our quick & user-friendly website design options and reliable hosting services, Netconnect users will be able to reach customers around the world and compete on global scale."

To avail the offer, Reliance Netconnect Users need to register their email address while subscribing for the Netconnect service. This can also be done by calling the Reliance Netconnect customer care at 1800 3000 5555, or by registering at the Netconnect website www.reliancenetconnect.co.in. The users will be sent a coupon code on their registered email address. The process for availing the offer will also be explained in the email. The users can redeem this coupon code and get the website package free of cost. The service is free for the first year of registration. After the first year, the customers will pay the prevailing fee to BigRock if they wish to continue the service.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 132.2 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RCOM draws down first tranche from China Development Bank

Reliance Communications draws down first tranche of Rs. 3,000 crore (US$ 665 Million) from China
Development Bank underwritten facility of Rs. 8,700 crore (US$ 1.93 Billion)

Drawn down amount to be used to refinance higher cost Short Term Rupee Debt

Largest loan in history of Telecom Sector

Largest loan between China and India

First loan to refinance 3G spectrum Auction

Annual projected interest cost savings of over Rs. 500 crore per year

RCOM to benefit from extended Loan Maturity of 10 years and substantial interest cost savings

Mumbai; March 17, 2011: Reliance Communications Limited (RCOM) has today drawn down first tranche of Rs. 3,000 crore (US$ 665 Million) out of the Rs. 8,700 crore (US$ 1.93 Billion) facility signed with China Development Bank (CDB) on March 9, 2011. The facility includes Rs. 6,000 crore (US$ 1.33 Billion) for refinancing 3G spectrum fee payment by RCOM and Rs. 2,700 crore (US$ 600 Million) for equipment imports from Chinese Vendors.

The drawn down amount will be used to refinance RCOM's short term rupee borrowings resulting in substantial savings in its interest cost apart from extending RCOM's debt maturity profile.

The loan facility which is fully underwritten by CDB, and is being funded by a syndicate of Chinese Banks/Financial Institutions including CDB.

This represents the first and largest ever Syndicated Loan for refinancing Spectrum Fees by any telecom company.

Balance drawdown is expected shortly.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 132 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications to provide Video updates & replays of the ICC Cricket World Cup matches on Mobile Phones.

Reliance Communications to provide Video updates & replays of the ICC Cricket World Cup matches on Mobile Phones

  • Reliance Communications Join hands with TELiBrahma
  • First-of-its-kind service in India, which delivers video updates and replays from the ICC Cricket World Cupmatches on mobile phones

Mumbai, March 16, 2011::Reliance Communications (BSE: RCOM), India's largest integrated telecom service provider and TELibrahma, a leading provider of mobile solutions, have partnered exclusively to deliver video updates and replays from the ICC World Cup cricket matches for all cricket lovers.

With this partnership TELiBrahma would deploy BluFi in stadiums and enable consumers to receive video highlights when they are watching the match in stadium. With the World Cup being played in different countries, this becomes the world's first and biggest in-stadia deployment.

This tie-up will also enable consumers in BluFi locations across the country and those using intARact augmented reality browser to view highlights and action replays of cricket matches for free. This solution is supported on more than 80% of the mobile phones in India and works across phone models, operators and geographies.

Announcing the video updates service, Mr Mahesh Prasad, President Wireless Business, Reliance Communications said, "As ICC's Global Partner till 2015 we are proud to be associated with the game that is growing in popularity across the globe. The innovation and advanced technology that RCOM incorporates is ideal for today's consumer who is always on the move. This time our customers will enjoy cricket with our new service video updates from ICC World Cup."

Commenting on the tie up, Mr. P R Satheesh, President, TELiBrahma said, "TELiBrahma is pleased to be associated with Reliance Communications and do next big thing on mobile. We believe it would help consumers to catch the missing action and advertisers to achieve better ROI from their investment in cricket. This opportunity will help brands to deliver what is relevant to consumers at the place where it matters and on a device that creates the impact".

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion). Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 132 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.

Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers. Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.

Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About BluFi:

BluFi will enable consumers to receive rich media contextual engagements on mobile for free.   BluFi has been deployed across the country in leading locations like CCD, Barista, Shoppers stop and leading malls. Consumers will turn on Bluetooth or Wi Fi to receive free videos, games, deals and now cricket videos for free.

About INtARact:

intARact is an augmented reality offering that enables consumers to receive the relevant information based on the view of their mobile camera.

About TELiBrahma:

TELiBrahma is a venture backed mobile solutions company that works with global brands to deliver rich media engagements leveraging existing media investments like print, sponsorship, BTL amongst others.

RCOM signs loan pact with China Development Bank

China Development Bank signs final documentation for fully underwritten over Rs. 8700 crores (US$ 1.93 Billion) loan facility for Reliance Communications (RCom)

  • Largest loan in history of Telecom Sector
  • Largest loan between China and India
  • First loan to finance 3G spectrum Auction
  • Annual projected interest cost savings of over Rs. 500 Crs per year
  • Use of Loan Proceeds for refinancing RCOM's 3G Spectrum Fees and Imports of Telecom Equipment
  • RCOM to benefit from extended Loan Maturity of 10 years, and substantial interest cost savings
  • RCOM to commence drawdown beginning in March, 2011

Mumbai March 09, 2011: Reliance Communications Limited (RCOM) today signed final documentation with China Development Bank (CDB) for a Rs. 6000 crore (US$ 1.33 Billion) loan facility. (USD = 45.15 INR)

The loan facility is fully underwritten by CDB, and will be funded by a syndicate of Chinese Banks/Financial Institutions including CDB.

This represents the first and largest ever Syndicated Loan for refinancing Spectrum Fees.

RCOM has also signed an additional Agreement for Rs. 2700 crore (US$ 600 million) with CDB, for financing imports / domestic expenditure of telecom equipment from Chinese vendors (namely, Huawei and ZTE).

RCOM has already received RBI Approval for the facilities, and draw down is expected to commence shortly.

The aggregate financing of Rs. 8700 crore (US$ 1.93 billion) has a maturity period of 10 years, contributing to significant extension of RCOM's debt maturity profile, apart from substantial savings in interest costs.

RCOM had earlier received an in principle approval from CDB for these facilities, and had executed a Memorandum of Understanding with CDB, during the visit of Hon'ble Prime Minister of China, Mr Wen Jiabao, to India in December 2010.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 132 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.
Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RCOM Announces Q3 Financial Results

Reliance Communications (RCOM) announces its financial results for the quarter ended december 31, 2010

  • Customer base at 126 million, up 34% against 94 million in the corresponding quarter last year
  • net Profit OF Rs. 480 crore (US$ 107 million), UP 7.7% against Rs. 446 crore (usd 99 million) in the sequential quarter
  • EBITDA at Rs. 1,668 crore (US$ 373 million) AGAINST Rs. 1,660 crore (US$ 369 million) – increase by 0.5% sequentially
  • EBITDA MARGIN INCREASED from 32.4% TO 33.3%, WHICH IS HIGHEST IN THE COUNTRY
  • Revenue at rs. 5,004 crore (US$ 1,119 MILLION), AGAINST Rs. 5,118 crore (US$ 1,139) in the sequential quarter
  • revenue marginally declined due to conscious strategy of moving away from low margin businesses
  • strong focus on more profitable data and vas services
  • enterprise & globalcom EBITDA represents 37% of consolidated EBITDA maintaining steady performance

Mumbai, February 14, 2011: Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended December 31, 2010.

Highlights of the financial performance for the year are:

  • Revenue at Rs. 5,004 crore (US$ 1,119 million) compared to Rs 5,118 crore (US$ 1,139 million) in the sequential quarter
  • EBITDA at Rs. 1,668 crore (US$ 373 million) compared to Rs 1,660 crore (US$ 369 million) in the sequential quarter
  • Profit after tax at Rs. 480 crore (US$ 107 million) compared to Rs 446 crore (US$ 99 million) in the sequential quarter

 

CORPORATE DEVELOPMENTS

  • RELIANCE COMMUNICATIONS ANNOUNCES LAUNCH OF 3G SERVICES

    Reliance Communications, India's leading telecom service provider, announced the launch of Reliance 3G Services starting with Delhi, Mumbai, Kolkata and Chandigarh. With the 3G rollout, Reliance Communications becomes the First operator to offer 3G services to customers in the Top 3 Metros of Delhi, Mumbai and Kolkata. Demonstrating its all round execution and innovation capabilities, Reliance Communications has rolled out 3G services in a record time of around 100 days of receiving 3G Spectrum in the major Metros of India.

    Reliance Communications will be launching Reliance 3G services across all 13 telecom circles, where it holds 3G licenses, by end of Fiscal 2010-11. The company is targeting a national footprint of Reliance 3G services through associations with other like minded, quality 3G licensees in the balance 9 telecom circles during the course of next year.
  • RCOM LAUNCHES MICROSOFT HOSTED EXCHANGE 2010 IN INDIA

    Reliance Internet Data Center (RIDC), the IDC division of Reliance Communications has partnered with Microsoft to launch Reliance Hosted Exchange 2010 - a complete end-to-end e-mailing solution which promotes business messaging and collaboration.

    The Reliance Hosted Exchange 2010 eliminates users' needs to invest in hardware, software licenses, security and related management costs by providing a 'pay-per mailbox' Service model. This offers the customer a cost-efficient enterprise class mailing solution without the hassle of managing the same. The solution will deliver features such as active sync mobile devices integration, flexible mail box size, web calendaring facility, remote location archiving, and sender reputation filtering.

    RCOM Hosted Exchange 2010 suite will help businesses manage their communication needs mainly email in a highly cost-effective manner by outsourcing the end-to-end management to RIDC in a Reduced Cost to Ownership (RCTO) model.
  • RCOM SIGNS MoU WITH CHINA DEVELOPMENT BANK CORPORATION FOR 10 YEAR FINANCING OF US$1.93 BILLION

    RCOM signed a MoU with China Development Bank Corporation for syndicated loan financing of US$ 1.93 Billion. The proposed facility has 10 year maturity, and will be funded by a Syndicate including CDB and other Chinese Banks / Financial Institutions. RCOM will benefit from extension of maturity, and substantial savings in interest costs. The facility is subject to necessary approvals, etc.

    The MoU covers:
    1. the first and largest Syndicated Loan of US$ 1.33 billion for refinancing 3G Spectrum Fees; and
    2. financing of up to US$ 600 million towards 85% of equipment and services to be procured from Huawei and ZTE. This facility is over and above the existing US$ 750 million facility, already substantially utilized by RCOM for procurement of equipment and services from Huawei and ZTE.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 132 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary

Particulars  3 months ended 31/12/10 3 months ended 30/9/10 Increase / (Decrease)
Turnover      
Wireless 4,064 4,161 -2.3%
Global 1,923 1,839 4.6%
Broadband 618 662 -6.5%
Diversified 311 398 -22.0%
Total (post eliminations) 5,004 5,118 -2.2%
       
EBITDA      
Wireless 1,179 1,210 -2.6%
Global 397 339 17.1%
Broadband 227 248 -8.5%
Diversified -135 -134 0.7%
Total (post eliminations) 1,668 1,660 0.5%
       
EBITDA margin 33.3% 32.4% 90 bps
       
Depreciation 1,034 955 8.2%
Financial Charges (net) 130 280 -53.6%
PBT 505 425 18.9%
Tax -21 -66 -67.6%
PAT (before minority interest) 526 491 7.2%
Share of minority interest 46 45 2.2%
PAT (after minority interest) 480 446 7.7%
       
RCOM Signs Pact With Radio Netherlands Worldwide

Reliance Communications signs pact with Radio Netherlands Worldwide

  • Radio Netherlands Worldwide to be available on Mobile Portal R World for 125 million Reliance customers

Mumbai / Hilversum: Reliance Communications, India's leading telecom service provider, today announced signing an agreement with Radio Netherlands Worldwide, an established player in news & entertainment broadcasting for over 60 years. Under the agreement, R World – the next generation mobile portal accessible to over 125 million Reliance 3G, GSM and CDMA customers, would offer 24/7 live streaming of Radio Netherlands Worldwide and will showcase its RNW WAP news feed on RWorld which includes regularly updated international news.

"News plays an important role in our day to day lives. Be it a college student, a young executive, a Corporate Chieftain or a small town entrepreneur; being in the know of what's happening across the globe at push-of-a-button is essential for our customers irrespective of segments", said Prashant Gokarn, 3G Head, Reliance Communications. "We are extremely delighted about our collaboration with Radio Netherlands Worldwide to offer live news to our 125 million customers at touch of a button on R World. We are focused to utilize every opportunity and technological advancements to offer enhanced value and benefits to our customers", he added.

Jan Hoek, RNW's Director General, comments: "I am very pleased with our entry into Indian telecom space with one of the biggest telecom operators, Reliance. We are an important partner to its valuable subscriber base as a major value-added service. Interestingly, this is the first telecom company with which we have a partner relationship and we are looking forward to many more on a global basis along with advancements in technology".

RNW is available on RWorld (News N TV) at a nominal browsing cost of 5 paise/10kb. RNW and Reliance Communications will be celebrating their successful partnership during the GSMA Mobile World Congress on February 14 – 17 in Barcelona.

About Radio Netherlands Worldwide

Radio Netherlands Worldwide (RNW) is a multilingual multimedia broadcasting company based in the Netherlands. For more than 60 years RNW has been an established player in the field of news and entertainment broadcasting, reaching millions of people every day all over the world. In 10 languages RNW provides independent world news, features and music programmes through satellite, short wave, CDs, mobile platforms, internet and podcasting. RNW's international audience is also reached through numerous media partners in the world.

For more information about Radio Netherlands Worldwide please contact our press office:
- Annabel Heijen: +31 35 6724 493 / mobile + 31 6 26064182 / annabel.heijen@rnw.nl

For further inquiries on the Reliance/RNW partnership, please contact -
RNW's Country Manager – South Asia , Amitabh Srivastava: +91 11 2612 1520 / mobile +91 98110 55580 / amitabh.srivastava@rnw.nl

About Reliance Communications :

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion). Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 130 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. Reliance Communications corporate clientele includes  2,100  Indian  and  multinational corporations,  and  over  800  global,  regional  and domestic carriers. Reliance Communications has established a pan-India, next generation, integrated  (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.  Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RCOMM draws down ECB of US$ 255 Mn

Reliance Communications draws down ECB of US$ 255 Mn (Rs 1155 Cr) for 3G Spectrum Refinancing

Second tranche of $ 1.33 Bn refinancing expected from CDB / other banks shortly

3G Spectrum refinancing of US$ 1.585 Bn already approved by RBI

ECB provided by the consortium of banks; ANZ, BNP Paribas, Credit Agricole, DBS and Intesa Sanpaolo

RCOM to benefit from extension of maturity and interest cost savings

Mumbai, January 18, 2011: Reliance Communications Limited (RCOM) has today drawn down US$ 255 Million Rs. 1155 Cr by way of External Commercial Borrowing to part refinance rupee resources used for 3G Spectrum fee payment to the Department of Telecommunications (DOT), Government of India. This loan is funded by a consortium of banks led by Australian and New Zealand Banking Group Limited, BNP Paribas, Credit Agricole Corporate and Investment Bank, DBS Bank Limited and Intesa Sanpaolo S.p.a.

RCOM will benefit from extension of maturity, and substantial savings in interest costs from this facility.

In addition to the above, RCOM had earlier signed a Memorandum of Understanding (MoU) with CDB on December 15, 2010 during the visit of the Chinese Prime Minister to India, to refinance US$ 1.33 Bn paid for 3G Spectrum to DOT. The MoU also covers financing of up to US$ 600 million towards equipment and services to be procured from Chinese Vendors like ZTE Corporation and Huawei Technologies Co. Ltd. These facilities will be funded by CDB and other Chinese Banks / Financial Institutions, and their approval and draw down is expected soon.

About Reliance Communications:

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 124 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications announces launch of 3G Services

Reliance Communications announces launch of 3G Services

  • First Operator to offer 3G services to customers in Mumbai, Delhi and Kolkata
  • Reliance to lead Creation of a 'Wire-free India' through launch of 'Affordable 3G for All'.
  • Reliance to launch 3G services in 13 circles by next quarter,targets nation-wide presence next year.

Mumbai / Delhi / Kolkata / Chandigarh; December 13th, 2010: Reliance Communications, India's leading telecom service provider, today announced the launch of Reliance 3G Services starting with Delhi, Mumbai, Kolkata and Chandigarh. With the 3G rollout, Reliance Communications becomes the First operator to offer 3G services to customers in the Top 3 Metros of Delhi, Mumbai and Kolkata. Demonstrating its all round execution and innovation capabilities, Reliance Communications has rolled out 3G services in a record time of around 100 days of receiving 3G Spectrum in the major Metros of India.

Reliance Communications will be launching Reliance 3G services across all 13 telecom circles, where it holds 3G licenses, by end of Fiscal 2010-11. The company is targeting a national footprint of Reliance 3G services through associations with other like minded, quality 3G licensees in the balance 9 telecom circles during the course of next year.

"The launch of Reliance 3G is an integral part of our Vision 2015 of creating a "Wirefree India" built upon the 'affordable 3G for All' platform. Personalization of Services, Simplification of Tariffs and a Content Rich Portfolio on the 'Best in Class' 3G Wireless Network will enable Reliance customers to get a much superior 3G service experience, significantly differentiated from others in the marketplace", said Syed Safawi, CEO – Wireless Business, Reliance Communications. "Reliance 3G places us in a unique position with our suite of offerings covering 3G, CDMA, GSM and Mobile Broadband Data Services on the wireless platform", he added.

Reliance 3G network has been designed to offer blanket coverage in every town being connected on 3G, with all its 3G sites connected through IP backhaul to provide maximum download speeds and minimum latency. The World class Reliance 3G network is capable of offering peak speeds upto 28 Mbps. The 3G network significantly enriches our Internet Access Services offering, enabling us to further strengthen our undisputed leadership in the wireless data space.

"Reliance 3G services will offer the widest bouquet of cutting edge services including Video Calling, Mobile TV, Video Streaming and Applications accessed at superfast speeds ubiquitously on a variety of Mobile and Personal computing devices", said Prashant Gokarn, 3G Head – Reliance Communications. " A superior network with 100% optic backhaul, thousands of content rich applications delivered in an easy-to-access mode on a mobile screen, Personalization options and simple tariffs including daily sachet packs are the 4 pillars that will create a significant differentiation for Reliance 3G services amongst customers", he added.

On this journey to delivering a World class 3G experience, Reliance Communication has partnered with the World's best organizations, including Nokia for devices, Facebook, Nokia and Ericsson for applications, Universal Music for content and Motricity for the Web portal .

Earlier in May 2010, Reliance Communications emerged as the winner in 13 key telecom circles during the 3G auction including the key metros of Delhi, Mumbai and Kolkata. Reliance Communications holds 3G licenses in the telecom circles of Delhi, Mumbai, Kolkata, Punjab, Rajasthan, Madhya Pradesh, West Bengal, Himachal Pradesh, Bihar, North East, Jammu & Kashmir, Orissa and Assam.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 124 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.
Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications to Unveil New 3G Mobile Data Services Portal On Motricity Platform

Reliance Communications to Unveil New 3G Mobile Data Services Portal On Motricity Platform

  • Reliance Communications, Serving 120 Million Subscribers to Transform Market with New Mobile Data Services Platform and 3G Rollout

Mumbai, India and Bellevue, WA – December 3, 2010 – Reliance Communications, India's leading telecommunications service provider, is launching a new mobile data portal, R World, powered by Motricity (NASDAQ: MOTR). This portal developed for the upcoming 3G services will deliver complete, end-to-end mobile Internet and data services to 120 million Reliance mobile subscribers at the click of a button. The ubiquitous Mobile Data Services Portal has been developed on Motricity's mCore platform which powers 3G Mobile Portals of many leading global 3G service providers.

"Reliance is aggressively rolling out 3G services in India and we believe our partnership with Motricity will allow us to deliver a richer, more personalized, mobile Internet experience to our customers. Such innovations will be the cornerstone of Reliance 3G offerings going forward," said Syed Safawi, CEO – Wireless Business, Reliance Communications. "The majority of our customers rely on their mobile devices to access the Internet. We are pleased to partner with Motricity to make our vision of a Wirefree India a reality for our customers."

Motricity is a leading mobile data services and solutions provider serving some of the world's largest mobile operators including AT&T, Sprint, Verizon Wireless, Celcom and XL Axiata.

"Motricity's partnership with Reliance to transform mobile data services across the region showcases the strength of Motricity's comprehensive, end-to-end Mobile as a Service offering, and our company's ability to quickly deploy a comprehensive platform. From the time we signed the agreement to the time of Reliance's launch of R World was a mere 55 days. We look forward to continuing our work with such an innovative company, as they lead the region in rolling out 3G and mobile data services, in one of the fastest-growing, and largest mobile markets in the world," said Ryan Wuerch, founder and chief executive officer of Motricity.

Motricity's mCore Platform and Mobile as a Service (MaaS) delivery platform will enable Reliance Mobile Customers to access highly personalized mobile data experiences throughout the country. From R World, Reliance Mobile subscribers will have access to the high speed mobile Internet with download speeds up to 21 Mbps, high-definition Mobile TV and a host of advanced features, across a wide range of mobile devices, enabling mobile content discovery, mobile commerce, mobile social networking and mobile marketing campaigns and programs.

Powered by Motricity, Reliance's new R World platform will include the following features:

  • Content Aggregation: Subscribers now have access to all of the most popular content, email and social networking sites direct from their mobile device through a centralized easy-to-access destination.
  • Single Sign-On: Once users personalize their view of R World, they can access all of their content, email (Gmail, Windows Live, Ovi Mail) and social networks (Facebook, Twitter) with one login, eliminating the need to re-enter different passwords and user IDs.
  • News Feeds: RSS functionality allows subscribers to browse through feeds and add them to their home page, ensuring they get the most relevant news, sports and content. R World offers four categories of RSS feeds; news, sports, infotainment and finance.
  • Social Networking Capabilities: Through R World, subscribers can publish status updates across multiple networks check on the status of their network friends, read and comment on posts, through a single, user-friendly interface.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion). Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 124 million with over 2.5 million individual overseas retail customers and nearly 3 million DTH customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic operators. Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 2,77,000 route kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary

Motricity (NASDAQ: MOTR) is a leading mobile data solutions provider exclusively focused on the rapidly growing mobile Internet market. It serves some of the world's largest mobile carriers, simplifying the mobile Internet and creating a personalized mobile experience for subscribers. Motricity helps companies leverage the power of mobility to make direct, personalized connections with their customers. For more information, visit http://www.motricity.com/or follow the company
on http://twitter.com/motricity

Reliance Communication (RCOM)Announces its Financial Results For The Quarter Ended September 30,2010

RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES ITS FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2010

  • NET PROFIT OF RS. 446 CRORE (US$ 99 MILLION), UP 78% AGAINST RS. 251 CRORE (USD 54 MILLION) IN THE SEQUENTIAL QUARTER
  • NET PROFIT WOULD HAVE BEEN HIGHER BY 165% AT RS. 1,181 CRORE BUT FOR MTM GAIN OF RS. 735 CRORE, USED TO SET-OFF EARLIER NOTIONAL FOREX LOSS ETC.
  • REVENUE AT RS. 5,118 CRORE (US$ 1,139 MILLION), UP 0.2% AGAINST RS. 5,109 CRORE (US$ 1,100) IN THE SEQUENTIAL QUARTER
  • EBITDA AT RS. 1,660 CRORE (US$ 369 MILLION) AGAINST RS. 1,632 CRORE (US$ 351 MILLION) – INCREASE BY 1.7% SEQUENTIALLY
  • EBIDTA MARGIN IMPROVED FROM 31.9% TO 32.4% SEQUENTIALLY
  • CUSTOMER BASE AT 117 MILLION, UP 36.3% AGAINST 86 MILLION IN THE CORRESPONDING QUARTER LAST YEAR
  • MINUTES OF USAGE INCREASED FROM 84.5 BILLION TO 94.6 BILLION, UP BY 12% AS COMPARED TO THE CORRESPONDING QUARTER LAST YEAR
  • ENTERPRISE & GLOBALCOM EBITDA REPRESENTS 35% OF CONSOLIDATED EBITDA MAINTAINING STEADY PERFORMANCE

Mumbai, November 13,, 2010:Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended September 30, 2010.

Highlights of the financial performance for the year are:

  • Revenue at Rs. 5,118 crore (US$ 1,139 million) compared to Rs 5,109 crore (US$ 1,100 million) in the sequential quarter
  • EBITDA at Rs. 1,660 crore (US$ 369 million) compared to Rs 1,632 crore (US$ 351 million) in the sequential quarter
  • Profit after tax at Rs. 446 crore (US$ 99 million) compared to Rs 251 crore (US$ 54 million) in the sequential quarter

CORPORATE DEVELOPMENTS

  • RCOM & Universal Music sign exclusive strategic partnership in its preparation for 3G launch

    RCOM has signed an exclusive strategic partnership with Universal Music to offer musicrelated services and content across RCOM's GSM, CDMA, 3G Mobile and Wireless Broadband platforms. This is the biggest and first-ever comprehensive music partnership signed in India by a telecom operator.

    The agreement between Reliance Communications and Universal Music has been signed with a commitment of substantial investments to be made by both the parties to offer 360 degree music experience to customers across all platforms including Voice, WAP, Web, IVR, Blog & through On-Ground Events.

    The agreement with Universal is a prelude to RCOM's 3G launch since Music offers the potential to provide the best consumer experience on 3G network. Universal will offer its entire catalogue of international and Indian music to RCOM.
  • RCOM & Nokia join hands for a first-of-its-kind multi-faceted business partnership

    RCOM and Nokia India jointly announced a first-of-its-kind multi-faceted business alliance. The RCOM – Nokia alliance will aim to foster greater use of mobile services, giving consumers an opportunity to get richer experiences and do more with their phones.

    The RCOM–Nokia partnership is structured on a one-of-its-kind blue-print to engage with the Indian consumes to offer an array of unmatched & innovative mobile, data and services offerings in India. The alliance covers –

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 124 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary

Particulars 3 months ended 30/9/10 3 months ended 31/6/10 Increase / (Decrease)
Turnover      
Wireless 4,161 4,153 0.2%
Global 1,839 1,814 1.4%
Broadband 662 676 -2.2%
Diversified 398 335 19.0%
Total (post eliminations) 5,118 5,109 0.2%
       
EBITDA      
Wireless 1,210 1,199 0.9%
Global 339 332 2.3%
Broadband 248 248 0.2%
Diversified -134 -135 -0.5%
Total (post eliminations) 1,660 1,632 1.7%
       
EBITDA margin 32.4% 31.9% 50bps
       
Depreciation 955 965 -1.0%
Financial Charges (net) 280 440 -36.4%
PBT 425 228 86.5%
Tax -66 -72 -8.3%
PAT (before minority interest) 491 300 44.4%
Share of minority interest 45 49 -8.0%
PAT (after minority interest) 446 251 77.8%
Reliance Capital appoints Madhusudan Kela as Chief Investment Strategist

Reliance Capital appoints Madhusudan Kela as Chief Investment Strategist

  • Madhu to play crucial role in expanding RCL's businesses, mentoring portfolio managers and providing strategic inputs and guidance on investments across the Reliance Capital group of companies, within the existing regulatory framework
  • Reliance Mutual Fund elevates Sunil Singhania as Head of Equities and further broad bases its fund management team

August 27, 2010, Mumbai: Reliance Capital Ltd. (RCL), a part of the Reliance Group, today announced the appointment of Mr Madhusudan Kela, presently Head of Equities, Reliance Mutual Fund, as Chief Investment Strategist, Reliance Capital, with increased responsibilities across RCL's various businesses.

Reliance Capital group companies manage substantial equity assets of over Rs 50,000 crore, spread across various businesses including Life Insurance, Mutual Fund, Private Equity, Venture Capital, Offshore funds, Portfolio Management Services (PMS), and Wealth Management.

Madhu will play a crucial role in expanding these assets, mentoring portfolio managers across the RCL group, and providing strategic inputs and guidance on investments across the Reliance Capital group companies, within the scope of the existing regulatory framework.

"Madhu has been a driving force in the growth of our Mutual Fund business over the last 10 years, and a key member of the team instrumental in bringing us to a leadership position in the industry. Given his past track record and understanding of the markets, we now look forward to Madhu's valuable contribution across the full spectrum of our businesses," said Mr. Sam Ghosh, CEO, Reliance Capital.

"It has been a privilege for me to be part of the Reliance Mutual Fund leadership team, and contribute to wealth creation for millions of small investors across India. I am delighted to now get this larger canvas with increased responsibilities, and thereby make a wider contribution to the Reliance Capital family," said Mr. Kela. He will move into the new role from September 21, 2010.

In a related move, Reliance Mutual Fund (RMF), the country's largest fund house, today announced the elevation of Mr. Sunil Singhania, currently Deputy Head of Equities, as the Head of Equities in RMF.

Under Madhu's leadership over the past several years, RCAM has built the largest team of experienced and passionate research analysts and portfolio managers, who have consistently delivered superior returns to millions of investors in debt and equity funds, and have been recognised with a wide array of awards in India and overseas.

Reliance Mutual Fund launches Small Cap Fund

Reliance Mutual Fund launches Small Cap Fund

  • First dedicated and focused small cap fund from RMF
  • To invest primarily in small cap companies for long-term capital appreciation
  • Sunil Singhania will be fund manager for the fund
  • NFO to open from Aug 26 and close on September 09, 2010

Mumbai, Aug 25, 2010 : Reliance Mutual Fund (RMF), India's largest asset management company and a part of Reliance Capital, announced the launch of its first Small Cap Fund, an open ended equity scheme, which will predominantly invest in small cap companies.

This is the first dedicated Small Cap focused product from RMF and the NFO was announced by Mr. Sundeep Sikka, CEO, Reliance Capital Asset Management, here today.

Mr Sunil Singhania, Deputy Head, Equities, RMF, will be the fund manager for the fund.

"We at RMF have always been very selective in launching new products and focused on products that offer unique proposition to our investors. Our in depth research capabilities coupled with stock picking abilities have, over the years, offered superior returns to our investors. We are confident that investors will look favorably at the NFO being offered" said Mr. Sikka

Reliance Small Cap fund is the only fund in RMF’s product basket with a pre-dominant investment focus on small cap companies where stock selection would play a key role. The scheme proposes to invest at least 65 per cent of the corpus in equity and equity-related instruments of small cap companies which may go up to 100 per cent of the corpus.

We feel that select small caps are potential large caps of tomorrow because of their benefit of high growth prospects. Valuation gap is also visible between small caps and large caps thus giving an opportunity for alpha creation. In today's economic environment, we see individuals with entrepreneurial mindset are exploring new business opportunities which have the potential to grow faster. With presence in all emerging sectors of India, small cap have the ability to become multi baggers which are a true reflection of entrepreneurial spirit, new opportunities and creation of global behemoths,' said Mr. Sunil Singhania.

Investment in equity and equity-related instruments of any other companies, including derivatives, other than small cap companies will be in the range of 0-35 per cent. The scheme has both growth and dividend option. Dividend option offers payout and reinvestment facility.

The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter. Entry load is nil for the scheme, as per SEBI's guidelines, where as the exit load is 2 per cent for holding period less than or up to 12 months and 1 per cent for holding period above 12 months and Nil thereafter.

This fund will offer an auto switch facility from Reliance Liquid Fund - Treasury Plan to Reliance Small Cap Fund during the New Fund Offer. Reliance Small Cap Fund's performance would be benchmarked against BSE Small Cap Index.

The NFO would be open from August 26 to September 09, 2010.

About Reliance Capital Asset Management Limited

Reliance Capital Asset Management Limited (RCAM) manages US $30 billion (as on June 30, 2010) across mutual funds, pension funds, managed accounts and hedge funds.

It is the only AMC in India to have been chosen to manage both public funds sponsored by the Indian government - the Provident Fund and Pension Fund. The company offers a well-rounded portfolio of products that meet varying requirements and constantly endeavors to launch innovative products and customer service initiatives to enhance value for its investors.

Reliance Mutual Fund (RMF) schemes are managed by RCAM, a part of Reliance Capital and one of India's largest financial services companies.

Reliance Life Insurance assets cross Rs. 15,000 crore

Reliance Life Insurance assets cross Rs. 15,000 crore

  • Records growth of over 140 per cent per annum in last 5 years
  • Increases assets from Rs 200 crore in 2005 to Rs 15,000 crore in 2010
  • Targets to double assets to Rs 30,000 crore by 2012
  • Total number of policies crosses 9.5 million

Mumbai, Aug 23, 2010: Reliance Life Insurance Company Limited (RLIC), part of Reliance Capital Limited, today announced that it has crossed the milestone figure of Rs 15,000 crore in its Assets Under Management (AUM).

This milestone closely follows the Rs. 10,000 crore AUM mark recorded by Reliance Life Insurance in September 2009.

"RLIC would be amongst the fastest private sector life insurance companies to cross this milestone in a span of less than 5 years" said Mr. Malay Ghosh, President and Executive Director, Reliance Life Insurance, while making the announcement here today.

The company's AUM has grown from Rs. 200 crore in October 2005 to Rs. 15,000 crore in August 2010, registering 142 per cent growth per annum in the last five years.

''The landmark of Rs 15,000 crore AUM is a reflection of the faith and confidence that our policyholders have bestowed in the company and its investment strategies. Our wide-ranging fund offerings and sharp focus on growth have helped us achieve this milestone. We have issued over 9.5 million policies till date and would continue to reach out to our customers with a range of products to suit their need,'' said Mr Ghosh.

The company is targeting to double its AUM to Rs 30,000 crore by 2011-12 from the current AUM of Rs 15,000 crore.

"Our fund management capabilities have yielded rich returns to the customers. In the last 12 months all our funds have outperformed their respective benchmarks. We will continue to focus our investments in companies with strong management, healthy financial growth performance and dynamic business model," said Mr. Rangarajan Rajagopalan, Chief Investment Officer, Reliance Life Insurance.

About Reliance Life Insurance Company Limited

Reliance Life Insurance Company Limited is one of the India's top private sector life insurance companies with business premium including renewal premium of over Rs 6,605 crore (as on 31st March 2010). It has a pan-India presence and a range of products, catering to individual as well as corporate needs.

Reliance Life Insurance Company Limited is a part of Reliance Capital Limited, which is a part of the Reliance Group.

RCOM & Nokia join hands for a first-of-its-kind multi-faceted business partnership

RCOM & Nokia join hands for a first-of-its-kind multi-faceted business partnership

  • Launch Nokia's Ovi Life Tools a personalised service to plug information gaps in the areas of Agriculture and Education
  • ointly promote mobile services & data usage across customer segments
    • Special subsidized packages including bundled offer of Reliance Netconnect Broadband+ Datacard to download unlimited music from Ovi Music Unlimited devices at a faster speed
    • Exclusive data packages across a range of Nokia GPRS phones

NEW DELHI - August 20, 2010:Reliance Communications, India's largest integrated telecom operator and Nokia India today jointly announced a first-of-its-kind multi-faceted business alliance. The RCOM – Nokia alliance will aim to foster greater use of mobile services, giving consumers an opportunity to get richer experiences and do more with their phones.

The RCOM–Nokia partnership is structured on a one-of-its-kind blue-print to engage with the Indian consumes to offer an array of unmatched & innovative mobile, data and services offerings in India.

The business partnership with Nokia is in line with the multitude of innovations lined-up by the two companies to take mobility to the next level. The alliance covers –

  1. Making available Ovi Life Tools services targeted at the rural and semi-urban segments for Reliance customers
  2. Exclusive offers on Ovi Music Unlimited (OMU) devices - including Nokia 5530, Nokia 5800, Nokia X6 16 GB, Nokia X6 8 GB and Nokia 5235 - for faster music downloads
    • An exclusive offer on Reliance Netconnect Broadband + USB Datacards on the purchase of Nokia OMU enabled phones
  3. Special data packages for Nokia GPRS phones (other than OMU-enabled devices)

Commenting on its relationship with Nokia, Mr Vrajesh Shelat, Head – Wireless Data Services & Alliances, Reliance Communications said, "In the last two quarters, there has been a significant adoption of smartphones by Indian consumers. We have seen the sales of smartphones on our Network increase manifold. With the rollout of 3G, we see a huge opportunity in fostering a mutually beneficial business relationship to offer customers unique Voice, data as well as VAS innovations with Nokia."

Mr V Ramnath, Director – Operator Channels, Nokia India said, "To take mobility to the next level, Nokia is moving beyond products to add services like Ovi Life Tools and Ovi Music Unlimited on its devices. These services have the potential to positively impact livelihoods at one hand and provide entertainment platforms to our consumers at the other. Our association with Reliance Communications is an important step in the direction of creating a strong ecosystem that will take these services to a larger consumer base."

Ovi Life Tools, a range of innovative and personalized services covering Agriculture, Education and Entertainment targeted at both urban and rural consumers will be an integral component of this RCOM & Nokia alliance. The two companies will jointly create an enabling environment to address the information gaps in rural & semi-urban India by making available Ovi Life Tools for Reliance users.

Reliance will offer Ovi Life Tools services in two versions, Subscription and Pay per Use. While the Subscription Service for education and entertainment services will be offered at Rs.30/Month and the agriculture service at Rs.60/Month. The Pay-per-Use will be priced at Rs.3/Request.

Mobile Music has become increasingly popular among the Indian consumers. According to some estimates close to 40% young people prefer to listen to music on their mobile phones. To make it easier for consumers, RCOM GSM customers can download music upto 12GB data usage (approximately 2400 songs) from Nokia's breakthrough music service – Ovi Music Unlimited (OMU) using Nokia's OMU-enabled phones including Nokia 5530, Nokia 5800, Nokia X6 16 GB, Nokia X6 8 GB and Nokia 5235. Consumers can also purchase Reliance Netconnect Broadband+ Datacards at an exclusive price of Rs. 1999/- along with the purchase of Nokia OMU-enabled devices.

Ovi Music Unlimited comprises of over 40 lakh legal tracks from across 19 genres including Rock, Rap, Hip Hop, Pop, Bollywood, Sufi, Indipop, Indian Classical, Devotional, Ghazals, Malayalam, Tamil, Gujarati, Bengali, Punjabi and Bhojpuri,amongst others. Consumers who buy a Nokia Ovi Music Unlimited enabled device are able to download millions of tracks for free, direct to their mobile phone or to their PC from the Ovi Music Store for 12 months.

As part of this alliance, RCOM is also offering mobile data bundle of 1.2GB on Nokia GPRS enabled handsets (other than the OMU-enabled phones). In addition, RCOM is offering up to 1800 free on-net minutes bundled with Nokia 1800. These free voice minutes and mobile data bundles has a validity of six months.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 117 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About Nokia

Nokia is a pioneer in mobile telecommunications and the world's leading maker of mobile devices. Today, we are connecting people in new and different ways - fusing advanced mobile technology with personalized services to enable people to stay close to what matters to them. We also provide comprehensive digital map information through NAVTEQ; and equipment, solutions and services for communications networks through Nokia Siemens Networks.

Reliance Mobile introduces Braille Bill service for visually impaired

Reliance Mobile introduces Braille Bill service for visually impaired

  • First-of-its-kind Customer Service initiative by Indian telecom operator
  • Part of overall business plan to drive customer-centric innovations

MUMBAI, August XX, 2010:As part of its strategy to drive leadership through innovations across its Wireless business, Reliance Mobile has announced the launch of Braille Bill service. The Braille Bill service is part of multiple innovative & reliable convenience options that Reliance Mobile is introducing in the Indian market for its over 110 million mobile subscribers.

The Braille Bill service is first-of-its kind initiative introduced by an Indian telecom operator aiming to create an enabling and convenient customer service environment for the visually impaired. The service is in line with Reliance Group's Corporate Social responsibility objectives.

Commenting on the launch of its Braille Bill Service, Mr Anurag Prashar, President Corporate, Customer Service, Reliance Communications said, "After being the first in the industry to launch Live Chat service, we have brought yet another innovation to Indian Telecom customers by the launch of Braille Bill for those who are visually impaired. There are currently 45 million people suffering from complete visual impairment across the globe. Out of these, nearly 12 million reside in India. Our new Braille Bill service is in line with our Customer Service objective to delight our customers through innovations that touch their lives. And the best thing is that this service is free of cost."

Reliance Mobile's Braille Bills will be available for Postpaid customers across all products lines of RCOM's Wireless Business. This will be a summarized bill providing key details of current usage, bill amount, last dues, last payment and adjustments made. The Braille Bill will also provide a breakup of the current charges payable by the customer. The normal detailed and itemised bills will also be available through regular channels in the form of hard copy as well as eBills. The Braille Bill will be dispatched to the visually impaired customers through post every month without any extra charges.

Existing and new Reliance Mobile customers can request for the Braille Bill by registering their request with the company through its call center or customer touch-points including over 2500 Reliance World and Reliance Mobile Stores across 700 cities in India.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 110 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.


Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometres of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communication (RCOM) Announces its financial results for the Quarter ended June 30, 2010

Reliance Communication (RCOM) Announces its financial results for the Quarter ended June 30, 2010

  • CUSTOMER BASE AT 111 MILLION, UP 39.2% AGAINST 80 MILLION IN THE CORRESPONDING QUARTER LAST YEAR
  • REVENUE AT RS. 5,109 CRORE (US$ 1,100 MILLION), UP 0.3% AGAINST RS. 5,093 CRORE (US$ 1,128) IN THE SEQUENTIAL QUARTER
  • EBITDA AT RS. 1,632 CRORE (US$ 351 MILLION) AGAINST RS. 1,602 CRORE (US$ 355 MILLION) INCREASE BY 1.9% SEQUENTIALLY
  • NET PROFIT LOWER AT RS. 251 CRORE (US$ 54 MILLION) DUE TO NOTIONAL PROVISIONING ON FOREX ETC.
  • MINUTES OF USAGE INCREASED FROM 83.3 BILLION TO 94.4 BILLION, UP BY 13.3% AS COMPARED TO THE CORRESPONDING QUARTER LAST YEAR
  • ENTERPRISE & GLOBALCOM EBITDA REPRESENTS 35% OF CONSOLIDATED EBITDA MAINTAINING STEADY PERFORMANCE
  • RCOM AND GTL INFRA AGREE ON OVER RS. 50,000 CRORE (OVER US$ 11 BILLION) DEAL FOR WORLD’ LARGEST INDEPENDENT TELECOM INFRASTRUCTURE COMPANY
  • RCOM ACQUIRES DIGICABLE, INDIA’ NO. 1 CABLE TV SERVICE PROVIDER. TO HAVE A COMBINED SUBSCRIBER BASE OF 11 MILLION

Mumbai, August 13, 2010:Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended June 30, 2010.

Highlights of the financial performance for the year are:

  • Revenue at Rs. 5,109 crore (US$ 1,100 million) compared to Rs 5,093 crore (US$ 1,128 million) in the sequential quarter
  • EBITDA at Rs. 1,632 crore (US$ 351 million) compared to Rs 1,602 crore (US$ 355 million) in the sequential quarter
  • Profit after tax at Rs. 251 crore (US$ 54 million) compared to Rs 1,220 crore (US$ 270 million) in the sequential quarter

CORPORATE DEVELOPMENTS

  • RCOM and GTL Infra agree on over Rs. 50,000 crore deal for world' largest independent telecom infrastructure company

    The Boards of Reliance Communications Limited, and its subsidiary, Reliance Infratel Limited and GTL Infrastructure Limited in-principle approved a Rs. 50,000 crore (US$ 11 billion) deal to create the world's largest independent telecom infrastructure company, neither owned nor controlled by any telecom operator.
    This transformational deal will be implemented through a demerger of Reliance Infratel's tower assets into GTL Infrastructure. India's largest optic fibre network of over 200,000 kms and related assets presently, owned by Reliance Infratel will remain under Reliance Communication's ownership.

  • RCOM Board approves in-principle the induction of strategic / private equity investors into the company for an upto 26% equity stake

    The Board of Directors of Reliance Communications Limited has approved in-principle the induction of strategic / private equity investors into the Company for an upto 26% equity stake at an appropriate premium to the prevailing market price, and also to examine and pursue other appropriate strategic combination / consolidation opportunities


  • RCOM acquires Digicable, India' No. 1cable TV service provider
    The Board of Directors of Reliance Communications Ltd. approved a proposal to acquire Digicable, India's largest Cable TV service provider, in an all-stock deal of the new entity.
    The new entity named "Reliance DigiCom" is an integration of RCOM's DTH, IPTV and Retail Broadband Operations, with Digicable. This will be India's / Asia's largest, and the World's 5th largest company, to offer the full-suite of Triple Play services – Digital TV, Ultra High-Speed Broadband and Voice.
    Reliance DigiCom, will start with a combined subscriber base of 11 million homes. This initiative will combine strengths of RCOM's world class infrastructure with the formidable power of local relationships of cable operators. The distribution reach will span one lakh retail outlets in 7,000 towns and 10,000 cable operators and have an addressable market of over 100 million homes in India

  • RCOM signs strategic alliance with GetJar to create India's largest and free mobile Apps Store
    RCOM and GetJar, the world's second largest application store announced a strategic alliance between the two companies. According to the alliance, GetJar will offer RCOM its extensive catalog of over 65,000 free mobile applications. RCOM customers will have access to thousands of applications ranging from games, social networking, sports, entertainment and productivity applications. GetJar will also enable RCOM to offer its Apps Store to a large bandwidth of mobile handsets across multiple brands and not remain restricted to a few highend smartphones. RCOM will offer the GetJar Apps Store across GSM and CDMA networks.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 117 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.
Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RCOM & Universal Music sign exclusive strategic partnership in its preparation for 3G launch

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

MUMBAI, August 4, 2010: 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.

Reliance Communications today announced the signing of an exclusive strategic partnership with Universal Music to offer music-related services and content across RCOM's GSM, CDMA, 3G Mobile and Wireless Broadband platforms. The agreement between Reliance Communications and Universal Music has been signed with a commitment of substantial investments to be made by both the parties to offer 360 degree music experience to customers across all platforms including Voice, WAP, Web, IVR, Blog & through On-Ground Events.

The agreement with Universal is a prelude to RCOM's 3G launch since Music offers the potential to provide the best consumer experience on 3G network. This is the first ever biggest & most comprehensive music partnership signed in India by a telecom operator. Universal will offer its entire catalogue of international and Indian music to RCOM. Universal's music catalogue boasts of some of the best of Indian & western billboard artists such as Shaan, Sunidhi Chauhan, Bon Jovi, Bryan Adams, The Black Eyed Peas, Enrique Iglesias, Eminem, Lady Gaga amongst Others.

RCOM's agreement with Universal Music is in line with similar deals signed by the conglomerate with other global operators across the globe including with UK Orange, SingTel, Digi Malaysia, Bouygues Telecom, France Orange, Belgium Base and other Eastern European Operators.

RCOM and Universal Music will also arrange exclusive Indian concerts with Shaan, Sunidhi Chauhan, Mohit Chauhan and others. The partners will also line-up international concert with contemporary pop singers currently ruling the billboard charts worldwide.

Commenting on its partnership with Universal Music, Mr Mahesh Prasad, President Marketing – Wireless Business, Reliance Communications said, "Our exclusive partnership with Universal Music is among the tie-ups crafted for our customers as part of RCOM's 3G launch. The Universal partnership will be leveraged to launch Simply Music Initiative for our 110 million mobile customers with an all around never before music experience across multiple channels and extended to 3G customers at its launch. The Simply Music Initiative will keep the customer engaged on an ongoing basis by providing exclusive and differentiated music content."

Says Rajat Kakar, Managing Director, Universal Music India, "Universal Music is delighted to partner with Reliance to offer the Indian consumers a "Money can't buy" proposition! Our Global expertise combined with the power of some of the finest International and Domestic content will deliver to Simply Music consumers never before musical experiences. Wrap around, 360 degree, seamless music consumption on-the-go, on ground, both in India and Overseas are some of the attributes of this exclusive initiative with RCOM which will enthral and delight consumers in a first of its kind initiative in India."

As part of the first consumer effort Reliance Communications is launching Simply Music Initiative across the country. This is a holistic music pack offering services like exclusive caller tunes, ring tones, Mobile Radio Web Streaming, Full tracks etc for all Reliance customers across GSM and CDMA networks. Simply Music comprises of two unique packs – Gold and Platinum.

  • The Simply Music Gold Pack will comprise of 3 full length track, 3 ringtone, 4 callertune and 30 minutes mobile Radio Web streaming. This pack will be available for a monthly subscription of Rs 25 only.
  • The Simply Music Platinum Pack will comprise of 10 full length tracks, 10 ringtones, 10 callertunes and 100 minutes of mobile Radio Web streaming. The Platinum pack will be available for a monthly subscription of Rs 99 only.

As part of its ongoing product innovation, RCOM will make Simply Music a long term customer engagement initiative by infusing dynamic novelty in the Offering on an ongoing basis.

As the use and demand for smartphones increases and driven by increased consumer spending on leisure items and entertainment services, Reliance Communications sees a huge opportunity to reach out to these "young at heart" GSM customers through such differentiated offerings following the roll-out of its 3G services in India. Reliance will ensure that the music content offered through these partnerships will have mass appeal as well as extensive usage potential besides providing entertainment for leisure time.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 110 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometres of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About Universal Music Group

Universal Music Group is the world's leading music company with wholly owned record operations or licensees in 77 countries. Its businesses also include Universal Music Publishing Group, the industry's leading global music publishing operation.

Universal Music Group's record labels include A&M/Octone, Decca, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Interscope Geffen A&M Records, Island Def Jam Music Group, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Polydor Records, Show Dog – Universal Music, Universal Motown Republic Group, Universal Music Latino and Verve Music Group as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalog of music in the industry, which includes the last 100 years of the world's most popular artists and their recordings. UMG's catalog is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes eLabs, its new media and technologies division; Bravado, its merchandising company; and Twenty-First Artists, its full service management division. Universal Music Group is a unit of Vivendi, a global media and communications company.

About Universal Music India:

Universal Music India Pvt. Ltd. (UMIPL) is a 100% subsidiary of the Universal Music Group. UMIPL has an extremely rich Indian catalogue comprising songs from Classic Hindi and Regional Films, IndiPop, Bhangra, Ghazals and Devotional. It's enviable catalogue includes artistes such as Asha Bhosle, Anup Jalota, Bombay Vikings, Jagjit Singh, JoSh, Malkit Singh, Pankaj Udhas, Panjabi MC, Raghav, Bohemia, Mohit Chouhan to name a few. UMIPL `film' catalogue (the 2nd largest in India) spans music from blockbusters such as Sholay, Qurbani, Amar Akbar Anthony, Chori Chori Chupke Chupke, Devdas and Munnabhai MBBS amongst the numerous jewels which symbolize the musical journey from the 70's to date. On the International music front, UMIPL are the clear market leaders with artistes such as ABBA, Akon, Bon Jovi, Bryan Adams, The Black Eyed Peas, Enrique Iglesias, Eminem, Lady Gaga, Taylor Swift, Justin Bieber amongst host of others, popular music icons and household names in India.

Reliance Communication (RCOM) Announces its financial results for the Quarter ended June 30, 2010

Reliance Communication (RCOM) Announces its financial results for the Quarter ended June 30, 2010

  • CUSTOMER BASE AT 111 MILLION, UP 39.2% AGAINST 80 MILLION IN THE CORRESPONDING QUARTER LAST YEAR
  • REVENUE AT RS. 5,109 CRORE (US$ 1,100 MILLION), UP 0.3% AGAINST RS. 5,093 CRORE (US$ 1,128) IN THE SEQUENTIAL QUARTER
  • EBITDA AT RS. 1,632 CRORE (US$ 351 MILLION) AGAINST RS. 1,602 CRORE (US$ 355 MILLION) INCREASE BY 1.9% SEQUENTIALLY
  • NET PROFIT LOWER AT RS. 251 CRORE (US$ 54 MILLION) DUE TO NOTIONAL PROVISIONING ON FOREX ETC.
  • MINUTES OF USAGE INCREASED FROM 83.3 BILLION TO 94.4 BILLION, UP BY 13.3% AS COMPARED TO THE CORRESPONDING QUARTER LAST YEAR
  • ENTERPRISE & GLOBALCOM EBITDA REPRESENTS 35% OF CONSOLIDATED EBITDA MAINTAINING STEADY PERFORMANCE
  • RCOM AND GTL INFRA AGREE ON OVER RS. 50,000 CRORE (OVER US$ 11 BILLION) DEAL FOR WORLD’ LARGEST INDEPENDENT TELECOM INFRASTRUCTURE COMPANY
  • RCOM ACQUIRES DIGICABLE, INDIA’ NO. 1 CABLE TV SERVICE PROVIDER. TO HAVE A COMBINED SUBSCRIBER BASE OF 11 MILLION

Mumbai, August 13, 2010:Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended June 30, 2010.

Highlights of the financial performance for the year are:

  • Revenue at Rs. 5,109 crore (US$ 1,100 million) compared to Rs 5,093 crore (US$ 1,128 million) in the sequential quarter
  • EBITDA at Rs. 1,632 crore (US$ 351 million) compared to Rs 1,602 crore (US$ 355 million) in the sequential quarter
  • Profit after tax at Rs. 251 crore (US$ 54 million) compared to Rs 1,220 crore (US$ 270 million) in the sequential quarter

CORPORATE DEVELOPMENTS

  • RCOM and GTL Infra agree on over Rs. 50,000 crore deal for world' largest independent telecom infrastructure company

    The Boards of Reliance Communications Limited, and its subsidiary, Reliance Infratel Limited and GTL Infrastructure Limited in-principle approved a Rs. 50,000 crore (US$ 11 billion) deal to create the world's largest independent telecom infrastructure company, neither owned nor controlled by any telecom operator.
    This transformational deal will be implemented through a demerger of Reliance Infratel's tower assets into GTL Infrastructure. India's largest optic fibre network of over 200,000 kms and related assets presently, owned by Reliance Infratel will remain under Reliance Communication's ownership.

  • RCOM Board approves in-principle the induction of strategic / private equity investors into the company for an upto 26% equity stake

    The Board of Directors of Reliance Communications Limited has approved in-principle the induction of strategic / private equity investors into the Company for an upto 26% equity stake at an appropriate premium to the prevailing market price, and also to examine and pursue other appropriate strategic combination / consolidation opportunities


  • RCOM acquires Digicable, India' No. 1cable TV service provider
    The Board of Directors of Reliance Communications Ltd. approved a proposal to acquire Digicable, India's largest Cable TV service provider, in an all-stock deal of the new entity.
    The new entity named "Reliance DigiCom" is an integration of RCOM's DTH, IPTV and Retail Broadband Operations, with Digicable. This will be India's / Asia's largest, and the World's 5th largest company, to offer the full-suite of Triple Play services – Digital TV, Ultra High-Speed Broadband and Voice.
    Reliance DigiCom, will start with a combined subscriber base of 11 million homes. This initiative will combine strengths of RCOM's world class infrastructure with the formidable power of local relationships of cable operators. The distribution reach will span one lakh retail outlets in 7,000 towns and 10,000 cable operators and have an addressable market of over 100 million homes in India

  • RCOM signs strategic alliance with GetJar to create India's largest and free mobile Apps Store
    RCOM and GetJar, the world's second largest application store announced a strategic alliance between the two companies. According to the alliance, GetJar will offer RCOM its extensive catalog of over 65,000 free mobile applications. RCOM customers will have access to thousands of applications ranging from games, social networking, sports, entertainment and productivity applications. GetJar will also enable RCOM to offer its Apps Store to a large bandwidth of mobile handsets across multiple brands and not remain restricted to a few highend smartphones. RCOM will offer the GetJar Apps Store across GSM and CDMA networks.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 117 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.
Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RCOM & Universal Music sign exclusive strategic partnership in its preparation for 3G launch

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

MUMBAI, August 4, 2010: 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.

Reliance Communications today announced the signing of an exclusive strategic partnership with Universal Music to offer music-related services and content across RCOM's GSM, CDMA, 3G Mobile and Wireless Broadband platforms. The agreement between Reliance Communications and Universal Music has been signed with a commitment of substantial investments to be made by both the parties to offer 360 degree music experience to customers across all platforms including Voice, WAP, Web, IVR, Blog & through On-Ground Events.

The agreement with Universal is a prelude to RCOM's 3G launch since Music offers the potential to provide the best consumer experience on 3G network. This is the first ever biggest & most comprehensive music partnership signed in India by a telecom operator. Universal will offer its entire catalogue of international and Indian music to RCOM. Universal's music catalogue boasts of some of the best of Indian & western billboard artists such as Shaan, Sunidhi Chauhan, Bon Jovi, Bryan Adams, The Black Eyed Peas, Enrique Iglesias, Eminem, Lady Gaga amongst Others.

RCOM's agreement with Universal Music is in line with similar deals signed by the conglomerate with other global operators across the globe including with UK Orange, SingTel, Digi Malaysia, Bouygues Telecom, France Orange, Belgium Base and other Eastern European Operators.

RCOM and Universal Music will also arrange exclusive Indian concerts with Shaan, Sunidhi Chauhan, Mohit Chauhan and others. The partners will also line-up international concert with contemporary pop singers currently ruling the billboard charts worldwide.

Commenting on its partnership with Universal Music, Mr Mahesh Prasad, President Marketing – Wireless Business, Reliance Communications said, "Our exclusive partnership with Universal Music is among the tie-ups crafted for our customers as part of RCOM's 3G launch. The Universal partnership will be leveraged to launch Simply Music Initiative for our 110 million mobile customers with an all around never before music experience across multiple channels and extended to 3G customers at its launch. The Simply Music Initiative will keep the customer engaged on an ongoing basis by providing exclusive and differentiated music content."

Says Rajat Kakar, Managing Director, Universal Music India, "Universal Music is delighted to partner with Reliance to offer the Indian consumers a "Money can't buy" proposition! Our Global expertise combined with the power of some of the finest International and Domestic content will deliver to Simply Music consumers never before musical experiences. Wrap around, 360 degree, seamless music consumption on-the-go, on ground, both in India and Overseas are some of the attributes of this exclusive initiative with RCOM which will enthral and delight consumers in a first of its kind initiative in India."

As part of the first consumer effort Reliance Communications is launching Simply Music Initiative across the country. This is a holistic music pack offering services like exclusive caller tunes, ring tones, Mobile Radio Web Streaming, Full tracks etc for all Reliance customers across GSM and CDMA networks. Simply Music comprises of two unique packs – Gold and Platinum.

  • The Simply Music Gold Pack will comprise of 3 full length track, 3 ringtone, 4 callertune and 30 minutes mobile Radio Web streaming. This pack will be available for a monthly subscription of Rs 25 only.
  • The Simply Music Platinum Pack will comprise of 10 full length tracks, 10 ringtones, 10 callertunes and 100 minutes of mobile Radio Web streaming. The Platinum pack will be available for a monthly subscription of Rs 99 only.

As part of its ongoing product innovation, RCOM will make Simply Music a long term customer engagement initiative by infusing dynamic novelty in the Offering on an ongoing basis.

As the use and demand for smartphones increases and driven by increased consumer spending on leisure items and entertainment services, Reliance Communications sees a huge opportunity to reach out to these "young at heart" GSM customers through such differentiated offerings following the roll-out of its 3G services in India. Reliance will ensure that the music content offered through these partnerships will have mass appeal as well as extensive usage potential besides providing entertainment for leisure time.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 110 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometres of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About Universal Music Group

Universal Music Group is the world's leading music company with wholly owned record operations or licensees in 77 countries. Its businesses also include Universal Music Publishing Group, the industry's leading global music publishing operation.

Universal Music Group's record labels include A&M/Octone, Decca, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Interscope Geffen A&M Records, Island Def Jam Music Group, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Polydor Records, Show Dog – Universal Music, Universal Motown Republic Group, Universal Music Latino and Verve Music Group as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalog of music in the industry, which includes the last 100 years of the world's most popular artists and their recordings. UMG's catalog is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes eLabs, its new media and technologies division; Bravado, its merchandising company; and Twenty-First Artists, its full service management division. Universal Music Group is a unit of Vivendi, a global media and communications company.

About Universal Music India:

Universal Music India Pvt. Ltd. (UMIPL) is a 100% subsidiary of the Universal Music Group. UMIPL has an extremely rich Indian catalogue comprising songs from Classic Hindi and Regional Films, IndiPop, Bhangra, Ghazals and Devotional. It's enviable catalogue includes artistes such as Asha Bhosle, Anup Jalota, Bombay Vikings, Jagjit Singh, JoSh, Malkit Singh, Pankaj Udhas, Panjabi MC, Raghav, Bohemia, Mohit Chouhan to name a few. UMIPL `film' catalogue (the 2nd largest in India) spans music from blockbusters such as Sholay, Qurbani, Amar Akbar Anthony, Chori Chori Chupke Chupke, Devdas and Munnabhai MBBS amongst the numerous jewels which symbolize the musical journey from the 70's to date. On the International music front, UMIPL are the clear market leaders with artistes such as ABBA, Akon, Bon Jovi, Bryan Adams, The Black Eyed Peas, Enrique Iglesias, Eminem, Lady Gaga, Taylor Swift, Justin Bieber amongst host of others, popular music icons and household names in India.

Reliance Infrastructure Announces Q1 Results. Net Profit Up By 6% To Rs. 375 Crore (US$ 81 Million)
Reliance Life Insurance Crosses Six Million Policies

Reliance Life Insurance Crosses Six Million Policies

  • Achieves 6 million policies landmark in less than five years
  • Aims 10 per cent overall market share in 3 years, to be the largest private sector insurer
  • Targets overall annual business premium of Rs 20,000 crore and AUM of Rs 30,000 crore in next two years
  • Plans to tap growing health insurance segments

Shimla, Himachal Pradesh, July 9, 2010: Reliance Life Insurance Company Limited (RLIC), a part of Reliance Group, today announced that it has crossed the 6 million policies milestone in less than five years, making it one of the fastest private life insurers to record this milestone in such a short span of time.

This was announced by Mr. Malay Ghosh, President and Executive Director, Reliance Life Insurance here today.

“The 6 million policies landmark in less than five years of operations is a testimony to the trust and confidence our customers have bestowed in the company and its offerings” said Mr. Ghosh.

The company also said that it issued over 2.3 million policies in 2009-10, which is the largest new business addition by the company in any fiscal year.

“We clocked over 2.3 million policies in a single year, the highest by the company in any one year. Our rural presence added significantly to this milestone. We plan to strengthen our product portfolio and distribution reach in the coming years to increase this number substantially” said Mr Ghosh

Elaborating on the business plan for the company in next few years, Mr Ghosh said the company is targeting a 10 per cent overall market share in the next three years to become one of the largest private sector insurers.

“We hope to achieve an overall premium of Rs 20,000 crore and more than double our assets under management to cross over Rs 30,000 crore in the next two fiscal”, said Mr Ghosh

Apart from a healthy mix of unit linked and traditional products, RLIC plans to also focus on evolving health insurance segments in the country.

''Health insurance sector offers sizeable growth opportunity. We are strengthening our health insurance portfolio with innovative products that include total reimbursable health expenses, individual and family floater on both group and individual product platforms, long-term care among others. We aims to be amongst the top three health insurers by 2012,'' said Mr Ghosh.

At present Reliance Life Insurance has an AUM of Rs 13677 crore and a market share of 10.2 per cent amongst private life insurers (as on March 31, 2010). The company operates through strong distribution network of 1,247 branches with over 1,95,000 agents.

About Reliance Life Insurance Company Limited

www.reliancelife.com

Reliance Life Insurance Company Limited is one of the India's top private sector life insurance companies with business premium including renewal premium of over Rs 6,605 crore (as on 31st March 2010). It has a pan-India presence and a range of products, as many as 45, catering to individual as well as corporate needs. Reliance Life Insurance Company Limited is a part of Reliance Capital Limited, which is a part of the Reliance Group. The company aims to attain a leadership position in the market in the next few years by further expanding and strengthening its distribution network.

Reliance Communication launches India’s first “Live Chat” Customer Service Initiative

Reliance Communication launches India’s first
“Live Chat” Customer Service Initiative

MUMBAI, June 21, 2010: 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.

According to Anurag Prashar, President Corporate & Wireless – Customer Service, Reliance Communications, “Our data customers are internet savvy. Many of them, whether company executives, professionals, students, teenagers and even business owners, have had experience with various messengers and live chat utilities. This makes adoption of the online customer care delivery system much easier. As we expand to enhance this delivery channel, we plan to extend its coverage to our voice customers too. This is in line with our Service strategy of leading the industry through innovation and personalized care”.

RCOM has established the ‘Live Chat’ Contact Center at the company’s headquarter at New Mumbai. This facility will have over 500 dedicated workforce equipped to handle 75,000 live customer interactions in a day.

As Reliance Communications begins the journey towards 200 million customers, the company is adopting a multi-pronged customer-focused strategy with the expansion of its GSM network and CDMA mobile broadband network, while focusing on customer-centric innovations and enhancing the overall Customer Experience. The launch of ‘Live Chat’ forms the first step in this customer-oriented focus and enhancing the overall customer experience. RCOM is going Live with its Live Chat service across 15,000 towns with a scale-up plan to cover 24,000 towns by end of the first quarter of this fiscal.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 105 million including over 2.5 million individual overseas retail customers and nearly 3 million DTH customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 route kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RCOM announces unlimited internet access on mobile

RCOM announces unlimited internet access on mobile

  1. Announces launch of Unlimited MobileNet Plan for GSM subscribers
  2. Offers flexibility to access internet on the move anytime, anywhere and bundled content download for prepaid subscribers
  3. Easy access to social networking sites, IM applications, chat services and email
  4. RCOM to leverage nationwide distribution muscle to market MobileNet

Mumbai, June 16, 2010: Reliance Communications, (BSE: RCOM), India’s largest and only telecom operator offering nationwide CDMA and GSM mobile services, as part of its plans to launch 3G services, is implementing major initiatives to create a platform for the roll-out of 3G services in the country. The company is taking the first step by creating an enabling environment for greater adoption of mobile internet in India as a long term measure to facilitate mass adoption of 3G services in the country. RCOM has won license to offer 3G services in 13 Indian circles including Mumbai and Delhi.

As part of its strategy to create an enabling environment for mobile internet services, RCOM is rolling-out a specialized MobileNet plan across India. This unique plan will offer unlimited internet access to RCOM’s subscribers through their mobile phones at Rs 99/- per month. RCOM, through this plan will also allow customers to access social networking sites like Facebook, Orkut, instant messaging applications, chat services, Yahoo mail, Gmail, Hotmail on the move and also download free multimedia content on-deck.

Commenting on the new offering, Mr Mahesh Prasad, President Marketing – Wireless Business, Reliance Communications said, "An environment that facilitates large scale mobile internet usage is key to the success of 3G in India. Through our special MobileNet Plan we are gearing up to create an enabling infrastructure that will allow customers to seamlessly adopt 3G services on the move in India. This special mobile internet plan offers seamless connectivity to the Internet on mobile across the country. Our customers will be allowed unlimited access to internet and any sites of their choice on the move using the mobile as an intermediate."

This MobileNet Plan will be available to new and existing, post-paid and prepaid subscribers of RCOM's GSM service. As part of its business outlook, RCOM expects the GSM business to make significant contribution to its mobile data revenues and usage. In order enable adoption of mobile internet services amongst prepaid customers, RCOM has bundled free access to its VAS platform R-World as well as free multimedia content worth Rs 99/- alongwith the Unlimited MobileNet Plan.

RCOM’s Mobile Internet Plans are also available at lower subscription rates for the convenience of the customers. These include Day Pass @ Rs 5, Weekly Pass @ Rs 29, Fortnight Pass @ Rs. 51

Reliance Communications is rolling out this plan across 24,000 cities and 600,000 villages in India. The importance RCOM impresses on its mobile data revenues is emphasized by the fact that the company is rolling out its MobileNet offer on a mammoth scale in the country. RCOM will leverage its entire retail distribution network comprising of over 240 Reliance World Stores, over 2500 Reliance Mobile Stores and more than 2500 Reliance Mobile & Reliance World Stores and over 7 lakh retailers to market this product.

As per RCOM’s Fair Usage Policy, the unlimited mobile internet access is capped at 2.5GB per month.
Beyond quota usage charges of 10p/10kb only

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 109 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Dhirubhai Ambani Institute of Information and Communication Technology (DA-IICT) conducts online entrance tests at Reliance World for admission to its programmes

Dhirubhai Ambani Institute of Information and Communication Technology (DA-IICT) conducts online entrance tests at Reliance World for admission to its programmes

  • Online Entrance Test conducted for DA-IICT's M.Sc.(IT) and M.Sc.(ICT in Agriculture and Rural Development) programmes.
  • Over 1000 candidates appeared for the online test at 29 Reliance World stores across India.

MUMBAI, June 7, 2010: Dhirubhai Ambani Institute of Information and Communication Technology (DA-IICT), established in 2001 in Gandhinagar, Gujarat, is a highly advanced educational and research institution and part of the Reliance-Anil Dhirubhai Ambani Group. DA-IICT offers programs in B.Tech.(ICT), M.Tech.(ICT), M.Sc.(IT), M.Sc.(ICT in Agriculture and Rural Development), M.Des.(Communication Design), a 5-year dual degree and Ph.D. On 30th May, 2010, DA-IICT conducted its first ever online entrance examination for admission to its M.Sc.(IT) and M.Sc.(ICT in Agriculture and Rural Development) programmes at Reliance World, the nationwide chain of retail outlets managed by Reliance Webstore Limited (a Reliance ADAG company).

The online entrance examination, which lasted for 1 hour was conducted at 29 Reliance World stores spread across 14 cities in India. A total of 1011 candidates took the test online simultaneously.

Reliance World's Online Testing or Online Assessment (OLA) service is a quick, efficient and cost-effective way of filtering/assessing a large number of candidates simultaneously. Up to 10000 candidates can be assessed in a single day at the 200+ Reliance World stores across India.Speaking about Reliance World's OLA facilities, Mr. Darayus Mehta, VP & Head-Video Conferencing & Corporate Sales, Reliance Webstore Ltd., said, "Reliance World has a robust and proven online assessment engine that provides a unique platform for institutions to conduct online examinations in a controlled environment. Several organisations have been using our OLA service to evaluate potential candidates for jobs and conduct post-training assessment. Given Reliance World's pan India presence, this translates into a win-win for the organisation as well as the test takers."

Speaking about the features of the Online Assessment engine, he said, "It offers a highly intuitive interface with several built-in security features and bilingual support to test-takers." Elaborating on the test engine's capability and versatility, Mr. Mehta said, "It gives a section-wise break-up of the questionnaire, has a provision for Random Question Generator (RQG) and the ability to save questions and tests in the database for future use. Reliance World also offers proctoring services and technical support by qualified Test Centre Administrators."

Speaking on the online entrance exam for admissions to its M.Sc.(IT) and M.Sc.(ICT in Agriculture and Rural Development) programmes, Dr. Sanjay Chaudhary of DA-IICT, said, "The objective of introducing online entrance test is to offer greater convenience to the candidates taking the test. The fact that Reliance World has more than 200 test centers across India gives us the opportunity to reach out to a larger and wider candidate base. It also means that candidates do not have to travel out of their cities and have the flexibility to opt for a test centre that is near them."

Commenting on the service provided by Reliance World, Dr. Chaudhary said, "This is the first time that we are conducting our entrance exam online and we are very satisfied with the professionalism, technology and smooth delivery of the process. Reliance World is an ideal partner as it has an all-India reach, excellent infrastructure, robust, scalable and secure technology platform & engine. It is driven by excellence in process and execution and has a proven track record. Right from verification of the candidate and setting up of the PC to proctoring and delivery of test results, Reliance World provided us with end-to-end services."

"Online entrance exams score over traditional pen and paper exams in many ways. Executing pen and paper exams is a logistical nightmare as it involves humongous amount of people, time, money and effort and is prone to human errors and integrity issues. It has an adverse impact on the environment due to wastage of paper in logistics of transportation of manpower and question and answer sets across all cities. In addition there are issues of security and confidentiality. Whereas Online Assessments are simple, fast, secure and hassle free." concludes Mr. Mehta.

About Reliance World

Reliance World is a nationwide chain of retail stores managed by Reliance Webstore Limited-a Reliance Anil Dhirubhai Ambani Group company. The stores are designed to give the customer a delightful experience of the digital world of information, communication, entertainment and utility services.
Besides offering the products and services of Reliance Communications, Reliance World showcases all retail offerings of the Group's brands, including Reliance Big TV DTH and Big Flix Video Rentals. The stores also offer a wide range of interesting and innovative products & services, beyond the Group's brands.

All Reliance World stores are connected to Reliance's countrywide optic fibre network. The Broadband Centre at Reliance World leverages this broadband network to offer High-Speed Internet Surfing, Online Gaming, Video Conferencing, Digital Electronic News Gathering, Digital Services, eLearning, Ready-to-use Offices and many more services.

Currently, there are 233 Reliance World stores across 104 cities in India and the network continues to expand to more locations & cities.

For more information on Reliance World, visit www.relianceworld.in

About DA-IICT

DA-IICT is recognised as a full-fledged state university under the State Act of Gujarat. DA-IICT is also included in the list of universities maintained by the University Grants Commission (UGC). Established in Gandhinagar in 2001, DA-IICT is the only advanced institute named after the Late Dhirubhai Ambani, the founder of Reliance Group.

DA-IICT is staffed with highly qualified faculty and is supported by state-of-the-art e-enabled infrastructure that brings research-led teaching to the classroom. DA-IICT offers undergraduate, postgraduate, doctoral and continuing education programmes

For more information on DA-IICT, visit www.daiict.ac.in

RCOM makes Rs 8585 crore payment towards 3G spectrum to DoT for 13 circles

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

Mumbai, May 31, 2010: 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.

The Circle-wise break-up of the Rs 8585.04 crore 3G spectrum fees paid by RCOM to Department of Telecommunications is:

Circle 3G Spectrum Fee Circle 3G Spectrum Fee
       
Delhi Rs 3316.93 crore West Bengal Rs 123.63 crore
       
Mumbai Rs 3247.07 crore Himachal Pradesh Rs 37.23 crore
       
Kolkata Rs 544.26 crore Bihar Rs 203.46 crore
       
Punjab Rs 322.01 crore Orissa Rs 96.98 crore
       
Rajasthan Rs 321.03 crore Assam

Rs 41.48 crore

       
Madhya Pradesh Rs 258.36 crore Jammu & Kashmir Rs 30.3 crore
       
North East Rs 42.3 crore    

RCOM won 3G spectrum in all circles where it has 900 MHz spectrum. The 13 circles where it has obtained 3G spectrum includes all high growth ‘C’ circles for less than Rs 500 crores. This makes RCOM the only operator that has pan India 3G capability in CDMA and among the top 3 with highest coverage in WCDMA

RCOM will have minimal 3G network capex investment due to its nationwide state-of-the-art 3G ready GSM network. RCOM will strongly leverage its media, gaming, cinema and broadcasting capabilities to offer its customers a unique “true 3G experience”.

RCOM's nationwide 3G-Ready network offers a number of innovations to its over 102 million customers. These include:

  • Next-gen electronics for super digital voice clarity
  • Seamless coverage on major railway routes, national and state highways through dedicated mobile towers
  • Access to a Reliance owned fibre network for unlimited capacity - both in India and overseas, resulting in unmatched quality on local, STD or ISD calls
  • Nationwide enhanced capabilities for fastest internet access speeds
  • Stutter-free video capability including numerous TV channels, sports updates as well as access to popular video sharing websites like Youtube
  • Widest R-World mobile content offering entertainment, music, news, cricket, Bollywood, maps and search
  • One-click set-up and access to email and social networking offering convenience of a PC

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 109 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For Further Information Please Contact Reliance Communications

Name

Freddy Castro

Anuj Bakshi

Reliance Mobile

+91 9321925648

+91 9321721722

Email

frederick.castro@relianceada.com

anuj.bakshi@relianceada.com

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Reliance Webstore commences market roll-out of India's cheapest touchscreen CDMA phone

Reliance Webstore commences market roll-out of India's cheapest touchscreen CDMA phone

  • Coolpad S100 CDMA touchscreen phone launched in sub-4500 price range
  • Coolpad to introduce 15 CDMA phones during this fiscal
  • Coolpad targets one million CDMA handset sales annually in India
  • Coolpad has a strategic distribution alliance with RCOM's retail subsidiary, Reliance Webstore

MUMBAI - May 27, 2010: Reliance Webstore, the retail subsidiary of Reliance Communications and Coolpad Communications, the Indian joint-venture of Hong-Kong listed China Wireless Technologies Limited, has commenced the market roll-out of India's cheapest touchscreen CDMA phone, S100, across the country. The handset will be distributed as well as retailed through Reliance World stores across 100 top Indian cities.

While Coolpad has already introduced its dual-mode handsets to India, the S100 is Coolpad's first CDMA-only handset being introduced in the country. China Wireless, through its Indian JV, formally entered the Indian market last year by signing an exclusive distribution agreement with Reliance Webstore Limited. This is part of Coolpad's focus to establish its presence in the Indian CDMA handset market which accounts for nearly 2 million handset sales every month.

According to Sami Al-Lawati, Managing Director, Coolpad Communications, "In the current scenario, we see CDMA subscribers as the key drivers of mobile data business in India. Feature-rich CDMA handsets will play a crucial role in addressing this segment. Currently, the operator pushed CDMA handsets are primarily in the sub-2000 price bracket. Telecom operators typically bundle talk-time with entry-level handsets as part of their subscriber acquisition strategy. However, amongst the 120 million CDMA subscriber base in India, almost 30% use CDMA smartphones. This captive customer base of CDMA smartphones, as well as the increasing base of CDMA-users who want more features in their phones, offers Coolpad an opportunity to address the CDMA segment with the right products, at very attractive price-points."

Coolpad will follow a two-pronged strategy to drive its CDMA volumes. While the Operator-bundled offerings will help Coolpad gain volumes in the Indian market for its entry-level CDMA phones, the unbundled retail drive will help Coolpad enhance smartphone volumes as well as gain necessary hold on margins. Upgrade offers (from a low-end handsets to smartphones or feature-rich handsets) will be an important component of the latter strategy.

Coolpad S100 will be offered in the sub-4500 price-point, making it nearly 30% cheaper than similar touchscreen phones in the market. Coolpad plans to launch over 15 CDMA handset models in India during the current fiscal. The high-end handsets will be dual-mode (CDMA/GSM, while single-mode CDMA handsets will be in sub-5000 price range. Following the launch of these 15 CDMA handsets, Coolpad is targeting one million annual handset sales in India. Coolpad will extensively leverage its distribution partnership with Reliance Webstore to drive these volumes in the market.

Reliance Webstore will market Coolpad CDMA handsets, including the newly introduced S100, across the country. The company expects a substantial growth in the overall handset volumes sold in through Reliance World and Reliance Mobile Stores over the next two to three quarters.

Coolpad's exclusive distribution tie-up with Reliance Webstore was signed in October 2009. This marked Coolpad's formal entry into in the Indian handset market--its first foray outside China. The distribution tie-up with Reliance Webstore offers Coolpad direct market access across 700 Indian cities.

About Reliance Webstore Limited

Reliance Webstore Limited, a Reliance Group company and a wholly owned retail subsidiary of Reliance Communications, operates the nationwide chain of Reliance World retail stores. The stores are designed to give the customer a delightful experience of the digital world of information, communication, entertainment and utility services.

Currently, there are 235 Reliance World stores across 104 cities in India and the network continues to expand to more locations and cities. Besides offering the products and services of Reliance Communications, Reliance World showcases all retail offerings of the Group's brands, including Reliance Big TV DTH, Big Flix Video Rentals and Reliance Money financial services. The stores also offer a wide range of interesting and innovative products & services, beyond the Group's brands.

All Reliance World stores are connected to Reliance's countrywide optic fibre network. The Broadband Centre at Reliance World leverages this broadband network to offer High-Speed Internet Surfing, Online Gaming, Video Conferencing, Digital Electronic News Gathering, Digital Services, eLearning, Ready-to-use Offices and many more services. For more information on Reliance World, visit www.relianceworld.in

About China Wireless Technologies Limited

China Wireless Technologies Limited (Listed on the main board of HKEX. Stock Code 2369) is dedicated to wireless data integration solutions with smart phones at the core. It is a professional provider of integrated solutions for smart phone sets, mobile data platform systems and value-added business operations in China.

China Wireless Technologies Limited (the "Company") was incorporated in the Cayman Islands as an exempted company with limited liability on 11 June 2002. The shares of the Company (the "Shares") were listed on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 9 December 2004 (Stock Code: 2369).

In the last decade, capitalizing on the development of wireless telecommunications technological know-how in wireless telecommunications across multiple wireless telecommunications network standards including paging, GSM, CDMA1X, TD-SCDMA and PHS network, the Company and its subsidiaries (the "Group") have developed a number of various proprietary technologies and patents such as operating systems, radio frequency, protocols and wireless data decomposed transmission technology. The Group has developed advanced research and development capabilities in mobile communications and gradually becomes a leader of high-end dual-mode smartphone in the global telecommunications market.

Reliance Communications (Rcom) Announces Audited Financial Results For The Quarter Ended March 31, 2010

Reliance Communications (Rcom) Announces Audited Financial Results For The Quarter Ended March 31, 2010

  • q4 net profit at Rs. 1,220 crore (US$ 270 million), up by 10.1% as compared to last quarter
  • Net Profit FY10 at Rs. 4,655 crore (US$ 991 million)
  • net Profit fy10 would have been higher by Rs. 192 crore at Rs. 4,847 crore but for non recognition of mark-to-market gains on derivative contracts
  • Revenues at Rs. 22,132 crore (US$ 4,713 MILLION)
  • EBITDA at Rs. 7,821 crore (US$ 1,665 million), with EBITDA margin of 35.3%
  • BOARD APPROVES 17% DIVIDEND, payout of Rs. 205 crore, the only telecom company in India to declare dividend for three consecutive years
  • Minutes of usage increased from 276 billion to 349 billion, up by 26% as compared to last year
  • Globalcom & Enterprise business EBITDA represents 36% of consolidated EBITDA
  • Achieves 100 million subscriber milestone; becomes 4th largest single country operator in the world

Mumbai, May 15, 2010: Reliance Communications Limited (RCOM) today announced its audited consolidated financial results for the year ended March 31, 2010.

Highlights of the financial performance for the year are:


  • Net Profit of Rs. 4,655 crore (US$ 991 million)
  • EBITDA at Rs. 7,821 crore (US$ 1,665 million), EBITDA margin at 35.3% with strong contribution from all businesses - Wireless, Global and Enterprise
  • Revenue at Rs. 22,132 crore (US$ 4,713 million)

Commenting on the results, Mr Anil Dhirubhai Ambani, Chairman, Reliance Communications Limited, said:
"The telecom industry has witnessed financial year 2010 as one of the most challenging year. RCOM has undertaken several path breaking initiatives both in GSM and CDMA services and we are confident that inspite of highly competitive environment, we will be able to sustain profitable growth in the coming quarters."

CORPORATE HIGHLIGHTS

  • Reliance Communications achieves a landmark of 100 Million Customers

RCOM, India's largest and only telecom operator offering nationwide CDMA and GSM mobile services, have crossed the landmark 100 million wireless customers, making it the 2nd largest wireless operator in the country to achieve this milestone. The momentous 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 customers in the world. With this landmark achievement, Reliance Communications becomes the 4th operator in the world to serve over 100 Million customers in a single country.

  • Reliance Communications breaks away from tariff metering tradition of Indian telecom industry

Following the success of its first three Simply Reliance Initiatives, Reliance Communications announced the extension of Simply Reliance through another ground-breaking Simply Unlimited CDMA Offer, as part of its 100 Million Customers Milestone celebrations. Through this new Offer Reliance Communications breaks away from the conventional tariff metering practise of the Indian telecom industry. The new Simply Unlimited CDMA Offer aims to redefine the Indian mobile telecom space as well as expand the overall Simply Reliance portfolio through yet another simple and transparent Offering that delivers enhanced value through a single unconditional monthly recharge facility.

  • Reliance BIG TV launches India's first HD DVR service

Reliance BIG TV, the DTH entertainment service from Reliance Communications, as part of its business strategy announced a path breaking, first-of-its-kind technological innovation that will redefine the DTH landscape in the country. Reliance Big TV commenced the roll-out of India's first High Definition set-top box with Digital Live TV Recording capabilities. Big TV is rolling out its HD DVR set-top box across top 100 cities in India and will be supported by India's largest distribution infrastructure of a home entertainment service covering 6500 towns with a network reach of over 100,000 retail points. Reliance Big TV is also offering a 3-in-1 Universal Remote to enable its subscribers to the advantage of using single remote to control three devices namely, the TV, Set-Top Box and any other music/ disc player system.

About Reliance Communications
Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 109 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. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary

(Rs. Crore)

Particulars

3 months ended 31/03/10

3 months ended 31/03/09

Increase / (Decrease)

Turnover


Wireless 16640 17368 -4.20%
Global 8319 6791 22.50%
Broadband 2839 2524 12.50%
Diversified 1177 1003 17.40%
Total (post eliminations) 22132 22949 -3.60%




EBITDA


Wireless 5586 6674 -16.30%
Global 1696 1625 4.40%
Broadband 1147 1158 -0.90%
Diversified -570 -120
Total (post eliminations) 7821 9305 -16.00%




EBITDA margin 35.30% 40.50% -5.2 ppt




Depreciation 3747 3608
Financial Charges (net) -1186 -507
Exceptional items 38 8
PBT 5223 6197 -15.70%
Tax 445 -52
PAT (before minority interest) 4777 6249
Share of minority interest 122 204
PAT (after minority interest) 4655 6045 -23.00%

Reliance Communications breaks away from tariff metering tradition of Indian telecom industry

Reliance Communications (Rcom) Announces Audited Financial Results For The Quarter Ended March 31, 2010

  • Takes Simply Reliance initiative to the next level
  • Offers ground-breaking Prepaid CDMA Unlimited Pack that allows unlimited, unconditional talktime for a one-time monthly charge
  • Maintains the flexibility for all calls to Any Network, Anywhere, Anytime in India
  • Applicable to calls made to Mobile, Landline and FWP

MUMBAI, May 6, 2010: Following the success of its first three Simply Reliance Initiatives, Reliance Communications today announced the extension of Simply Reliance through another ground-breaking Simply Unlimited CDMA Offer, as part of its 100 Million Customers Milestone celebrations. Through this new Offer Reliance Communications breaks away from the conventional tariff metering practise of the Indian telecom industry. The new Simply Unlimited CDMA Offer aims to redefine the Indian mobile telecom space as well as expand the overall Simply Reliance portfolio through yet another simple and transparent Offering that delivers enhanced value through a single unconditional monthly recharge facility.

Under the Simply Unlimited CDMA Offer, Reliance Communications is launching two unique calling packs:

The Simply Unlimited CDMA Local Pack allows Reliance customers unlimited local calling at a monthly recharge of Rs. 299. This pack offers Unlimited Onnet free calls to any local Reliance phone as well as virtually Unlimited free local calls to any other network. All National Long Distance within Reliance network and National Long Distance to all other networks will be charged at 50 paisa / min

The Simply Unlimited CDMA Local Pack allows Reliance customers unlimited local calling at a monthly recharge of Rs. 299. This pack offers Unlimited Onnet free calls to any local Reliance phone as well as virtually Unlimited free local calls to any other network. All National Long Distance within Reliance network and National Long Distance to all other networks will be charged at 50 paisa / min

The primary objective of the Simply Unlimited CDMA Offer is "simplification to the core" and extends the Simply Reliance initiative of per second, per minute and per call to per month basis without further reservations on usage, balance, recharge etc for Reliance Mobile CDMA prepaid customers

Commenting on the new simplified offering, Mr Syed Safawi, CEO - Wireless Business, Reliance Communications said, "The launch of Simply Reliance Initiative last year simplified the confusion resulting out of 1000's of tariff Plans. With the launch of our new Pack today, we aim to address the customers' need of a large group who do not wish to be bogged down by concerns related to balance, recharges etc. The new product aims to cater to diverse customer needs with the same simplicity & unconditional transparency."

Reliance is launching the Simply Unlimited CDMA Offer for existing as well as new customers. This new Offer is a direct result of research undertaken by the company to understand customers' tariff expectations from its mobile operator. A large group of customers in the mid and high usage segments are still confused about the multiplicity of current tariffs which range from seconds-based to minute-based to call based variants. RCOM's new Pack eliminates the still existing multiplicity of current tariff plans in the form of pulse rate, on-net or off-net distinctions, night or day calling, mobile, landline or FWP calling, local or long-distance calling practises. Reliance Communications will leverage its large scale of operations, enormous capacity and unmatched telecom network to drive these pricing innovations.

Commenting on the simplicity of the new Offer, Mr Mahesh Prasad, President Marketing - Wireless Business, Reliance Communications said, "Most of the current market offerings make certain distinction in terms of usage on local versus long-distance, , on-net versus off-net calling or daytime versus night time. Through our Simply Unlimited CDMA Offer, we plan to further simplify this confusion by doing away with the tariff metering practices of the Indian telecom industry since the introduction of first mobile service in India."

This new offering under Simply Reliance Initiative extends tariff-less benefit to:

  • All Local calls
  • All STD calls
  • To any CDMA or GSM Mobile or Landline on any network
  • Anytime of the day or night
  • Without any hidden charges or any conditions, whatsoever

Simply Reliance Initiative is supported by RCOM's 3G-Ready network offering a number of innovations to our customers. These include:

  • Next-gen electronics for super digital voice clarity
  • Seamless coverage on major railway routes, national and state highways through dedicated mobile towers
  • Access to a Reliance owned fibre network for unlimited capacity - both in India and overseas, resulting in unmatched quality on local, STD or ISD calls
  • Nationwide enhanced capabilities for fastest internet access speeds
  • Stutter-free video capability including numerous TV channels, sports updates as well as access to popular video sharing websites like Youtube
  • Widest R-World mobile content offering entertainment, music, news, cricket, Bollywood, maps and search
  • One-click set-up and access to email and social networking offering convenience of a PC

The new Simply Unlimited CDMA Offer is being offered with fair usage in mind to bonafide retail customers and not for commercial use. Both the Unlimited Packs are subject to Fair Usage condition of 30 mins/day (900 mins/month) applies to Offnet calls. Beyond 30 mins/day, these calls will be charged at 50 paisa / min

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of ~ 110 million including over 2.5 million individual overseas retail customers and nearly 3 million DTH customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 route kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

BIG TV launches India's first HD DVR Service

BIG TV launches India's first HD DVR Service

  • HD DVR set-top box with 3-in-1 features
    • HD capabilities
    • Digital video recording features with recording up to 200 hours
    • Universal remote to control TV-DVD-Set Top box
  • Forges Alliance with five Channels to bring HD services in India
  • Most affordable HD DVR service @ Rs 7490

Mumbai, May 5th 2010: Reliance BIG TV, the DTH home entertainment service from Reliance Communications, as part of its business strategy announced a path breaking, first-of-its-kind technological innovation that will redefine the DTH landscape in the country.

Today, Reliance Big TV commences the roll-out of India's first High Definition set-top box with Digital Live TV Recording capabilities. Big TV is rolling out its HD DVR settop box across top 100 cities in India and will be supported by India's largest distribution infrastructure of a home entertainment service covering 6500 towns with a network reach of over 100,000 retail points.

Commenting at the launch of Reliance Big TV HD DVR, Mr. Sanjay Behl, CEO, Reliance Big TV said, ""This is India's first product with a dual benefit of High Definition viewing and Digital Video Recorder in a single Set Top Box. Further, Reliance BIG TV is the only service provider to offer recording capability upwards of 200 hours and a universal remote control which can manage upto 3 devices. This launch is part of Reliance Big TV's relentless pursuit of quality and profitable growth by blending best in technology, content experience, reach and service to bring world-class entertainment experience to our customers"

The high definition feature of Reliance Big TV HD DVR offers five times clearer & sharper image quality with two million pixel resolution and digital surround sound effect. The digital video recording capabilities offer features like pause, play and rewind Live TV, record Live TV to allow you to record a program while watching another channel.

The competitive advantage of Reliance Big TV HD DVR is its capability to record up to 200 hours of video programming, offering double the recording capacity compared to the competitive products in the market. Reliance HD DVR signifies that the consumer shift from standard definition (SD) to High Definition (HD) is well underway. Reliance Big TV's HD DVR service aims to revolutionize TV viewing by offering to consumers the dual benefit of High Definition video and advanced digital video recording features.

Reliance Big TV is also offering a 3-in-1 Universal Remote to enable its subscribers to the advantage of using single remote to control three devices namely, the TV, Set-Top Box and any other music/ disc player system.

Reliance Big TV is the first Indian DTH operator to offer a HD DVR set top box with a Universal Remote.

Reliance Big TV HD DVR set top box is priced at Rs. 7490/- making it the most competitive offering in the market.

In the non-south market, Reliance Big TV is launching the entry offer at Rs. 7990/-bundled with three months of Diamond Pack. In the southern market the entry offer is priced at Rs. 7,790/- bundled with five months of value pack with a full bouquet of sports channels. For existing Reliance Big TV customers the company is offering an upgrade option from SD to HD DVR at an exceptional price of Rs. 5,990/-.

As a part of its HD launch, Reliance Big TV has signed a HD content deal with National Geographic to offer its HD channels in India. Reliance Big TV as a part of its HD launch will offer the HD channels complementary through entry offers to all new customers. Over the next two months Reliance Big TV will launch five new HD channels and a host of HD content by forging strategic alliances with top global HD content providers.

Reliance Big TV will launch its HD DVR marketing campaign across top 100 cities as part of the launch phase. It will comprise of an aggressive multimedia campaign across television, print, digital, social, retail media and BTL mediums. The company plans to spend over Rs. 100 Cr. as part of its launch campaign.

As a part of its strategic business plans, the company is adding two new transponders that will allow Reliance Big TV additional bandwidth to offer more HD content and channels for the next one year as well as increase it overall channel capacity to over 300. The company also plans to launch six new interactive services during this fiscal.

About Reliance BIG TV DTH:

A wholly owned subsidiary of Reliance Communications, India's largest integrated telecom service provider, offers India's first fully Digital Home Entertainment Service using MPEG-4 platform, under BIG TV DTH brand. The world's most advanced MPEG4 DTH technology platform enables BIG TV DTH to offer over 200 TV, Cinema and Audio channels, the highest by any other DTH operator in the country. With 32 exclusive movie channels in English, Hindi and Regional languages, BIG TV DTH offers a choice of 600 new movies every year, unmatched by any DTH or cable operator in the country.

The country's largest on-ground infrastructure for a Home Entertainment created by BIG TV DTH would enable the company to serve over 5 million new customers every year and will offer multiple price points and packaging offers to suit needs of all customer segments. The state-of-the-art Customer Service mechanism is fully functional and ready to serve a minimum of 50,000 customers every day in 11 Indian languages. Available at launch at 1-lakh retail outlets across 6500 towns, over 2000 exclusive Reliance branded stores, BIG TV DTH is the largest retail rollout of a Home Entertainment Service in India. BIG TV DTH Toll Free Number: 1-800-200-9001; Website: www.BIGTV.co.in SMS BIGTV to 55454.

Reliance Communications signs strategic alliance with GetJar to create India's largest and free mobile Apps Store

Reliance Communications signs strategic alliance with GetJar to create India's largest and free mobile Apps Store

Mumbai, India- April 27, 2010 : Reliance Communications (BSE: RCOM), India's largest and only telecom operator offering nationwide CDMA and GSM mobile services, and GetJar, the world's second largest app store announced today a strategic alliance between the two companies. According to this alliance, GetJar will offer Reliance Communications its extensive catalog of over 65,000 free mobile applications. Reliance Communication's over 100 million subscribers will gain immediate access to GetJar's massive library of applications via a GetJar apps store through RCOM's VAS platform R-World. GetJar will also enable RCOM to offer its Apps Store to a large bandwidth of mobile handsets across multiple brands and not remain restricted to a few high-end smartphones. Reliance Communications will offer the GetJar Apps Store across GSM and CDMA networks.

As the world's largest independent app store, GetJar is the most cost effective, easy and scalable distribution channel RCOM will be able to leverage in order to generate traffic to its network. With over 300% growth year-on-year, GetJar averages nearly two million downloads per day globally. In India where mobile phones have become an important part of everyone's livelihood the country is adding more mobile phone subscribers each month than any other.

"We wanted to partner with the largest, most experienced, "open" application catalog provider to address virtually any device being used by our customers," said Mr. Anil Pande, Head - VAS, Reliance Communications, "Our partnership with GetJar means that all Reliance Communications customers will instantly have access to thousands of applications ranging from games, shopping and lifestyle applications to sports, entertainment and productivity applications."

"Our agreement with Reliance Communications allows it to immediately connect its customers with over 65,000 free applications with very little effort," said Ilja Laurs, founder and CEO of GetJar. "It made a great deal of sense to partner with India's largest integrated communication service provider as GetJar is also the fourth most visited mobile site in India. We are very excited to offer our catalog of free applications through Reliance Communications' R-World platform."

Reliance Communications customers will have access to thousands of applications ranging from games, social networking, sports, entertainment and productivity applications. Popular apps such as Facebook® Mobile, Yahoo!, Fandango and eBuddy can be easily downloaded to over 2300 handsets across all major platforms. RCOM will offer the service at 50 paise per MB of usage. The application download and use by itself will be free of cost.

The GetJar alliance is part of RCOM's strategy to offer a comprehensive Apps Store service that will include its white-field Apps store RWorld2.0 and GetJar's third party service offering over 65,000 mobile applications in all.

RCOM application store strategy is directly linked to increase in data traffic, increase in data plan adoption and sale of other services through the use of free applications. The enabler of enhanced data usage is possible when a key element is given away for free. The free applications in RCOM's Apps Store strategy will help achieve mass mobile data plan adoption and mobile internet use. This will be the immediate upside to its strategic alliance with GetJar.

Following the alliance with GetJar, Reliance Communications joins a list of leading global companies using GetJar's flexible, open app store approach including Sprint, Sony Ericsson, 3UK, The Carphone Warehouse and Virgin Mobile France.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 105 million including over 2.5 million individual overseas retail customers and nearly 3 million DTH customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 route kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About GetJar

GetJar is the world's second largest Apps store, second only to Apple iTunes, with over 900 million downloads to date. The company provides more than 65,000 mobile applications across all major handsets and platforms to consumers in more than 200 countries. In June 2009, GetJar was named winner of the 2009 Meffy Award for Best Direct to Consumer Service. GetJar is backed by marquee investor Accel Partners and is headquartered in Silicon Valley with offices in the UK and Lithuania. For more information: www.getjar.com and follow us on Twitter @getjar.

Reliance Communications commemorates 100 Mn customer landmark with Free Celebratory Airtime on March 28th

Reliance Communications commemorates 100 Mn customer landmark with Free Celebratory Airtime on March 28th

  • Biggest inventory of Celebratory minutes offered by any telecom company
  • Unlimited Celebratory minutes to be offered free on Reliance network
  • Free calling to all Reliance customers across CDMA, GSM and Hello users

Saturday, March 27th, 2010: Reliance Communications (BSE: RCOM), India's largest and only telecom operator offering nationwide CDMA and GSM mobile services, unveiled its first of the many initiatives lined up as a part of its 100 day celebratory period of achieving the 100 Mn customer landmark. Under the first-of-its-kind offer, valid on Sunday, the 28th of March, 2010, 100 Mn Reliance customers would be able to avail 24 hours of free local and STD calling across 24,000 towns and 6 lakh Indian villages on its nationwide wireless network.

As part of this special one day offer, Reliance Communications is offering unlimited calling (including local, STD and Roaming) free of cost on the Reliance network. In terms of size of inventory, this is one of the biggest celebratory airtime inventory ever offered by any telecom operator worldover on a single day. The unique one-day offer will be available to all new and existing Reliance customers across CDMA, GSM and Hello services on March 28th 2010.

Commenting on the celebratory offer for 100 Mn Reliance customers, Mahesh Prasad - President, Reliance Communications said, "We are truly humbled by the trust conferred on us by our customers. This is a small gesture to appreciate and express our gratitude to our 100 million customers - the biggest such offering ever made available anywhere in the world."

On March 15th 2010, Reliance Communications became India's 2nd operator and the 4th operator in the world to serve over 100 Million customers in a single country. The company has set a target to achieve the Next 100 Million customers on its wireless network in a record time of 1000 days, i.e. half the time taken to achieve First 100 Mn customers after launching nationwide mobile services.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 105 million including over 2.5 million individual overseas retail customers and nearly 3 million DTH customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 route kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications achieves a landmark of 100 Million Customers

Reliance Communications achieves a landmark of 100 Million Customers

  • Acquires 100 Million wireless customers in just 7 years of going Pan-India
  • World's youngest and fastest achiever of this momentous landmark
  • World's 4th operator with 100 Million Customers in a single country
  • Expanded customer base from 10 Million to 100 Million in less than 5 years
  • India's market leader in the Wireless Internet space

MONDAY, March 15, 2010: Reliance Communications (BSE: RCOM), India's largest and only telecom operator offering nationwide CDMA and GSM mobile services, today announced having crossed the landmark 100 million wireless customers, making it the 2nd largest wireless operator in the country to achieve this milestone. The momentous 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 customers in the world. With this landmark achievement, Reliance Communications becomes the 4th operator in the world to serve over 100 Million customers in a single country.

Commenting on the landmark achievement, Mr. Anil Dhirubhai Ambani, Chairman, Reliance ADA Group said: "The landmark 100 million mobile customer base makes us the youngest telecom operator to achieve this milestone in such a short span of time. Reliance Communications pioneered the mobile revolution in India and since then we have been the frontrunner of telecom innovations in the country. As we take the leap to achieve the 200 million mark, we will lead it from the front with more customer-centric innovations and service approach."

Reliance Communications now aims to achieve the next 100 million customers within the next 1,000 days. As part of this new leg of our journey, the company is adopting a multi-pronged customer-focussed strategy with the expansion of its GSM network and CDMA mobile broadband network, while focussing on customer-centric innovations and enhancing the overall Customer Experience. Reliance Communications is planning to rollout CDMA mobile broadband network offering Internet speed up to 3.1Mbps beyond 60 cities within the next 100 days, taking the total number of cities covered to 125 offering mobile broadband service.

According to Syed Safawi, CEO - Wireless Business, Reliance Communications, "We are delighted and humbled and thank our 100 million wireless customers who helped us cross this landmark in such a short span of time. We also owe this achievement to our trade partners who have bestowed confidence in the Reliance Mobile brand. Going forward, the customer additions will continue to be complemented with profitable growth. Our market leadership in the CDMA space combined and our recent entry into pan-India GSM service gives us an opportunity to go after the revenue growth. We shall strive to offer our CDMA and GSM services in new geographies and make it the most technologically superior service in India. We plan to share and celebrate this success on March 20th, 2010, which will become a memorable day in the history of telecom in India."

Reliance Communications has unveiled "100 Million Commemorative Logo" and announced plans of launching a slew of initiatives over the next 100 days. A customised "100 Million Caller Tune" will also be launched as part of the 100 Million announcement. The company's 100 Day Celebrations will run in 24,000 towns and 6 lakh villages across the country.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 100 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For Further Information Please Contact Reliance Communications

Freddy Castro
+91 9321925648
frederick.castro@relianceada.com

Anuj Bakshi
+91 9321721722
anuj.bakshi@relianceada.com

 
Rcom Partners With SNDT Women's University

Rcom Partners With SNDT Women's University

  • To jointly promote education among challenged children
  • To create resource hub
  • Sponsors 'Tarang 2010'
  • First ever initiative in Mumbai

Mumbai, February 11, 2010 : As part of its ongoing Reliance Group CSR initiatives, Reliance Communications has partnered with S.N.D.T Women's University, Mumbai for creating a resource hub aimed at promoting education among physically and mentally challenged children. To this end, the two are jointly organizing Tarang 2010 at SNDT campus in Juhu, Mumbai on February 11, 2010. More than 30 organizations which are directly involved with the special needs of these hapless children have been invited to this major event. This will be the first time in Mumbai that such an event is being planned.

Taranga 2010 is a curtain raiser endeavoring to increase sensitivity of the society toward children with special needs, promote Special Education as a career option among the youth, sensitize teachers in normal schools about children with special needs and accelerate the pace of inclusive education and enhance the knowledge base about the subject among the experts and develop viable tools and strategies to help such children.

Speaking on the occasion, Krishnan S Kumar, Sr. Vice President, Reliance Group CSR remarked, "We are glad to partner with SNDT Women's University in this noble cause. We shall be providing the technical inputs on the subject as well as necessary tools to create the platform for the knowledge sharing i.e. helplines etc.We is sure that our joint efforts will benefit thousands of physically and mentally challenged children and inspire other organizations to contribute their best."

Tarang 2010 will be attended by most of the renowned special schools in Mumbai and Navi Mumbai. Over 1500 visitors comprising parents, teachers, policy makers, students, parents of special students, special educators, decision makers and other important people will grace the event. Educational and therapy equipment companies, book distributors /book publishers and pharmaceutical companies will display their products and services.

The national education policy is laying emphasis on inclusive education - wherein children with special needs have to be integrated into the mainstream educational system. Efforts are being made to benefit a large majority of such children from the Tarang initiative.

There is a 'special' fair being organized as the first of a series of events. This fair will provide a platform where all the stake holders relating to disabilities/ Special Education can come together and share their opportunity/skill sets. It will also create awareness about the scope of Special Education as a career option.

Around 450 special children from various special schools across Mumbai will be competing in various events like singing, dancing, painting etc. This event will give differently-enabled children an opportunity, to mingle with children with different disabilities.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 100 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications launches push e-mail service on SMS

Reliance Communications launches push e-mail service on SMS

MUMBAI, INDIA AND TORONTO, CANADA - February 3rd, 2010 : Reliance Communications ("RCOM"), India's largest integrated communication services provider and iseemedia Inc. (TSX-V: IEE), a leading provider of messaging and content handling technology, today announced the launch of a ground-breaking SMS-based email service across Reliance GSM and CDMA wireless network in India, serving more than 92 million subscribers. This Email on SMS service effectively empowers RCOM subscribers to have their mobile phones to behave like smartphones and receive all their desktop email via SMS. The Email-to-SMS technology is provided by Canada's iseemedia, a leading provider of low cost wireless email services to operators in the country.

In India where mobile phones have become an important part of everyone’s livelihood the country is adding more mobile phone subscribes each month than any other. According to Informa Telecom & Media; India had 125 million new mobile phone subscribers for the year ending March 2009.

Text-based information services have become particularly popular in agriculture, healthcare and other sectors in India. The challenge for operators has been to deliver more sophisticated services using existing handsets that don’t have access to the Internet. iseemedia’s technology meets that challenge with the possibility to deliver next generation messaging without the cost of having to replace handsets.

Mr. Krishna Durbha, Head – VAS, Reliance Communications said, “iseemedia provides the ideal platform to deliver our next generation service to drive more email usage among our existing subscribers.” We believe our push email service can deliver substantial revenue upside over the years to RCOM.”

RCOM is leveraging iseemedia’s multi-platform email solution known as iseemail to enable every mobile handset in India to act as a smartphone and enable users to check, download and retrieve email messages using the SMS interface. iseemail supports all types of email messaging systems in India through standard POP3 & IMAP4.  It also offers access to consumer messaging from Gmail, Hotmail, Yahoo.co.in, Indiatimes emails and more.

Anthony DeCristofaro, President and CEO of iseemedia said, “Mobile connectivity has become more important in everyday lives in India. With Reliance we have the opportunity to promote mobile email to its 92 million subscribers and as a mass market solution to provide full email functionality on nearly 100 per cent of devices used in India. This will allow RCOM to increase its customer base as well as drive the adoption of mobile email usage through new value-added services.”

RCOM is offering iseemedia’s email service on its pre-paid as well as post-paid platforms as a subscription service charged at Rs.30 and a usage tariff of 0.50 paise per SMS sent. iseemedia receives a percentage of revenue from every user transaction.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 100 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About iseemedia

iseemedia Inc. is a software development company focused on the commercialization of a Service Delivery Platform (iseemailTM) for delivering Blackberry-like email services to the mass market and an advanced Content Delivery Platform (iseedocsTM) for rich media adaptation and extremely cost-efficient delivery to mobile devices. The Company maintains a broad portfolio of issued and pending patents that cover content authoring, streaming and interactive viewing on mobile devices. iseemedia is publicly traded in Toronto (Symbol: IEE.V).

©2010 iseemedia Inc.  All rights reserved. iseemedia and iseedocs are either Registered Trademarks or Trademarks of iseemedia Inc. in the United States and or Canada. All other trademarks and trade names are the property of their respective owners.

Contact:
For More Information Please Contact:

Reliance Communications

Name

Freddy Castro

Anuj Bakshi

Reliance Mobile

+91 9321925648

+91 9321721722

Email

frederick.castro@relianceada.com

anuj.bakshi@relianceada.com

Contact:
David Berman, CFO, iseemedia Inc.
Tel: 905-761-5293
davidb@iseemedia.com

Reliance Communications (Rcom) Announces Its Financial Results For The Quarter Ended December 31, 2009

Reliance Communications (Rcom) Announces Its Financial Results For The Quarter Ended December 31, 2009

  • Net Profit Rs. 1,108 Crore (Us$ 237 Million) - Up 49.6%
  • Stability In Wireless Revenues With 31% Wireless Margins Despite Hyper Competitive Tariff Environment
  • Minutes Of Use Up 23.4% Compared To Corresponding Quarter Last Year
  • Globalcom & Enterprise Business Ebitda Represents 38% Of Consolidated Ebitda

Mumbai, January 30, 2010: Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended December 31, 2009.Highlights of the financial performance for the year are:


  • Revenue at Rs. 5,310 crore (US$ 1,137 million) compared to Rs 5,703 crore (US$ 1,185 million) in the sequential quarter
  • EBITDA at Rs. 1,813 crore (US$ 388 million) compared to Rs 2,020 crore (US$ 420 million) in the sequential quarter
  • Profit after tax at Rs. 1,108 crore (US$ 237 million) compared to Rs 740 crore (US$ 154 million) in the sequential quarter

Commenting on the results, Mr Anil Dhirubhai Ambani, Chairman, dLimited, said:
“As an integrated and converged telecommunications service provider we are better placed to withstand the present highly competitive environment. Despite the sharp fall in tariffs, we have demonstrated stability in wireless revenues and margins and are confident to emerge even stronger in the future.”

CORPORATE DEVELOPMENTS

  • RCOM redefines Telecom pricing benchmarks, launched transformational initiative ‘Simply Reliance’

RCOM unveiled a bold new plan that will ignite the next revolutionary phase of growth and innovation in the Indian market. The company rolled out a first of its kind plan called ‘Simply Reliance’. This new tariff plan is available under three variants covering all customer segments enabling the Reliance subscribers to make calls at 50 paise per minute, 1 paise per second and Re. 1 per 3 minutes for standard duration callers, short duration callers and long duration callers respectively. These features can be availed while calling from any Reliance phone to any phone in India at anytime from anywhere in the country without any hidden monthly charges. This new tariff plan is applicable across all telecommunication products i.e. Mobile, Landline, CDMA, GSM, Pre-paid, Post-paid, Local, STD, Night Calling, Roaming and SMS.

  • RCOM unveils two revolutionary SMS tariff plans

RCOM unveiled two revolutionary SMS tariff plans – One paise per SMS plan and unlimited SMS for just Re. 1 per day. All Reliance Mobile customers, regardless of the tariff plans they have for voice and data services, can avail of the 1p/SMS plan by subscribing to a Standard Tariff Voucher of Rs. 11 per month or the unlimited SMS plan can be subscribed to by Reliance Mobile customers on a daily deduction of Re. 1 per day from their prepaid balance.

About Reliance Communications
Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 100 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers. 

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary

(Rs. Crore)

Particulars

3 months ended 31/12/09

3 months ended 30/9/09

Increase / (Decrease)

Turnover

 

 

 

Wireless

4,023

4,010

0.3%

Global

1,982

2,264

-12.5%

Broadband

705

770

-8.5%

Diversified

316

276

 

Total (post eliminations)

5,310

5,703

-6.9%

 

 

 

 

EBITDA

 

 

 

Wireless

1,255

1,313

-4.5%

Global

419

523

-19.8%

Broadband

276

320

-13.9%

Diversified

-125

-124

 

Total (post eliminations)

1,813

2,020

-10.3%

 

 

 

 

EBITDA margin

34.1%

35.4%

-1.3 ppt

 

 

 

 

Depreciation

833

714

16.6%

Financial Charges (net)

-408

655

 

Exceptional items

22

3

 

PBT

1,365

648

110.8%

Tax

200

-174

 

PAT (before minority interest)

1,165

822

41.8%

Share of minority interest

57

82

 

PAT (after minority interest)

1,108

740

49.6%

Reliance Communications Offers Cartoon Network Comics on Mobiles

Reliance Communications Offers Cartoon Network Comics on Mobiles

Mumbai, January 21, 2010: Reliance Communications, India's leading service provider that has spearheaded the launch of several unique services, has announced the launch of yet another value added service - Cartoon Network Comics on Mobile. With this service, Reliance users can now browse through comics of Cartoon Network's globally popular and iconic toon stars on their mobiles. The service is available to all Reliance GSM customers nationally.

Reliance Communications' exciting new offering allows users to explore the amazing world of comics that have been an integral part of our world. It has teamed up with Cartoon Network, which has been a pioneer in bringing alive popular comics, to provide the service. Nazara Technologies, a mobile content provider, helps subscribers access these comics and cartoons exclusively on their mobiles.

By subscribing to the service, users can read Cartoon Network's Ben 10, Johnny Bravo, Dexter's Laboratory and the Powerpuff Girls at a subscription price of Re 1 per day. Not just these, users can also read the popular Archie's series on their mobiles at a subscription price of Re 1 per day. By opting for this service, users will receive one comic strip from each of the titles mentioned everyday.

The subscription option is valid for a month. A comic book will be divided into a number of pages and each page will be divided into two screens, the visual and its text. Regardless of the subscription date, users can read from page one of the first comic books.

Speaking on the launch of the service, Mr. Krishna Durbha, Head - VAS, Reliance Communications said, "Reliance Communications believes in providing subscribers with the most exciting services. With the launch of Comics on Mobiles service, subscribers can now be transported to the imaginary world of comics by merely pressing a button. This unique offering caters to the constantly changing needs of our subscribers and ensures that they don't miss out on entertainment when they are on the move."

Siddharth Jain, Vice President and Deputy General Manager - Distribution & Business Operations, South Asia, Turner International India Pvt. Ltd, said: "We are delighted to be associated with Reliance Communications to provide Cartoon Network comics to their subscribers. As the leader of kids TV space, Cartoon Network has consistently offered quality entertainment on the go to ensure an instant and enriching experience beyond the television screen."

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 92 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About Cartoon Network

Launched in India in 1995, Turner Broadcasting System, Inc.’s (TBS) Cartoon Network is the leading kids’ entertainment channel, reaching more than 28 million viewers. Currently available in English, Hindi, Tamil and Telugu languages, Cartoon Network India is the first international kids’ channel to acquire 25 locally produced animated series. Recognised as the resident kids’ expert with a 360-degree presence through successful on-air and on line presence, ground-events, promotional licensing, product licensing, publishing and CD ROMS Cartoon Network continues to be India’s no. 1 kids channel.

is India’s leading destination for kids’ online entertainment attracting close to 600,000* unique visitors and each of them spends an average of 30 minutes on the website. registers a new user to its online community every two minutes. Kids can find the largest selection of cartoon character based games, video on demand, and a community site featuring personalized avatars and message boards. (*Source: Omniture  SiteCatalyst , January to October 2009)

Part of the Time Warner Company, Turner International India Pvt. Ltd. is the arm of Turner Broadcasting System. Inc. (TBS) that manages the sales and marketing of Turner’s news and entertainment services in India and South Asia.

RInfra Signs Concession Agreement for Mumbai Metro Line - II

RInfra Signs Concession Agreement for Mumbai Metro Line - II

  • Project Cost of Rs. 11000 crore
  • Financial closure to be achieved before October, 2010
  • To execute 32 km Charkhop-Bandra-Mankhurd corridor with 27 stations
  • Well integrated with existing suburban railway network and Metro Line I

Mumbai, January 21, 2010: Reliance Infrastructure Limited (RInfra) led consortium signed the Concession Agreement with Government of Maharashtra today for the second line of Mumbai Metro Rail Project on BOT basis, for a concession period of 35 years with an extension clause of another 10 years.

RInfra, part of the Reliance Group would be executing this project in a consortium comprising Reliance Communication and SNC Lavalin Inc, Canada. The project has been awarded by the Government for undertaking the development of Mumbai Metro line - II, pursuant to an international competitive bidding process under a PPP framework.

The total estimated cost of the project is Rs 11,000 crore out of which Rs. 2,298 crore will be provided by the Government as Grant. With this investment, RInfra would be committing more than Rs 13,500 crore for the Mumbai metro rail sector.

Speaking at the event, Mr. Lalit Jalan, CEO & Whole-time Director, Reliance Infrastructure Limited said, "We are happy to sign the concession agreement of Mumbai Metro-II today and confident of achieving the financial closure before October 2010. We are honoured to say that RInfra is the only private sector player in the country that is developing three metro projects totaling more than Rs. 16,000 crore. R-Infra is at the forefront of infrastructure development in the country, particularly the urban infrastructure in mega cities like Mumbai and New Delhi"

Outlining the future opportunities in metro rail sector in the country Mr. Jalan said, "Every major city in the country is planning to have a metro rail. So beside the big cities like Mumbai, Delhi, Hyderabad and Jaipur, we would also be exploring opportunities in smaller cities like Pune, Chandigarh, Ahmedabad etc."

The 32 km CBM corridor project will provide a vital link between Navi Mumbai and the western suburbs, connecting Charkop in the north to Bandra and then to Mankhurd in the east. It will be a fully elevated metro project with 27 stations along the route.

Mr. K P Maheshwari, Sr. Ex. Vice President, Reliance Infrastructure Limited highlighted, "We have already completed the alignment survey along the corridor. Once both VAG and CBM corridor metro projects are completed, they would serve areas that are not connected by existing suburban rail system and would provide much needed comfort and convenience to the 16 lakh commuters, who would be taking the metros daily."

The company had earlier been awarded the Mumbai Metro-I (Versova-Andheri-Ghatkopar corridor) and Delhi Airport Express Line projects.

With two metro projects in Mumbai, RInfra would be committing almost Rs. 13,500 crore for the Mumbai metro sector only. This would lead to significant decongestion of urban transport system in Mumbai and would provide safe, clean and convenient mode of travelling to daily commuters.

RInfra's Mumbai Metro-I project would be completed by 2010, which is ahead of schedule by almost 15 months. The Delhi Airport Express Line project is also targeted to be commissioned before the Commonwealth Games.

About Reliance Infrastructure Limited

Reliance Infrastructure Limited is part of the Reliance Group. The group currently has a market capitalization of around Rs 1,65,000 crore (US$ 35.1 Bn), net worth in excess of Rs 64,000 crore (US$ 13.6 Bn), operating cash flow of Rs 13,000 crore (US$ 2.8 Bn) and net profit of around Rs 8,400 crore (US$ 1.8 Bn) and zero net debt.

About Mumbai Metro One Private Limited

Mumbai Metro One Private Limited (MMOPL), the first Public Private Partnership (PPP) initiative for a MRTS project in India is a Special Purpose Vehicle (SPV) created to implement the Versova - Andheri - Ghatkopar (VAG) Metro corridor in Mumbai. It is a Joint Venture Company formed by Reliance Energy Limited, a Reliance Group Company, Veolia Transport, France and Mumbai Metropolitan Region Development Authority (MMRDA).

Reliance Big TV & Indiagames sign strategic agreement.

Reliance Big TV & Indiagames sign strategic agreement.

UTV’s Indiagames leverages its partnership with Oberon Media to launch DTH Gaming Services in India through Reliance Big TV

  • To introduce DTH Game based on Shahid Kapur's new film Chance Pe Dance

  • Big TV ropes in NetworkPlay to monetize DTH VAS capabilities

    • Drives profitable growth of DTH business
    • Targets DTH VAS Revenues of Rs 100 crores in 5 years
Mumbai, January 14, 2010: Reliance Big TV, the DTH arm of Reliance Communications, and Indiagames, subsidiary of UTV, announced the signing of a strategic agreement to introduce DTH Gaming services in India. As per this agreement, Indiagames will offer gaming services on Reliance Big TV's DTH platform in India.

As part of its agreement with Reliance Big TV, Indiagames will leverage its partnership with US-based Oberon Media, to provide specialized games for Reliance Big TV's DTH platform. Oberon Media is a world-leading multi-platform casual games solution provider delivering global, integrated casual games solutions across online, mobile and interactive television. The games offered on RBTV's DTH platform will be amongst the most popular game series currently available for PC, Web and other media platforms.

Commenting on its agreement with Indiagames, Mr. Sanjay Behl, Chief Executive Officer, Reliance Big TV said, "Our strategic tie-up with Indiagames is an extension of our business relationship with the UTV Group. iGames also signifies our focus to further enhance and monetize our VAS capabilities towards a profitable growth in the DTH business."

According to Mr. Samir Bangara, Chief Operating Officer, Indiagames said, "This initiative, and the DTH partnership with Oberon Media, marks our foray to the third screen of gaming making us the first Indian triple play games company with a strong presence across- mobile, PC and now DTH. With unparalleled content and cutting edge technology from Oberon, optimized for a rich user experience, we are truly taking the gaming experience on TV to a whole new level."

Reliance Big TV will offer the DTH Gaming service as part of its Interactive Services. Branded as iGames, Reliance BIG TV and Indiagames will offer eight different games that will be refreshed every month cutting across multiple genres. The games include leading titles from I-play, Oberon's publishing division: Galapago, Solitaire (with 4 different versions including Classic, FreeCell, Pyramid and Towers), MOODiES, Space MOODiES, Air Hockey, and Darts, as well as premium 3rd party licenses.Indiagames is also planning to introduce local content including its top selling T20 cricket games and Bollywood games like Chance Pe Dance, Kaminey and Jodhaa Akbar amongst others.

The launch of DTH Gaming services is part of RBTV’s strategy to drive profitable growth through innovative DTH VAS services. Currently, the company’s VAS offerings are limited to its PPV bouquet and an array of six free-of-cost interactive features like iCooking, iAstro, iStock, iCricket, iNews, following the launch of iGames service, Reliance Big TV plans to monetize its VAS capabilities.

With this deal, Indiagames, India’s leading cross media games company, brings  yet another pioneering initiative much like they did in mobile and the online games space. With an extensive user base on the mobile and web, the renowned gaming company will now, for the first time, introduce gaming in a whole new format through interactive games on the DTH platform.

Reliance Big TV plans its VAS business to be a key driver of revenues. Though, VAS currently contributes less than 5% of overall business revenues, Reliance plans to double the VAS contribution to overall revenues during the next fiscal. iGames is expected to contribute 10% of the Reliance Big TV’s VAS usage with a cumulative business revenue of over Rs 100 crores over the next 5 years.

As part of this strategy, Reliance Big TV is planning to introduce a series of VAS offerings which will offer monetizing opportunities to drive the financial growth of the company. As part of this outlook, the company is building three specific streams of revenues in the direction of PPV, Interactivity and Advertising.

As part of its drive to enhance the monetizing opportunity of its PPV offerings, the Reliance Big TV is focusing on building its regional PPV repertoire. The company is in talks with various regional film producers and production houses for the DTH rights of regional language films. This regional PPV repertoire will help Reliance Big TV cater to the regional viewing needs of its customers across various languages in India. Reliance BIG TV is also planning to introduce HD content sourced globally on its DTH platform.

The interactivity revenue drive will be done by offering unique and benchmark interactive services offering great value proposition to its subscribers. As part of this focus, Reliance Big TV will launch a series of interactive services over the next few months including iJobs, iHolidays, iMatrimony, iEstate, iJuniors, iEducation, iHealth etc.

One of the major revenue drivers for Reliance Big TV will be advertising sales.  Reliance Big TV has roped in NetworkPlay, India’s leading vertical multi genre brand ad networks, to monetize all its interactive and video channel offerings. RBTV will offer multiple branding opportunities through its 21 owned and operated pay per view and SVOD movie channels, interactive zones like iAstro, iStock, iCooking and iCare. There exists multiple video opportunities outside of banner communications on Big TV whose reach is close over two million connections in over 6,800 towns across India. Reliance Big TV’s partnership with NetworkPlay was based on their agreement to leverage its sales capabilities, evangelizing capabilities and a proven track record of working with marquee brands successfully delivering complete value to their partners. NetworkPlay is a Capital 18 and GMV funded venture.

About Indiagames: Indiagames Ltd. is India's largest games companys and a pioneer in mobile and online gamespace. The Company has established relationships with more than 80 telecom operators across 67 countries around the world such as Vodafone, Verizon, T mobile, AT&T, Hutch, Airtel and many more. It has tie-ups with all major game publishers and media companies in the World such as EA, Disney, THQ, Atari, Universal, Fox, Warner brothers, Sony, MTV, 2K and others. Indiagames has developed and published mobile games such as Bioshock, Garfield, Flavor Of love, Godzilla, Bruce Lee, The Office, Scorpion King, Cricket 20-20, Movin Maze, amongst others. The company also runs the only subscription based Games on Demand service for PC games across all major broadband operators in India.

About Oberon Media : Oberon Media, the world's leading multi-platform casual games company, is the first company to deliver global, integrated casual games solutions across three platforms-online, mobile and interactive television and at retail. Oberon game solutions have been adopted by the world's leading digital and media companies, such as Microsoft, AT&T, Verizon, Yahoo!, Electronic Arts, Orange France and NHN. The Game Center combines casual game content, merchandizing and features to fulfill our partners' specific needs. Oberon Media's game publishing division, I-play, works with the industry's best and award-winning game developers to produce the top-selling casual games, which are played across online, mobile, console and iTV platforms in more than a dozen languages. Founded in 2003, Oberon Media is headquartered in New York with offices in North America, Europe and Asia, and is backed by Goldman Sachs, Morgan Stanley and Oak Investment Partners.

About Reliance BIG TV DTH : A wholly owned subsidiary of Reliance Communications, India's largest integrated telecom service provider, offers India's first fully Digital Home Entertainment Service using MPEG-4 platform, under BIG TV DTH brand. The world's most advanced MPEG4 DTH technology platform enables BIG TV DTH to offer over 200 TV, Cinema and Audio channels, the highest by any other DTH operator in the country. With 32 exclusive movie channels in English, Hindi and Regional languages, BIG TV DTH offers a choice of 600 new movies every year, unmatched by any DTH or cable operator in the country. The country's largest on-ground infrastructure for a Home Entertainment created by TV DTH would enable the company to serve over 5 million new customers every year and will offer multiple price points and packaging BIG offers to suit needs of all customer segments. The state-of-the-art Customer Service mechanism is fully functional and ready to serve a minimum of 50,000 customers every day in 11 Indian languages. Available at launch at 1 lakh retail outlets across 6500 towns, over 2000 exclusive Reliance branded stores, BIG TV DTH is the largest retail rollout of a Home Entertainment Service in India. BIG TV DTH Toll Free Number: 1-800-200-9001; Website: www.BIGTV.co.in SMS BIGTV to 55454.

Reliance Infrastructure Wins Rs 1725 cr Pune-Satara Road Project From NHAI

Reliance Infrastructure Wins Rs 1725 cr Pune-Satara Road Project From NHAI

  • Six laning of 140 km long project, estimated to be around Rs 1725 cr
  • First road project in Western India
  • RInfra executing 8 road projects with total outlay of over Rs 6500 crore totaling 655 km
  • Project expected to be operational by July 2012
  • RInfra exploring opportunities in Ultra Mega Road projects
  • Plans to increase road portfolio to over Rs. 20,000 cr. by 2012

Mumbai, December 4th, 2009: Reliance Infrastructure Ltd. (RInfra), a unit of Anil Dhirubhai Ambani Group (ADAG), led consortium has won the Pune-Satara six laning road project in Maharashtra from National Highway Authority of India (NHAI). The project is to be executed on Design, Build, Finance, Operate and Transfer (toll) basis with a concession period of 24 years, including the construction period.

The project is implemented under NHAI's, National Highways Development Programme (Phase V), with an estimated NHAI cost of Rs.1725 crore. The company will invest in the six laning and maintenance of 140 km long stretch of Pune-Satara section of NH-4 (from km. 725 to km. 865.35).

Tolling of this project would commence with the signing of the Concession Agreement and financial closure and is expected to be operational by July 2012.

This 140 km long stretch falls on NH-4 and is the main corridor connecting Mumbai and Pune to southern parts of India including Bangalore and Chennai. This is also the main access road to tourist destinations such as Panchagani, Mahabaleswar, Kholapur etc.

RInfra bagged the project based on highest premium amount of Rs.90.90 crore. RFQ documents were issued during November 2008 and 18 parties were short-listed. Of these, nine bidders submitted the final bid.

On this occasion, Mr. Lalit Jalan, CEO and whole-time director, Reliance Infrastructure said, "We are happy to win this prestigious Pune-Satara road projects in Maharashtra. With eight road projects, totaling to 655 km, RInfra will be investing more than Rs. 6,500 crore for the road sector. We are confident of increasing our investments in road projects over Rs 20,000 crore by 2012."

He further added that "In the last two years, we have emerged as one of the largest developers of road and highway projects. We will maintain our leadership position in the road sector and will look for opportunities in Ultra Mega Road Projects that will be available across India."

RInfra's two road projects in Tamil Nadu i.e., Namakkal - Karur Toll Project and Dindigul - Samynalore Toll Project worth Rs. 760 crore are now commercially operational. The rest are at the various stages of development..

RInfra is India's largest infrastructure company with Rs. 27,000 crores of infrastructure projects. To maximize the growth and profitability, RInfra is demerging its different units. All road projects are now handled by Reliance Infraventures Ltd., which is 100% subsidiary of RInfra.

Reliance Infrastructure Limited

Reliance Infrastructure, a part of Reliance - Anil Dhirubhai Ambani Group, is India's leading private sector utility Company.

Reliance Anil Dhirubhai Ambani Group currently has a market capitalization of around Rs. 1,65,000 crore, net worth in excess of Rs. 64,000 crore, operating cash flow of Rs. 13,000 crore, net profit of around Rs. 8,400 crore and zero net debt.

Reliance Infrastructure is ranked amongst India's top 25 listed private companies in terms of all major financial parameters, including assets, sales, net worth, profits and market capitalisation.

Reliance Mobile redefines SMS Service

Reliance Mobile redefines SMS Service

  • Unveils two revolutionary SMS tariff plans for all mobile customers in India
    • One paisa per SMS plan
    • Unlimited SMS for just Re. 1 per day
    • Applicable for all Local, National & Roaming SMS's to any network in India
    • Available for prepaid as well as postpaid Reliance Mobile customers on CDMA as well as GSM network of Reliance Mobile

Mumbai, November 27th, 2009: Reliance Communications, India's largest and only nationwide operator offering both GSM and CDMA mobile services, today initiated a radical move in the Indian telecom industry by making SMS's more affordable to all mobile customers in India. Reliance Mobile customers can avail of two revolutionary SMS tariff plans:

  • ONE PAISE PER SMS
  • UNLIMITED SMS's @ Re. 1 PER DAY

The new SMS tariff plans are add-on plans and are applicable for all Reliance Mobile customers irrespective of CDMA or GSM network as well as prepaid and postpaid customers.

"SMS continues to grow every year with more and more innovative ways of utilizing its potential coming in the forefront. Indians are using SMS as a mode of communication to keep in touch with friends and family. With select subscriber groups, SMS is a preferred communication mode over voice calls. On account of significant tariff disparity in the recent months, it has lost its due share of attention. Considering this, Reliance Communications with its 1st in the industry initiative, aims to revitalize SMS usage in the country", said Mr. Mahesh Prasad, President - Reliance Communications.

"Like our earlier Simply Reliance offerings of Local, STD and Roaming calls at 50p/min and 1p/sec from any Reliance mobile to any phone on any network, yet to be matched by any competitive offering. With this best in the industry initiative, we offer significant value not only to our existing 9 Crore CDMA and GSM customers, but are also aimed at gaining new acquisitions from high SMS usage groups of the GSM community such as young professionals and the youth across India", he added.

All Reliance Mobile customers, regardless of the tariff plans they have for voice and data services, can avail of the 1p/SMS plan by subscribing to a Standard Tariff Voucher of Rs. 11 per month. Or the unlimited SMS plan can be subscribed to by Reliance Mobile customers on a daily deduction of Re. 1 per day from their prepaid balance.

Pre-Paid SMS Plans

Type

Value Proposition

Pack Rental

To Subscribe

SMS STV

1p/SMS for Local, National & Roaming

Rs. 11 per month

SMS <ACT SMS1P>
to 53739

Daily Pack

 Unlimited SMS’s (Local, National and Roaming)

Re. 1 per day

SMS <ACT SMS DD>
to 53739

Post Paid SMS Packs

Type

Value Proposition

Pack Rental

To Subscribe

Simple SMS Pack

1p/SMS for Local, National & Roaming

Rs. 11 per month

SMS <SUB SMS 1P>
to 53739

Free SMS Pack

 Unlimited SMS’s (Local, National and Roaming)

Rs. 25 per month

SMS <SUB SMS15000>
to 53739

The tariffs are applicable for non-commercial use only. To prevent these attractive SMS tariffs being misused by telemarketers a fair usage cap of 15000 SMS's / month is applicable on the Unlimited SMS plan. As per TRAI performance indicators, an average customer sends 25 SMS's per month and is 600 times more than the average usage for the month. Customers using these tariff plans for commercial use would be immediately disconnected.

Earlier last month, Reliance Mobile took the lead in unveiling India's most affordable tariff plan SIMPLY RELIANCE at a uniform rate of 50p/min for Local, STD and Roaming calls followed by uniform calling rates of 1p/sec for Local, STD and Roaming calls. Based on the usage patterns, Reliance Mobile customers can also opt for unlimited calling plans of Rs. 1 per/3 mins call for local, STD and Roaming calls.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 92 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications & Atom Technologies sign strategic m-commerce agreement

Reliance Communications & Atom Technologies sign strategic m-commerce agreement

Mumbai, November 9th, 2009: Reliance Communications (RCOM) has entered into a strategic tie-up with atom technologies, the leading m-commerce solutions provider from the Financial Technologies India Limited group.

With this partnership RCOM will now be able to offer a fast, secure, inter-operable and the most convenient platform to conclude payment transactions using Reliance Mobile. atom will offer through RCOM, multiple banks (Indian and Foreign) as well as merchants on a common platform, thereby allowing its subscribers to make payments across the entire merchant base. Reliance subscribers will now be able to purchase insurance services, DTH recharges, movie tickets, books & periodicals, consumer goods, holiday packages as well as bus & train tickets using their Reliance Mobile connection, these services will also be available on R-world for all GSM customers. Currently atom technologies have over 100 merchants registered for mobile commerce transactions.

This is part of RCOM's major thrust to enable new revenue streams from m-Commerce. Reliance Communications is designing this service to support Guest users as well as Registered Users to successfully conclude payment transactions using Reliance Mobile connections. The benefit of registration will enable the user for two click payment transactions access. The transactions are secure and PIN protected. atom presently has merchant acquiring relationship with ICICI, HDFC, Citi and Axis Bank.

Commenting on the agreement, Mr. Anil Pande, Head - Product, Mobile Data and Content services, Reliance Communications said, "Our agreement with atom technologies will set the ground for RCOM to make an aggressive pitch in the Indian m-Commerce market. We are positively aggressive on the m-Commerce opportunity & are developing a series of m-Commerce applications as part of this m-Commerce thrust. We will leverage our agreement with atom technologies to drive m-Commerce transactions across both, the GSM and CDMA networks."

Dewang Neralla, Director, atom technologies adds, "Our m-commerce technology has extremely been leveraged by more than 100 merchants to open up a new vista of payment collection for their increasing revenue. We are pleased to integrate the merchants on a common m-commerce platform to be offered by Reliance Communication and powered by atom's cutting edge technologies. We are sure this partnership will be mutually beneficial and would definitely help Reliance Communication achieving the goal of building up a strong m-commerce portfolio, which complements their VAS strategy."

While m-Commerce is in its nascent stages, it is slated to boom over the next few years with growing sophistication and lower prices of mobile handsets. Currently, users of m-Commerce perform a wide variety of transactions via mobile from paying for utility bill & movie tickets to shopping & holidays. While the uptake of mobile payments is still gathering pace, services that are more accessible and easier to use are finding favor. RCOM tie-up with atom Technologies is expected to drive nearly 30% of the m-Commerce traffic volume across its GSM and CDMA networks.

About atom technologies

atom technologies is a digital, retail initiative of the Financial Technologies Group, a group that has pioneered creation of digital marketplaces and technology solutions for the financial markets. atom was formed in 2006 to focus on harnessing the digital transaction ecosystem for payments with a special focus on the ever-increasing mobile ecosystem. As a mobile payments service provider, atom, through innovative use of technology in the mobile transactions ecosystem, has created multiple "patent pending" products & services for mobile payments, mobile banking for the un-banked, IVR based payments & mobile based service distribution framework. Today, its services have seen more than 1000 crore of transactions going through its environment with client list spanning the best of the associates in the industry.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 92 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Webstore forays into handset distribution through 'Hub and Spoke' business model

Reliance Webstore forays into handset distribution through 'Hub and Spoke' business model

  • Coolpad to set-up special R&D unit in China to service Reliance
  • First Indian retail chain to diversify into handset distribution business
  • Targets distribution network of 10,000 retailers across 700 cities in next three years
  • Each Reliance World Store to be a distribution hub to manage MBO network
  • Handset business contribute 50% of Reliance Webstore's overall revenues
  • Coolpad to contribute 30% of overall handset sales by Reliance
  • Coolpad's special unit in China to develop differentiated products for the Indian market

Mumbai, November 5th, 2009: Reliance Webstore Limited, the wholly-owned subsidiary of Reliance Communications and the retail venture of Reliance Group that operates a nationwide chain of Reliance World stores, has geared up its business operations for a major thrust in the handset retailing business. The company has diversified into handset distribution business in addition to its current focus of handset retailing through Reliance World and Reliance Mobile stores. As part of this strategic move, Reliance Webstore has established a new division to focus and grow its handset distribution business. Incidentally, this is the first time a retail chain is foraying into the distribution business.

Reliance Webstore will follow the 'Hub-and-Spoke' business model to manage its handset distribution operations. This is the first time in India that the 'Hub-and-Spoke' concept is being deployed by a retail chain to distribute products. This unique business model will leverage Reliance World stores to act as distribution hubs. Each store will be responsible for registering its own channel partners and handset retailers and develop its own mini-distribution network. As part of its foray into the handset distribution business, the company has already signed-up more than 1200 handset retailers and Multi-Brand Outlets (MBOs) in nearly 100 towns.

Commenting on the development, Mr Sarup Chowdhary, Director & CEO, Reliance Webstore Limited said, "We continually identify new growth opportunities by leveraging our Group's synergies across multiple sectors and competitive advantage of Reliance Webstore's overall retail network. Our 'Hub-and-Spoke' model for handset distribution is unique to India and will result in remarkable convenience and efficiencies in the distribution chain. In addition to our exclusive distribution agreement with Coolpad Communications, we have also identified other new business opportunities to leverage this model for a larger participation in the Indian telecom retail sector."

Reliance Webstore's distribution model is designed to ensure that each registered retailer (spoke) is within 15-30 minutes' distance of a Reliance World store. The Reliance World store (Hub) will act as a stocking and transaction point for these retailers, offering remarkable convenience and efficiencies in meeting market response & requirements. The model is also designed to cut the flab of traditional distribution models, resulting in attractive price-points for the end-consumers. This way, Reliance Webstore's unique business model offers a win-win proposition for all - the manufacturer, the company, the retailer and the customer.

Over the next three years, Reliance Webstore is targeting a distribution network of over 10,000 multi-brand outlets (MBO) and retailers spread across 700 Indian towns.

This "Hub and Spoke" business model is expected to accelerate Reliance Webstore's growth trajectory of its already profitable telecom retail business. In addition to retailing handsets, airtime, accessories and providing customer service for Reliance Communications, the company's chain of Reliance World stores will now distribute handsets to other retailers. The telecom retail business currently contributes over 50% to Reliance Webstore's annual revenues and the distribution model is expected to further augment this share. The company has been focusing on growing this business further by entering into strategic global agreements with handset manufacturers, retailing of open market handsets and geographical expansion of its retail operations.

Reliance Webstore's handset distribution business foray immediately follows the company's strategic agreement with Hong-Kong listed China Wireless' Indian joint venture, Coolpad Communications. Reliance Webstore signed a strategic distribution agreement with Coolpad Communications gaining exclusive rights to market and distribute Coolpad's dual-mode smartphones in India. While this agreement marked China Wireless' formal foray in the Indian market, it also opened up a new business opportunity for Reliance Webstore to diversify for a powerful presence in the Indian telecom retail sector.

Coolpad, as part of its growth outlook, plans to establish an R&D unit in India. According to Mr Sami Al-Lawati, China Wireless' India Head and Managing Director of Coolpad Communications, "We are currently scouting various locations across India for Coolpad's R&D centre. The R&D unit in India will be critical to our business growth in India and our expansion across the Globe."

Coolpad is planning an investment of Rs 400 crores in India over the next three to four years. This investment will be towards the company's capex and opex requirements. The funds will be raised through internal accruals and debt.

In order to further strengthen its relationship with Reliance Group, Coolpad is establishing a dedicated R&D unit and resources in Shenzhen, China. The resources for this unit will be directly picked from the China Wireless' R&D team. The special R&D unit will liaise with Reliance Webstore teams across India to seek customer feedback and develop differentiated products for the Indian market. Coolpad will also leverage the pan-India retail and distribution network of Reliance Webstore to enhance sales of its dual-mode smartphones in India.

"Given our unique strengths in the dual-mode and 3G segments, we envisage a major upside for Coolpad as Reliance Webstore enters the handset distribution business in the backdrop of India's emerging 3G scenario," said Sami Al-Lawati.

The test-marketing results and subsequent launch of Coolpad smartphones in India indicates the great potential for smartphones in India. The Coolpad smartphones are expected to contribute over 30% of the overall handset sales at Reliance World and Reliance Mobile Stores.

About Reliance Webstore Limited

Reliance Webstore Limited, a Reliance Group company and a wholly owned retail subsidiary of Reliance Communications, operates the nationwide chain of Reliance World retail stores. The stores are designed to give the customer a delightful experience of the digital world of information, communication, entertainment and utility services. Besides being retail points for proprietary as well as open market handsets and accessories, Reliance World outlets are now distribution hubs for other mobile retailers in their vicinity.

Currently, there are 232 Reliance World stores across 104 cities in India and the network continues to expand to more locations and cities.

Besides offering the products and services of Reliance Communications, Reliance World showcases all retail offerings of the Group's brands, including Reliance Big TV DTH, Big Flix Video Rentals and Reliance Money financial services. The stores also offer a wide range of interesting and innovative products & services, beyond the Group's brands.

All Reliance World stores are connected to Reliance's countrywide optic fibre network. The Broadband Centre at Reliance World leverages this broadband network to offer High-Speed Internet Surfing, Online Gaming, Video Conferencing, Digital Electronic News Gathering, Digital Services, eLearning, Ready-to-use Offices and many more services. For more information on Reliance World, visit www.relianceworld.in

About China Wireless Technologies Limited

China Wireless Technologies Limited (Listed on the main board of HKEX. Stock Code 2369) is dedicated to wireless data integration solutions with smart phones at the core. It is a professional provider of integrated solutions for smart phone sets, mobile data platform systems and value-added business operations in China.

China Wireless Technologies Limited (the "Company") was incorporated in the Cayman Islands as an exempted company with limited liability on 11 June 2002. The shares of the Company (the "Shares") were listed on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") in December 2004.

In the last decade, capitalizing on the development of wireless telecommunications technological know-how in wireless telecommunications across multiple wireless telecommunications network standards including paging, GSM, CDMA1X, TD-SCDMA and PHS network, the Company and its subsidiaries (the "Group") have developed a number of various proprietary technologies and patents such as operating systems, radio frequency, protocols and wireless data decomposed transmission technology. The Group has developed advanced research and development capabilities in mobile communications and gradually becomes a leader of high-end dual-mode smartphone in the global telecommunications market.

Reliance Communications expands Simply Reliance Initiative

Reliance Communications expands Simply Reliance Initiative

  • Two new offers to address requirements of 3 customer segments under Simply Reliance Initiative
    • 1 paise per second for short duration calls
    • Re 1 for 3 minutes' call rate for long duration calls
    • Continuation of 50p/min as announced on October 5
  • Maintains No Conditions, No Roaming Charges & Single Call Rate To Any Network, Anywhere in India
  • New Plans offers around 30% savings against other competitive offers in the market

Mumbai, November 3rd, 2009: Following the overwhelming response for its Simply Reliance Plan announced in October, offering single tariff rate across all services, Reliance Communications today extended its Simply Reliance Initiative with two new tariff variants effective November 5, 2009. These new variants aim to offer an all-round product portfolio under Simply Reliance Initiative. These offers reiterate the simplicity and value benefits of Simply Reliance through enhanced value and single rate proposition.

As the current Indian telecom landscape evolves, RCOM sees three distinct segments emerging in terms of call patters in the country:

  • Short duration calls
  • Long duration calls
  • Standard Length Calls

Commenting on the expansion of Simply Reliance Initiative to new offerings, Mr Mahesh Prasad, President, Reliance Communications said, "The launch of Simply Reliance Plan in October was very well received in the market, both by customers & trade. Customers across India have appreciated our endeavour to offer single, simple and transparent tariff on all local, STD and roaming calls. We now extend the Simply Reliance Initiative by offering two new products catering to varied customer needs with the same simplicity & unconditional transparency."

In order to address the needs of these three distinct customer segments, Reliance Communication is launching new tariff variants under its Simply Reliance Plan. These two new offerings reiterate the commitment of Simply Reliance Plan with 'No Conditions', No Monthly Recharge'& 'Any Network Anytime' benefits.

  • For short duration callers, Reliance is launching 1paise/second single call rate
  • For long duration callers, Reliance is now offering Re 1 for 3 minutes call rate
  • For those with standard call duration, Reliance will continue offering 50p/Minute tariff rate

Reliance is launching these plans across both its CDMA and GSM networks offering tremendous savings potential. "Most of the competitive offers in reaction to Simply Reliance Initiative have fallen short with various restrictions, conditions and limited to calls on the same network in the home zone," Mr Prasad added.

These new offerings under Simply Reliance Initiative, which has set industry benchmarks in the Indian Telecom Sector, extend the single rate benefit to:

  • All Local calls
  • All STD calls
  • To any CDMA or GSM Mobile and Landline anywhere in India
  • All incoming and outgoing calls while roaming
  • Anytime of the day or night
  • Without any monthly charges
  • Without any hidden charges or any conditions, whatsoever

Value-Proposition of Reliance Simple Plans

Particulars

1paise/Second Plan

50p/minute Plan

Reliance Mobile Competition Reliance's Savings Proposition Reliance Mobile Competition Reliance's Savings Proposition

Local Calls - Same Network

1Piase / sec

1paise

25% Savings 50 Paise / Min

50 paise

31% Savings

Local Call - Others Network

1.20 paise

60 paise

STD Call - Same Network

1 paise

50 paise

STD Call - Others Network

1.2 paise

60 paise

Roaming (Incoming)

Re 1/Min

Re 1/Min

Roaming (Outgoing)

Re 1/Min (Local)

Re 1.50 / Min (STD)

Re 1/Min (Local)

Re 1.50 / Min (STD)

SMS (Local)

50 paise

Re 1

Re 1

SMS (National)

50 paise

Re 1.50

Rs 1.50

(Savings are based on Govt of India Data & Competitor Websites)

Simply Reliance Initiative is supported by RCOM's 3G-Ready network offering a number of innovations to our customers. These include:

  • Next-gen electronics for super digital voice clarity
  • Seamless coverage on major railway routes, national and state highways through dedicated mobile towers
  • Access to a Reliance owned fibre network for unlimited capacity - both in India and overseas, resulting in unmatched quality on local, STD or ISD calls
  • Nationwide enhanced capabilities for fastest internet access speeds
  • Stutter-free video capability including numerous TV channels, sports updates as well as access to popular video sharing websites like Youtube
  • oWidest R-World mobile content offering entertainment, music, news, cricket, Bollywood, maps and search
  • One-click set-up and access to email and social networking offering convenience of a PC

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 92 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communications (RCOM) announces its financial results for the quarter ended September 30, 2009

Reliance Communications (RCOM) announces its financial results for the quarter ended September 30, 2009

  • Customer Base At 92 Million, Up 53.3% Against 60 Million in the Corresponding Quarter Last Year
  • Revenue at Rs. 5,703 Crore (US$ 1,185 Million), Up 1.0% Against Rs. 5,645 Crore (US$ 1,215 Million) in the Corresponding Quarter Last Year
  • Ebitda at Rs. 2,020 Crore (US$ 420 Million) Against Rs. 2,302 Crore (US$ 496 Million) - Decline Of 12.2%
  • Net Profit Rs. 1,023 Crore (US$ 213 Million) - Decline Of 33% Before Providing Fx/Derivative MTM Losses of Rs. 283 Crore (US$ 59 Million)
  • Net Profit After MTM Provisions Rs. 740 Crore (US$ 154 Million) - These MTM Losses Already Stand Fully Recovered in October 2009
  • Wireless Revenues And Ebitda Margins Impacted in the Short Term By:
    - Higher Competitive Intensity
    - Aggressive Industrywide Tariff Restructuring
    - Higher Network and Operational Costs Owing to Nationwide Gsm Rollout
  • Non-Wireless Ebitda Represents 36% Of Consolidated Ebitda Maintaining Steady Growth
  • Launched Transformational 'Simply Reliance' Tariff Plan Early October 2009 Redefining Telecom Affordability and Reach
  • Signed Long Term Telecom Infrastructure Sharing Agreements with Multiple New and Existing Operators

Mumbai, October 31st, 2009: Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2009.

Highlights of the financial performance for the year are:

  • Revenue at Rs. 5,703 crore (US$ 1,185 million) compared to Rs 5,645 crore (US$ 1,215 million) in the corresponding quarter last year
  • EBITDA at Rs. 2,020 crore (US$ 420 million) compared to Rs 2,302 crore (US$ 496 million) in the corresponding quarter last year
  • Profit after tax at Rs. 740 crore (US$ 154 million) compared to Rs 1,531 crore (US$ 330 million) in the corresponding quarter last year
  • Profit after tax would have been higher at Rs. 1,023 crore (US$ 213 million) but for provision of FX/derivatives MTM losses of Rs. 283 crore (US$ 59 million) - these losses stand fully recovered, based on subsequent favorable exchange rate movements.

Commenting on the results, Mr Anil Dhirubhai Ambani, Chairman, Reliance Communications Limited, said:

"In the near term, the wireless sector in India is undergoing a challenging phase, with increased competitive intensity and continuing aggressive rebalancing of mobile tariffs by all leading players.

We believe a forward-looking and conducive regulatory framework by TRAI and DOT, which is already under consideration, to facilitate market driven industry consolidation will be a strong enabler to protect and create long term value for all stakeholders."

CORPORATE DEVELOPMENTS

  • RCOM redefines Telecom pricing benchmarks, launched transformational initiative 'Simply Reliance'

RCOM unveiled a bold new plan that will ignite the next revolutionary phase of growth and innovation in the Indian market. The Company rolled out a first of its kind plan called 'Simply Reliance'. This new tariff plan enables the Reliance subscriber to make a call at 50 paise per minute from any Reliance phone to any phone in India at anytime from anywhere in the country without any hidden monthly charges. This new tariff plan is applicable across all telecommunication products i.e. Mobile, Landline, CDMA, GSM, Pre-paid, Post-paid, Local, STD, Night Calling, Roaming and SMS.

  • RITL announced long term telecom infrastructure sharing agreement

During the quarter, RITL signed long term agreements with Etisalat DB, S Tel, Shyam Sistema (MTS), Aircel and Tata Teleservices for sharing its telecom infrastructure. The deal provides our tenants the advantage of faster roll-out with the coverage comparable to the incumbents. The deal also enables our tenants to adopt an asset light model by converting most of the capex into opex. RCOM provides a comprehensive telecom infrastructure sharing services including tower infrastructure, transmission connectivity to the telecom sites, bandwidth/ fibre options, domestic and International long distance carriage services, collocation of BSC & other core network equipments.

  • Reliance Infratel filed DRHP with SEBI

RITL filed Draft Red Hearing Prospectus (DRHP) with SEBI on September 24, 2009. RITL plans to raise equity capital through an initial public offering of 10.05% of the post-issue paid-up equity capital of the company amounting to 156,000,000 shares.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 92 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary

(Rs. Crore)

Particulars

3 months ended 30/9/09

3 months ended 30/9/08

Increase/ (decrease)

Revenue

 

 

 

Wireless

4,010

4,336

-7.5%

Global

2,264

1,692

33.8%

Broadband

770

602

27.9%

Diversified

276

235

 

Total (post eliminations)

5,703

5,645

1.0%

 

 

 

 

EBITDA

 

 

 

Wireless

1,313

1,686

-22.1%

Global

523

361

44.9%

Broadband

320

294

8.8%

Diversified

-124

-20

 

Total (post eliminations)

2,020

2,302

-12.2%

 

 

 

 

EBITDA margin

35.4%

40.8%

-5.4ppt

 

 

 

 

Depreciation

714

918

-22.2%

Financial Charges (net)

655

-235

 

Exceptional items

3

65

 

PBT

648

1,554

-58.3%

Tax

-174

-57

 

PAT (before minority interest)

822

1,611

-49.0%

Share of minority interest

82

80

 

PAT (after minority interest)

740

1,531

-51.7%

 

Reliance Mobile offers personalized call manger service on GSM network

Reliance Mobile offers personalized call manger service on GSM network

Mumbai, October 21, 2009: Reliance Mobile has introduced the call manager service on its GSM network on supporting handsets. This unique service enables Reliance mobile subscribers a wide range of call completion service. Offered through a server-less client protocol, the Call Manager service enables allows customers to respond to incoming calls with pre-recorded voice messages. The Call Manager also features SMS based chatting and voice mail on mobile.

It allows one to respond to answer phone calls without any need to talk or type, using an intuitive user interface.

The Voice Message feature enables caller to leave a message once a call is left unanswered. The recorded messages are deposited in the mobile phone's Inbox folder, and can be played, forwarded, replied to or removed. The Voice Message feature can be activated either manually by selecting it from the ringing menu. Reliance allows use to customize its greeting message or the duration after which the voicemail automatically answers a call through the application's settings.

Sometimes, when dialling a number, the call may ring without an answer. In such cases where the called party might not notice the call, or may not be able to answer at the moment, the application provides options like Call another number. This will offer you to dial the other available numbers of the same contact. This way, if someone is not available at work, you can try reaching them at home with just a click away. It also enables the caller to start chatting. The Chatting option allows user to start an instant messaging UI-like chat session and communicate conveniently using text messaging.

Reliance Mobile is offering the Call Manager service through a subscription module. It will not charge the user for downloading the application. Moreover, post the installation of the service, the customers can avail a free 7-day offer. The subscription for the service will be activated post the expiry of this free-trial period. Reliance Mobile will charge Rs 15/month as subscription fee.

About Reliance Communications :

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 90 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

RInfra Wins Jaipur-Reengus Road Project from NHAI

RInfra Wins Jaipur-Reengus Road Project from NHAI

  • 53 km road project in Rajasthan is estimated Rs.590 crore
  • RInfra bagged the project based on lowest grant of Rs.103 crore
  • RInfra is now executing seven road projects with total outlay of over Rs 4,500 crore
  • RInfra's seven road projects expected to be operational by March 2011

Mumbai, October 20, 2009: Reliance Infrastructure Limited (RInfra), a unit of Reliance Group, led consortium has won the Jaipur -Reengus road project in Rajasthan from National Highway Authority of India (NHAI) on a BOT (toll) basis, for concession period of 18 years - including the construction period.

The project is implemented under NHAI's, National Highways Development Programme (Phase III), with an estimated project cost of Rs.590 crore. RInfra will invest in design, engineering, finance, construction, operation and maintenance for 4/6 laning of Jaipur - Reengus Section.

Seventeen parties were initially short-listed for RFQ, out of which only two submitted the final bids. RInfra bagged the project based on the lowest grant amount of Rs.103 crore.

The 53 km long highway stretch (from km. 246.300 to km. 298.075) falls on NH-11, connecting Jaipur to Bikaner via Sikar and would be operational by March 2011. Once completed, this will facilitate the smooth ride of vehicles on Jaipur-Reengus-Sikar-Bikaner corridor.

On this occasion, Mr. Lalit Jalan, CEO and Whole-time Director, Reliance Infrastructure said, "We are happy to win Jaipur - Reengus road contract in Rajasthan, which is the seventh road project that RInfra has won. The project would be completed within the stipulated time frame. With seven road projects, RInfra would be committing more than Rs 4,500 crore for the road sector only, with plans to increase the total road project portfolio over Rs. 20,000 crore by 2012-13."

RInfra, now has a cumulative order for more than 515 km of road project, out of which two are commercially operational. The rest are at the various stages of development. All seven road projects are expected to be operational by March 2011.

Reliance Infrastructure in the last two years has emerged as the country's largest developer of road and highway projects. Company's two road projects in Tamil Nadu i.e., Namakkal - Karur Toll Project and Dindigul - Samynalore Toll Project, worth Rs. 763 crore involving construction of 96 km road length, are now commercially operational.

Reliance Infrastructure Limited

Reliance Infrastructure, a part of Reliance Group, is India's leading private sector utility Company.

Reliance Group currently has a market capitalization of around Rs. 1,65,000 crore (US$ 35.1 Bn), net worth in excess of Rs. 64,000 crore (US$ 13.6 Bn), operating cash flow of Rs. 13,000 (US$ 2.8 Bn) crore, net profit of around Rs. 8,400 crore (US$ 1.8 Bn) and zero net debt.

Reliance Infrastructure is ranked amongst India's top 25 listed private companies in terms of all major financial parameters, including assets, sales, net worth, profits and market capitalization.

Environment and Safety Awards for Dahanu Thermal Power Station

Environment and Safety Awards for Dahanu Thermal Power Station

  • 5th consecutive 'GreenTech Environment Excellence Award'
  • 3rd consecutive 'Safety Innovation Award'
  • Safety Awards for Accident Free Power Station in a year
  • 'Vishwakarma Rashtriya Puraskar' to four plant employees
  • Potential to expand and add 1200MW capacity

Mumbai, October 9, 2009: Reliance Infrastructure's Dahanu Thermal Power Station has won GreenTech Foundation's prestigious 'GreenTech Environment Excellence Award 2009' for the fifth consecutive year. The power station has also won three other prestigious national level awards in the field of environment excellence, safety and safety innovations as well as recognitions for best individual performances of its employees.

The power station had won the 'GreenTech Environment Excellence Award' for the first time in 2004 and since then has been adjudged the best power plant in achieving environment excellence. The award will be presented during 10th Annual Global Environment Conference between October 10 and 12, 2009.

Among the other achievements of the power station is the prestigious national 'Safety Innovation Award 2009' that it bagged for the third consecutive year. The award has been conferred on the power station by the Institution of Engineers India for several innovative safety measures that it adopted. This National Level award was presented during Safety Convention - 2009, last month in New Delhi.

The Union Ministry for Labour & Employment has also recognized the power station on Safety front as well as individual achievements. The power station bagged the prestigious Safety Award for being accident free in the performance year 2007 as well as having the lowest ever frequency rate of accidents.

The ministry has also recognized the power station for individual performances as four employees, viz. Shri Louis Fernandes, Shri Jayant Vaze, Shri Dinanath V. Patil, Shri Devanand R. Sawant, were conferred on the prestigious 'Vishwakarma Rashtriya Puraskar'.

While commenting on the occasion, Mr. Lalit Jalan, CEO & Whole-time Director, Reliance Infrastructure said, "We are happy to receive the prestigious recognition for the Dahanu Thermal Power Station and appreciate the efforts taken by our people for achieving new heights of excellence. We are committed to environment protection and overall safety and would continue to enhance our efforts to be eco-friendly entity."

Till date, the power station has won more than 60 prestigious awards and recognitions, nationally as well as internationally. Out of these more than fifteen are for the power station's contribution towards achieving excellence in environment management systems. To add to its achievements, three employees working in the power station have been conferred with the prestigious 'Prime Minister Shram Shree Award'.

Reliance Infrastructure's Dahanu Thermal Power Station is one of the best operated power stations in the country. This is the only power station in the country, which has been adjudged one of the best power plants in the world by Platts Power Magazine, USA in year 2004. Dahanu Thermal Power Station is the only systems compliant power station in the country, which has been certified with ISO 9001 for quality operations, ISO 14001 for environment, OHSAS 18000 for Occupational Health & Safety and SA8000 for Social Accountability. The power plant is also certified for Information Security ISO 27001.

The power station, at present generates 500MW and lights up the areas of Suburban Mumbai at the cheapest tariff of Rs.2.45 per unit compared to the other power utilities. Power Station is consistently operated at more than 100% Plant Load Factor for last consecutive five years & currently running at 103.89% for this financial year with availability factor of about 98.8% till September.

The power station, in view of the ample availability of required resources and infrastructure readiness, has tremendous potentials to expand and add capacity to the tune of 1200MW; thus, aggregating the total capacity to 1700MW and meet growing demand in Mumbai with the cheapest power.

Reliance Infrastructure Limited

Reliance Infrastructure, a part of Reliance Group, is India's leading private sector utility Company.

Reliance Group currently has a market capitalization of around Rs. 1,50,000 crore, net worth in excess of Rs. 64,000 crore, operating cash flow of Rs. 13,000 crore, net profit of around Rs. 8,400 crore and zero net debt.

Reliance Infrastructure is ranked amongst India's top 25 listed private companies in terms of all major financial parameters, including assets, sales, net worth, profits and market capitalisation.

Reliance Webstore signs strategic distribution agreement with Coolpad Communications

Reliance Webstore signs strategic distribution agreement with Coolpad Communications

  • Coolpad Communications is the Indian Joint Venture of Hong-Kong-listed China Wireless Technologies Limited
  • Agreement marks Coolpad formal entry into the Indian high-end Smartphone market
  • India is Coolpad's overseas first destination, part of global expansion strategy
  • Coolpad smartphones to be retailed in 2300 Reliance World and Reliance Mobile Stores across 700 cities in India

MUMBAI, October 8, 2009 :Reliance Webstore Limited, the retail venture of Reliance Group, has signed an strategic and exclusive distribution agreement with Coolpad Communication Private Limited. Coolpad Communications is the Indian Joint Venture of the Hong-Kong listed China Wireless Technologies Limited. This agreement marks Coolpad formal foray into the Indian handset market. It also marks diversification of Reliance Webstore Ltd into open market handset retailing business through its exclusive Reliance World and Reliance Mobile stores.

Coolpad's agreement with Reliance Webstore will allow it immediate market access across 700 cities in India where Reliance has its retail presence through its exclusive stores. Reliance Webstore Limited will be the exclusive distributor of Coolpad's range of handsets in India. Coolpad is one of the world's largest dual-mode handset brands. Coolpad dual-mode's unique advantage lies in the fact that it can have two SIM cards (typically CDMA+GSM) in the same handset. The company is planning to roll-out five models of Coolpad dual-mode handsets in India by December 2009.

Commenting on the agreement, Mr Sarup Chowdhary, Director & CEO, Reliance Webstore Limited said, "Our agreement with Coolpad Communications follows the successful test marketing of the brand across several cities in India. The dual-mode smartphones will leverage Reliance's nationwide presence in both CDMA & GSM services. The agreement with Coolpad is strategic to our larger participation in the Indian telecom retail sector."

Commenting on its partnership with Reliance Group company, Mr Guo Deying, Chairman & CEO, China Wireless Technologies Limited said: "The partnership with Reliance Group marks the commencement of our global journey. We selected India as our first global destination in acknowledgment of the fact that it offers immense potential to create significant milestones in our global expansion plans. Reliance Group's success in the world's fastest growing Indian telecom sector offered a right fit for us to partner with its retail company-Reliance Webstore Limited.

China Wireless' India Joint Venture Head and Coolpad's Managing Director, Mr Sami Al-Lawati said, "Coolpad's entry into India is timed to tap India's 3G market potential as we plan to introduce 3G-enabled dual-mode smartphones in the market soon. Our partnership with Reliance Webstore Limited will help us access end-consumers in over 700 Indian cities, enabling Coolpad to drive product development in line with specific customer needs."

Coolpad's India foray is the company's first overseas venture. This is in line with China Wireless' strategy to penetrate overseas markets and take a leadership stance in the global dual-mode market segment. As part of its global outlook, the company is further expanding in the global telecommunications markets by establishing strong and strategic relationships with global telecommunications operators.

Coolpad & Reliance Webstore will roll out smartphones in the sub-8000 price-range. Besides being a high value proposition, this disruptive pricing strategy will enable Coolpad to get an instant foothold in the high-growth smartphone market as well as enable the company to escalate mass adoption of smartphones in India.

India, with its growing smartphone user base, offers Coolpad the perfect opportunity to pursue its global ambitions. Currently, 4% of the mobile phones sold in India are smartphones. The Indian smartphone market is expected to cross 20 million handsets by 2010, with nearly 50% of the volumes being contributed by business users. Moreover, India currently enjoys the unique position of being the highest growth potential economy in the global smartphone market.

As its long term outlook in India, Coolpad will focus on capitalizing on its R&D strength and expanding its high-end dual-mode smartphone market share through delivery of additional high quality and feature-rich smartphones.

About Reliance Webstore Limited :

Reliance Webstore Limited, a Reliance Group company and a wholly owned retail subsidiary of Reliance Communications operates the nationwide chain of Reliance World retail stores. The stores are designed to give the customer a delightful experience of the digital world of information, communication, entertainment and utility services.

Currently, there are 232 Reliance World outlets across 104 cities in India and the network continues to expand to more locations and cities.

Besides offering the products and services of Reliance Communications, Reliance World showcases all retail offerings of the Group's brands, including Reliance Big TV DTH, Big Flix Video Rentals and Reliance Money financial services. The stores also offer a wide range of interesting and innovative products & services, beyond the Group's brands.

All Reliance World outlets are connected to Reliance's countrywide optic fibre network. The Broadband Centre at Reliance World leverages this broadband network to offer High-Speed Internet Surfing, Online Gaming, Video Conferencing, Digital Electronic News Gathering, Digital Services, eLearning, Ready-to-use Offices and many more services.

For more information on Reliance World, visit www.relianceworld.in

About China Wireless Technologies Limited :

China Wireless Technologies Limited (Listed on the main board of HKEX. Stock Code 2369) is dedicated to wireless data integration solutions with smart phones at the core. It is a professional provider of integrated solutions for smart phone sets, mobile data platform systems and value-added business operations in China.

China Wireless Technologies Limited (the "Company") was incorporated in the Cayman Islands as an exempted company with limited liability on 11 June 2002. The shares of the Company (the "Shares") were listed on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 9 December 2004 (Stock Code: 2369).

In the last decade, capitalizing on the development of wireless telecommunications technological know-how in wireless telecommunications across multiple wireless telecommunications network standards including paging, GSM, CDMA1X, TD-SCDMA and PHS network, the Company and its subsidiaries (the "Group") have developed a number of various proprietary technologies and patents such as operating systems, radio frequency, protocols and wireless data decomposed transmission technology. The Group has developed advanced research and development capabilities in mobile communications and gradually becomes a leader of high-end dual-mode smartphone in the global telecommunications market.

Reliance Communications redefines Telecom Industry benchmarks

Reliance Communications redefines Telecom Industry benchmarks

  • All calls - Local, STD & Roaming at 50 Paise only - for lifetime
  • Available on all GSM & CDMA networks anytime, anywhere in India
  • Available on both prepaid and postpaid platforms
  • No restrictions, no conditions, no exclusions
  • Effective from October 6th across India

Mumbai, October 5, 2009 : Reliance Communications unveils a bold new plan that will ignite the next revolutionary phase of growth and innovation in the Indian market. The company is rolling out a first of its kind plan called Simply Reliance Plan on its CDMA and GSM networks. Reliance Communications will roll-out the Simply Reliance Plan nationally for both prepaid and postpaid segments on Tuesday, October 6, 2009.

Commenting on the new ground-breaking initiative, Mr. Anil Dhirubhai Ambani, Chairman, Reliance Communications said,

  • "Reliance pioneered the mobile revolution making calls cheaper than a postcard in 2005.
  • In another game changing move today, Reliance brings a billion Indians closer to each other, with one single rate for all local and STD calls, to any mobile or landline network, anytime, anywhere in India, without any conditions or restrictions.
  • Once again, Reliance has set new standards, offering unbelievable and never-before savings to a billion Indians."

The Simpy Reliance Plan offers one single rate of 50 paise per minute across India covering 24,000 towns and 600,000 villages.

The single rate of 50 paise per minute applies to --

  • all local calls
  • all STD calls
  • to any mobile CDMA or GSM or Landline from anywhere in India
  • all incoming and outgoing calls while roaming
  • anytime of the day or night
  • all SMSes - local or national
  • without any monthly charges for prepaid
  • without any hidden charges or any conditions, whatsoever.

To avail this Simply Reliance Plan, existing or new prepaid customers have to purchase one time special tariff voucher for Rs.48 to enjoy lifetime validity.

Incidentally, most of the competitive tariff plans launched in the market recently, have not been offered to the post-paid customers in India. However, postpaid users too can now avail this Simply Reliance plan and enjoy the same single rate of 50 paise per min with monthly subscription fee of Rs.99.

With the Simply Reliance Plan, Reliance Communications offers seamless and unconditional benefits to all its existing customers, both prepaid and post-paid, as well as new customers waiting in the wings to join the Reliance family. There are no other terms or conditions or any fine print attached to this plan.

Revolutionary Value-Driven Proposition of Reliance Simple Plan

Product Offering

Competitive Offerings Average Call Rate

Reliance Simple Plan Call Rate

Value Benefit of Reliance Simple Plan over Market Offering (%)

Local Call

Re 1

 

50%

Local Call (with Monthly Pack / Rental)

60p to 75p

 

17% to 33%

STD Call

Rs 1.50

 

67%

STD Call (with Monthly Pack / Rental)

75p

50p

33%

SMS - Local

Re 1

 

50%

SMS - National

Rs 1.50

 

67%

Roaming - Incoming

Re 1

 

50%

Roaming - Outgoing

Rs 1.50

 

67%

Post-Paid Call Rates

Not Covered

 

100%

As a single largest roll-out of any national tariff plan, the Simply Reliance Plan can be availed across 24,000 towns and 600,000 villages in over 2500 Reliance Mobile Stores, nearly 250 Reliance World stores and over 1Million retailers across India.

The Simply Reliance Plan will be supported by RCOM's 3G-Ready network offering a number of innovations to our customers. These include:

  • Next-gen electronics for super digital voice clarity
  • Seamless coverage on major railway routes, national and state highways through dedicated mobile towers
  • Access to a Reliance owned fibre network for unlimited capacity - both in India and overseas, resulting in unmatched quality on local, STD or ISD calls
  • Nationwide enhanced capabilities for fastest internet access speeds
  • Stutter-free video capability including numerous TV channels, sports updates as well as access to popular video sharing websites like Youtube
  • Widest R-World mobile content offering entertainment, music, news, cricket, bollywood, maps and search
  • One-click set-up and access to email and social networking offering convenience of a PC

About Reliance Communications :

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 90 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 190,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Communication and Microsoft announce partnership to offer Windows Mobile solutions

Reliance Communication and Microsoft announce partnership to offer Windows Mobile solutions

  • Free data access of upto 200MB for Rs 95/month for Windows Mobile users

Mumbai, September 30, 2009: Reliance Communications & Microsoft have entered into a strategic partnership to offer Windows Mobile Solution on Reliance's wireless networks. According to this agreement, Microsoft will offer its productivity solutions to Reliance customers including push email support, chat, photo-sharing, content back-up and other applications. The company will offer Microsoft's Windows Mobile Solution as part of its post-paid and pre-paid offerings on its networks.

Reliance is leveraging its tie-up with Microsoft for Windows Mobile Solution by offering attractive data packages on the entire range of Windows Mobile phones. As part of the Windows Mobile solutions roll-out, Reliance Communications is introducing a special data plan offering a data download of 200MB for just Rs 95/month exclusively to Reliance Mobile customers using Windows Mobile phones. This data plan by Reliance offers double the value proposition as compared to any other product in the market.

Commenting on the tie-up, Mr Vrajesh Shelat, Head Wireless Data Business said, "Our tie-up with Microsoft is part of our overall strategy to strengthen our market share in the fast growing Smartphone segment. By offering the Windows Mobile Solution, we will be able to address a wider customer base in this segment. This special data plan for Windows Mobile for post-paid and pre-paid users on Reliance Mobile GSM and CDMA networks will ensure that price is no longer a barrier for premium data services."


Mr. Amajit Gupta, Director - Communications and Media Segment, Microsoft India said, "This is a one of kind partnership between Reliance Communications and Microsoft that underscores the importance of the mobile software in delivering an unmatched user experience. Windows Mobile is India's leading smartphone platform and this unique partnership will help ensure that more customers can access Windows Mobile solutions at very attractive prices."

Reliance Communications will leverage its telecom infrastructure backbone to offer Windows Mobile service on its network. The company's pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.

Windows Mobile, one of India's fastest selling smartphone OS,brings new features and tools to smartphones while maintaining unrivaled flexibility, productivity and customization. New features in Windows Mobile include support for rich HTML e-mail, increased functionality within Microsoft® Office Outlook® Mobile and Office Mobile programs, and improved security and device management for IT managers. It also delivers advanced mobile communications, increased mobile productivity and optimized mobile business performance, with a consistent and familiar Microsoft software experience.

Designed to make users more productive and access a range of online services, Windows Mobile customers also get access to more than 20,000 applications, including Microsoft My Phone that allows users to access, manage and back up their personal information on their device to a password-protected Web-based service.

About Microsoft India

Founded in 1975, Microsoft (NASDAQ "MSFT") is the worldwide leader in software for personal and business computing. The company offers a wide range of products and services designed to empower people through great software - any time, any place and on any device. Microsoft Corporation India Private Ltd is a subsidiary of Microsoft Corporation USA. It has had a presence in India since 1990 and currently has offices in 16 cities - Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Hyderabad, Indore, Jaipur, Jamshedpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, and Pune.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, directly connecting 40 countries from the East coast of the United States, to Europe, the Middle East, India, South and East Asia, through to Japan. The network seamlessly interconnects with its 190,000 route Kilometres fibre optic cables within India.

Reliance Mobile introduces job-search service for blue-collar employment seekers

Reliance Mobile introduces job-search service for blue-collar employment seekers

Mumbai, September 18th, 2009: Reliance Mobile is launching a unique Job service on R-World, its VAS platform. The uniqueness of this job search service is that instead of focusing on white-collar employment seekers, Reliance Mobile is focussed on the hugely potential yet vastly untapped informal jobs market. The company has tied-up with Babajob.com, a company that specializes in informal labour hiring to launch this service on a pan-India basis. Reliance Mobile's job search service can be accessed through R-World.

Reliance Mobile's unique job service offers Employers an easy access to reachable candidates and allows them to reach job seekers who often lack web access and hence better job opportunities. The advantages that Reliance Mobile's job service offers to job seekers is access to better jobs that offer considerably higher remuneration closer to home and better timings. Additionally, it offers rural users information about jobs in their districts as well as often higher paying jobs in nearby cities.

Commenting on the new service, Mr Krishna Durbha, Head - VAS, Reliance Communications said, "This is is a scalable, replicable solution which will connect computer/voice-based employers to job-seekers with mobile phones. We see major usage of this service in Tier 3 and rural locations. This service will enable informal job seekers to find lucrative employment opportunities at a click of a single button. We are currently launching this job search service in 5 languages - Hindi, Telugu, Kannada, Tamil & English. We plan to go live with additional languages within the next one month."

Through this service, Reliance Mobile is targeting a vast base of job seekers who are not computer literate as well as not qualified for jobs that get advertised on well-known job portals. These are typically low ARPU customers who would see rational sense to pay for mobile services that can improve their livelihoods. Babajob had undertaken a pilot project in Karnataka. The pilot project resulted in 2.4% conversions from over 100,000 low-ARPU users.

Sean Blagsvedt, CEO of Babajob.com adds, "We are extremely excited to partner with Reliance Mobile to bring their customers access to our growing database of informal sector jobs and candidates. Our vision is create an efficient marketplace for employers to connect with blue-collar labor and help the vast middle and lower classes of India connect with better job opportunities; this partnership with Reliance represents a giant step towards making that vision a reality for the over 80 million Reliance Mobile customers in India.

Currently, the informal job market comprises of over 138 million jobs seekers in India looking for blue-collar or odd jobs. It is expected to grow to over 220 million seekers by 2012. The informal job search through mobile market size is expected to touch Rs 6500 crore by 2012. Reliance Mobile is targeting nearly 12% share of this market.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, directly connecting 40 countries from the East coast of the United States, to Europe, the Middle East, India, South and East Asia, through to Japan. The network seamlessly interconnects with its 190,000 route Kilometres fibre optic cables within India.

About Babajob

Babajob Services Private Ltd is a Bangalore based company established in 2007 with the mission to make the informal job market in India more efficient by providing job information via the web and mobile phones. It has registered over 260,000 open job positions in India to date and has over 80,000 registered users.

Reliance Mobile launches BIGMaps on GSM Network

Reliance Mobile launches BIGMaps on GSM Network

Mumbai, September 10th, 2009: Reliance Mobile has launched BIGMaps service on its GSM network. Reliance Communications is the first telecom operator to offer BIGMaps service. The BIGMaps service allows search across Business, Directions, Events and Movies by organising local information on a pan-India basis. At present it's available on mobile through SMS, WAP and downloads. Plans are afoot to offer the service through internet in the near fture.

With the launch of BIGMaps service, Reliance Mobile intends to offer world-class local search platform for India with maps data across 15 zoom levels and real time landmark based routing.

Once public beta is opened on web, the platform will allow rich mobile-web experience leveraging on the best in class maps and geo-coded yellow pages information for India. BIGMaps service is available on RWorld for download and WAP search.

Commenting on the launch of the new service, Mr Krishna Durbha, Head - VAS, Reliance Communications said, "Our BigMap service reiterates our focus of driving VAS leadership through innovative offerings. This service will increase the usage of device based search & navigation. Business, Event, Direction and PointnFind search are for the serious users, while Friend finder adds the fun element".

Mr Manav Sethi, COO, BIGMaps added that this is just a beginning and whole lot of unique features on the platform and across data are in store. He added "BIGMaps has best Maps data and geo-coded yellow pages information with 20+ Mn geoc-coded buildings across India which once opened on web allows for most accurate search and user generated content. The missing restaurant could be added on the exact building and its possible to search café around atlantis building in Bandra. We are also ready with the mapmaker tool where in a missing building could be added next to the one on the map".

BIGMaps intend to partner content owners and aggregators for local content and will open up the APIs for application developers to build innovative applications.

BIGMaps a Mumbai based start-up. It aims to organize local information on India. The platform is built using open source technologies and leverages the best maps and geo-coded yellow pages data for India.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, directly connecting 40 countries from the East coast of the United States, to Europe, the Middle East, India, South and East Asia, through to Japan. The network seamlessly interconnects with its 190,000 route Kilometres fibre optic cables within India.

Department of Telecommunications allots 8055 series to Reliance Communications for Maharashtra & Goa

Department of Telecommunications allots 8055 series to Reliance Communications for Maharashtra & Goa

  • Reliance's first mobile series beginning with '8'
  • Reliance rolls out the new number as 'BOSS' series
  • BOSS series to be launched on Reliance GSM network
  • Customers will have the option to select their preferred BOSS number by sending an sms

Pune, September 8, 2009: Department of Telecommunications has allotted Reliance Communication a brand new number series 8055 in the Rest of Maharashtra (including Goa) circle. The company is rolling out these numbers in the Rest of Maharastra circle under the unique name of "BOSS". This is for the first time that Reliance Communications is rolling out the mobile series beginning with 8.

Announcing the roll-out of its BOSS series at a press conference in Pune, Mr Ravi Santhanam, Circle CEO - Wireless Business, Maharashtra & Goa, Reliance Communications, said, "Reliance Communications has launched its GSM services across Mahrastra & Goa and has received a tremendous response from the subscribers in the circle. Our new BOSS series reflects the unique success of Reliance Mobile brand in this circle. As part of the roll-out of '8055' Boss series, we will offer our customers in Maharastra and Goa an equal opportunity to purchase their choice of number by sending an SMS. This is the first time we are offering our customers an option to choose their preferred number. This is in line with our company's thrust to offer best-in-class mobile services to its customers across the country."

Reliance Communications is offering the BOSS series on both its pre-paid and post-paid platforms across its GSM network. Customers across Maharastra and Goa can purchase unique numbers from the BOSS series by sending an sms as "BOSS" followed by the remaining 6 digits of their choice to 567678. Depending on the availability; the selected number of choice will be blocked and a reference code will be provided to the customer. A new customer has to purchase a new Reliance Mobile GSM number along with Rs 80 National Calling Card (NCC) recharge and SMS back their reference number to activate their preferred choice of number. An existing Reliance GSM customer can avail this unique opportunity of having a preferred number in the BOSS series by following this process but without requiring to buy a new connection.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, directly connecting 40 countries from the East coast of the United States, to Europe, the Middle East, India, South and East Asia, through to Japan. The network seamlessly interconnects with its 190,000 route Kilometres fibre optic cables within India.

RCOM targets rural customers with new services & sachet pricing for mobile Internet access

RCOM targets rural customers with new services & sachet pricing for mobile Internet access

  • Launch of BharatNet High-speed Wireless Internet service plan
  • Expanding rural services with new Grameen VAS
  • High impact Machine-to-Machine applications to be a thrust area

Mumbai, August 25th, 2009: Reliance Communications, India's largest dual network operator and one of India's biggest telecom player has introduced major strategic initiatives aimed at growing the mobile telecom and internet penetration in Rural India. This is in line with the company's objective of bridging the Digital Divide.

Over the last six years, since the inception of Reliance Communications, the company has achieved significant success in making mobile telephony affordable to millions of Indians in India. This was one of the key drivers of India's enhanced rural tele-density from 1.5% in March 2003 to 14.80% in March 2009.

RCOM's rural enabler blue-print is based on a three-pronged strategy. Drive internet penetration across rural and sub-urban terrain, thrust on high impact machine-to-machine solutions, and provide value-added services specific to rural needs under GrameenVAS initiative across 500,000 villages.

Commenting on its rural initiatives, Mr S P Shukla, President - Wireless, Reliance Communications said, "The Indian telecom wireless rural subscriber base is now over 125 million. The next wave of telecom growth is emerging from rural India. With rural base expected to double in the next few years, RCOM is committed to drive this exponential growth through innovative and ground breaking service offerings and tariffs."

According to Mr Mahesh Prasad, President - MDCS, Reliance Communications said, "Mobile is rapidly overcoming the challenge of universal access in rural areas. Our goal is to offer to this large rural population across India, innovative products and services customized for rural & local needs. Rural markets offer significant as well as large-scale opportunity to tap highly potential but relatively unaddressed market topography."

With this rural drive, RCOM is launching three initiatives i.e. BharatNet plan, Grameen VAS & M2M (Machine to Machine) solutions.

BharatNet Plan

RCOM's strategy to drive rural internet penetration. Today, there is an existing addressable market base of around 4 million PC users in rural India. However these users are faced with an inherent limitation of dial-up services on quality, speed and an effective broadband service, which are currently available only to urban territories. To address this clear need, RCOM is launching BharatNet plan, the high-speed wireless internet service in over 20,000 rural locations across the country.

This will be a high-speed variant of its Reliance NetConnect service, but specifically designed for the rural and sub-urban markets offering speeds of approximately 153 Kbps, which is 4 to 8 times the current dial-up speed of the wire-line services. Additionally, speed quality will improve since it is no longer dependent on the quality of the copper wire.

As part of this, RCOM is offering BharatNet internet access for just Rs 98/week with downloads upto 350MB. With this sachet pricing, RCOM plans to create appeal with both, casual and heavy users. This tariff will be available across rural India excluding the metros and top 100 cities. "Driving Internet penetration across the country beyond major cities is a key priority for Reliance Communications," said Mr. Prasad.

Grameen VAS

RCOM's Grameen VAS services cater to the specific local needs of rural mobile consumers in over 500,000 Indian villages. This roll-out signifies the company's increased thrust into the vast potential but yet untapped Rural VAS services. The underlying belief is that the mobile phone today is not just a tool for communication, but a device to impart education, facilitate commerce and transactions, offer health and travel solutions and a critical driver for community building.

Grameen VAS will be an integral part of their day-to-day lives. Grameen VAS would cover several specialised services including Mandi Bhav, Agriculture & Animal Husbandry Updates, Weather Forecast, Local Info, Samachar etc. all in multiple Indian Languages. These solutions can be categorised broadly under mLearning, mHealth, mCommerce, mUpdates and GroupSampark (Community Messaging). These services can be accessed via different modes i.e. Voice Portals, SMS, USSD, Data (R-World) etc.

To increase adoption, Grameen VAS is priced at Rs.15/month.

Machine to Machine Applications (M2M)

RCOM's third thrust area will be high impact machine-to-machine applications. These are mobile applications that aid automation, surveillance, remote monitoring, and data gathering. The company is one of the largest users of IMs (Intelligent Modems) and has successfully used them in energy solutions in urban and semi-urban areas. RCOM sees a major potential of machine-to-machine solutions in both rural and urban markets in India.

The M2M opportunity for rural market includes Automation of Agro & Irrigation services, water level monitoring, and data gathering for milk & agri-cooperatives, fisheries, poultry, and soil analysis.

Similar such opportunities for the urban include mobile ticketing, purchase@Kiosks and vending machines, and remote monitoring of office automation products.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Mobile plans unique contest based on ICC Champions Trophy

Reliance Mobile plans unique contest based on ICC Champions Trophy

  • Selected winners may win a trip to South Africa

Mumbai, August 20, 2009: Reliance Mobile, the 'Global Partner' for the ICC Champions Trophy South Africa 2009, today announced various consumer initiatives as part of its partnership for the tournament scheduled to begin next month.

These initiatives were announced during the Reliance Mobile Trophy Preview for the ICC Champions Trophy. This marked the beginning of Reliance Mobile's Trophy Preview in India before the tournament commences in South Africa on September 22nd, 2009. The ICC Champions Trophy trophy will be handed over to the winning team of the 2009 edition of the tournament.

Commenting on Reliance Mobile's association with ICC Champions Trophy, South Africa 2009, Akshay Kumar, Senior Executive Vice President, Reliance Communications said, "As the designated Global Partner for all ICC events till 2015, Reliance Mobile is privileged to be associated with this exciting tournament which will provide a unique opportunity to watch the top eight cricketing teams compete. We are initiating various consumer-friendly promotions and initiatives for our customers and channel partners based on the ICC Champions Trophy, South Africa 2009."

Leveraging its association with ICC to benefit customers, Reliance Mobile is planning to organize interactive contests on R-World as part of its ICC Champions Trophy South Africa 2009 initiative. The company plans to organize this contest across various platforms of R-World including CRBT, Voice Portal, SMS etc. Those wishing to participate in this unique contest will have the freedom to choose their platform as per their preference & ease of using a platform. The contest will be launched across both GSM and CDMA networks.

For instance, on Voice Portal, a subscriber will be able to dial a particular multimodal number, subscribe to the Cricket Score subscription services post which he will have to answer a skill- based question. Select winners of the contest could win a trip to South Africa.

Moreover, Reliance Mobile will go Live with all ICC Champions Trophy, South Africa 2009 matches through its R-World VAS platform. Reliance Mobile subscribers will be able to catch all the excitement of this tournament on their handsets. Reliance Mobile will also provide subscribers an option to have match scores and expert commentary on the matches as their caller-tune.

"The support of our excellent commercial partners such as Reliance Mobile is vital for the continued success of our events," said Campbell Jamieson, ICC General Manager - Commercial, who attended the function held in Mumbai. "We are delighted that Reliance as an ICC Global Partner has in place initiatives for the event that will help to make the ICC Champions Trophy even more exciting for cricket fans and Reliance customers throughout India."

Campbell Jamieson further adds, "This ICC Champions Trophy is quite different and more exciting compared to all the ones that went before. Effectively, it is in one location with two world-class venues at The Wanderers and Centurion. It is a short, sharp event with just the top eight-ranked ODI teams taking part in international competition. The event is all about prestige. It features the best players competing for a major ICC title with more prize money on offer than ever before with a total of US$4million at stake."

About ICC Champions Trophy, South Africa 2009:

The ICC Champions Trophy is a 50-over per side ODI Championship which is organized every two years. The 2009 edition is expected to be an intensely gruelLing & fiercely competitive tournament for the eight participating international ODI teams. The matches are being staged across two venues: The Wanderers (Johannesburg) and Centurion Park (Centurion).

These top 8 ODI teams have been placed in two Groups, which are as follows:
Group A: Australia, India, Pakistan & West Indies
Group B: South Africa, New Zealand, Sri Lanka & England

The tournament comprising 15 matches will be played across a span of 14 days making this a shorter & tougher format. The eight teams will battle for a record prize pool of US$ 4 million. All the matches will be aired live on ESPN Star Sports.

A number of new initiatives promise to make this tournament even more exciting. In the 2009 edition of the ICC Champions Trophy, every member of the winning team will win the unique ICC Champions Trophy Winner's Jacket which only a 'Champion' is entitled to wear. The prize monies have also grown four-fold since 2006. The Winners will receive US$ 2 million, the runner's up will earn US$ 1 million and the two losing Semi-finalists will take home US$ 400,000 each. The team that finishes third in each of the two groups will take home US$ 100,000 each.

About Reliance Communications :

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region..

Reliance Mobile introduces Antakshari service on GSM & CDMA networks

Reliance Mobile introduces Antakshari service on GSM & CDMA networks

Mumbai - August 18, 2009: As part of its overall plan to drive VAS leadership through innovation, Reliance Mobile is launching a unique Antakshari service on its R-World platform. This service will allow a subscriber to play Antakshari with a selected community or his friend on the move. Reliance is creating a special viral marketing portal where a subscriber will be able to throw a challenge to the other and a recipient will be able to respond.

The service will offer the subscriber three lifelines to continue the game. These lifelines are Library, 50/50 and Ask A Friend.

Commenting on the new service Mr Krishna Durbha, Head - VAS, Reliance Communications said, "Antakshari is one of the oldest music based games that Indians have known and played for generations. We have conceptualized the same for our subscribers who can now play the Antakshari with any other Reliance subscriber in the country."

Reliance will offer this unique service for a subscription charge of Rs 30 / 30 days with 30 minutes free usage. Subscribers will be allowed to add players to his list and send them songs of choice in their own voice to play antakshari. Users will also be allowed to block other users at any given point in time as well as decide whom they want to play with at a given point of time.

Reliance Mobile is launching this service on both its GSM and CDMA networks.

About Reliance Communications:

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion) and net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

For further information, please contact:

Reliance Communications

Freddy Castro
Mob: +Mobile: +91 9321925648
frederick.castro@relianceada.com

Anuj Bakshi
Mob: +91 9321721722
anuj.bakshi@relianceada.com

Birju Shah
Mob: +91 9321317494
Birju.shah@relianceada.com

K2 Communications (Mumbai)

Aditi Roy
Mob: +91 9321110029
aditi.p.roy@relianceada.com

Reliance Communications Signs Strategic Tie-up With Kodiak Networks For Nationwide Roll-out Of Mobile Conferencing Service

Reliance Communications Signs Strategic Tie-up With Kodiak Networks For Nationwide Roll-out Of Mobile Conferencing Service

  • To Offer Mobile Conferencing Service @ Rs 99/Month only
  • Service to be offered to Postpaid as well as Prepaid Subscribers
  • First Mobile Operator to offer Mobile Conferencing on CDMA & GSM Networks

Mumbai, August 12, 2009: Reliance Communications is undertaking the nationwide commercial roll-out of Mobile Conferencing Service. The company has tied-up with US-based Kodiak Networks, a global leader of group communications' solutions, as a partner for this service. Reliance Communications will roll-out the mobile conferencing service on a nationwide basis across both its CDMA and GSM networks.

Reliance Communications' mobile conferencing service enables it's customers to establish a conference call amongst a group of 9 contacts from the phone address book with a single click. This is a great value add to it's enterprise customers. While conferencing is an old established product, this service does not need manual intervention for the conference to be set up. The company plans to offer this service for as low as Rs 99/month. The service will be accessible through R-World and supported by all handset clients including Blackberry, BREW, Java, Symbian and Windows Mobile Operating System with over-the-air download ability.

As Reliance's partner, Kodiak Networks will offer the solution through its IP packet based Real-time ExchangeT System. Through this tie-up Kodiak will enable Reliance to offer two key conferencing services Mobile Instant Conferencing and Mobile Scheduled Conferencing.

Commenting on the new service roll-out, Mr Krishna Durbha, Head - VAS, Reliance Communications said, "Our Mobile Conferencing service is a cost-effective, efficient and convenient solution that will prove to be a definite enabler for enhanced productivity to enterprises customers. Availability of Mobile Scheduled Conferencing for prepaid segment will lead to new revenue upsides for Reliance Communication."

Kris Patel, Executive Vice President and CTO, Kodiak Networks adds, "Kodiak is pleased to partner with Reliance Communications, the leading mobile operator in India with pan-India presence in both CDMA and GSM markets. Our solution is designed to simultaneously support GSM, CDMA and upcoming 3G networks and is a proven solution for productivity enhancement for enterprises and revenue enhancement for Reliance Communications."

The Mobile Instant Conferencing service will provide immediate dial-out mobile conferencing, including one-touch mobile call origination from the handset contact list. Business colleagues, consumers and social networking groups can instantly join a conference call from any combination of wireless, or wireline phones, local or long distance.

The Mobile Scheduled Conferencing will allow users to schedule conference calls directly from their mobile handset. Convenient auto-SMS reminders are sent to attendees at the conference start time. Participants can join or rejoin the conference with a single click and are instantly auto-authenticated without personal identification numbers (PIN). All participants can see who is on the conference call.

About Reliance Communications:

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About Kodiak Networks :

Kodiak Networks (www.kodiaknetworks.com) provides wireless operators with a comprehensive mobile solutions portfolio proven to increase revenue, promote group-based communications, and improve customer loyalty and retention. The Kodiak Connected Portfolio is comprised of mobile solutions targeted at Business and Consumer segments; an integrated mobile applications suite; and client-based and clientless user interfaces for open OS and embedded devices. The Portfolio components are based on the Kodiak Real-Time ExchangeT (RTX), a flexible, standard-based, multi-generational IMS compliant platform, which easily scales from independent operators to multinational carriers utilizing 2G or 3G networks. Kodiak customers span the globe and include deployments in North America, Europe, India, Latin America and Asia/Pacific.

For further information, please contact:

Reliance Communications

Freddy Castro
Mob: +Mobile: +91 9321925648
frederick.castro@relianceada.com

Anuj Bakshi
Mob: +91 9321721722
anuj.bakshi@relianceada.com

Birju Shah
Mob: +91 9321317494
Birju.shah@relianceada.com

Kodiak Networks

Greg Schwartz
Mob: +1 2143359841
gschwartz@kodiaknetworks.com

Giridhar Boray
Mob: +91 9845046342
gboray@kodianetworks.com

Good Response to Five PG Certificate Programs Offered By Reliance World & XLRI Jamshedpur

Good Response to Five PG Certificate Programs Offered By Reliance World & XLRI Jamshedpur

  • Courses aimed at mid-career executives
  • Hassle-free enrolment & convenient locations key to programs' success
  • Admissions close by August 14, 2009

Mumbai, August 10, 2009 : Reliance World and XLRI Jamshedpur jointly announced today the enthusiastic response received from professionals to their recent launch of five Postgraduate Certificate Programs.

The courses are aimed at mid-career executives through virtual classrooms at Reliance World retail outlets in over 40 cities in India. The Virtual Classroom programs, powered by Video Conferencing facilities, have been introduced to enable working professionals/executives across various functions to complete their management education while still in service.

Announcing the good response, Sarup Chowdhary, Director and CEO, Reliance Webstore Limited & NIS Sparta said, "We offer the best proposition for content providers and institutions running certification programs through distance learning as well as companies conducting their internal training programs. Besides partnering with the best of the content providers worldwide, Reliance World will also associate with universities and institutes of repute for long-term certificate / degree courses."

Hailing the long-term relationship, Fr. E. Abraham, Director of XLRI remarked, "We are happy to announce that through the broadband medium it is now possible for working executives to complete world-class management programs without relocating from their home towns. We have designed the course, and chosen a mode of teaching that will revolutionize the way education is imparted in India."

The five XLRI programs offered simultaneously through Reliance World are:

  • Postgraduate Certification in Business Management (PGCBM)
  • Postgraduate Certification in Human Resource Management (PGCHRM)
  • Postgraduate Certification in Logistics & Supply Chain Management(PGLSCM)
  • Postgraduate Certification in Retail Management (PGCRM)
  • Postgraduate Certification in Sales and Marketing Management (PGCSMM)

These programs are designed to meet the specific needs of mid-career executives who want to enhance their knowledge in their respective functions.

The Union Budget 2009 announced a slew of schemes to leverage literacy rate in India along with helping students to study higher education. An expenditure outlay of Rs. 44,528 crore has been allocated for education in the current fiscal year, an increase of 20% over last year's.

India has a rapidly growing demand for educational opportunities and the existing facilities meet only half of that. Consequently, students are going abroad and paying unnecessarily high fees for a course that costs one fourth in India.

To extend the reach of the reputed educational institutes in our country, RCOM had come out at its Reliance World outlets with virtual classroom concept which has proven to be an ideal platform for the success of these programs. The experience is as good as in the classroom except that students participate from Reliance World outlets using the latest, most powerful and most flexible technology available. This medium offers real-time, multi-way audio and visual interaction of the professor and the students. The students can see and hear the professor live, view slides, audio-visuals, participate in interactive sessions with the professor and other students. Those who miss the class can catch up with the video recording on-demand at these Reliance World outlets. Frequent online assessments are conducted at Reliance world outlets to ensure comprehension and application of management concept.

The key differentiators are the recognition of the course curriculum by the industry and courses imparted by the same full-time faculty members of XLRI who teach their Degree programs. The content comes from XLRI while Reliance World provides easy access to the same through its robust pan India broadband enabled delivery platform.

The fact that there is no change in the learning paradigm for the students or in the teaching model for the professors acts as a key strength of Reliance World Virtual Classroom. Everything is designed like a normal classroom course, except that it is delivered virtually through the Reliance World.

Over 1500 students have completed the XLRI Virtual Classroom programs. Most of them are middle to senior executives of top-notch companies. This speaks of the quality and market penetration of the course. All programs have a campus component of 5-7 days for rigorous classroom sessions. A candidate who pass out is awarded alumnus status and become part of the prestigious XLRI Alumni network through a formal graduation ceremony at XLRI's Jamshedpur campus every year.

Interested professionals should apply online at www.xlri.ac.in/satellite. A hardcopy of the application also needs to be sent to XLRI and it should reach the institute by August 17, 2009.

About XLRI

XLRI Jamshedpur is one of the oldest (established in 1949) and the top-most private B-Schools in the country. It is always ranked among the top five Business Schools after the three IIMs. (Source: latest B-School Ranking published and conducted by Outlook-Cfore and Business Today AC Neilsen in June 2008 issue.). It is highly regarded by the industry.

About Reliance World

Reliance World is a world-class nationwide chain of retail outlets for products and services of the Reliance-Anil Dhirubhai Ambani Group. It is designed to give the customer a delightful experience of the digital world of information, communication, education, entertainment and utility services.

Besides offering telephony products and services, Reliance World leverages Reliance's countrywide broadband network to offer High-Speed Internet, e learning, Virtual Classrooms, Video Conferencing, Online assessment, Audio Conferencing, Digital Electronic News Gathering, Digital Services, Ready-to-use Offices and many more services. It also offers DTH Subscriptions (BIG TV), DVD Rentals (Big Flix) and Personal Financial Services (Reliance Money). Currently, there are 234 Reliance World outlets across 105 cities in India and the network continues to expand to more locations and cities.

For further information, please contact:

Reliance Communications

Lakshman Sundar
Mob: +Mobile: +91 9324110166
Lakshman.Aiyar @relianceada.com

Chaitra Harihar
Mob: +91 9323861167
Chaitra.Harihar@relianceada.com

K2 Communications (Mumbai)

Aditi P Roy
Mob: +Mobile: +91 9321110029
Aditi.P. Roy@@relianceada.com

Indrani Banerjee
Mob: +9819351567
Indrani.Banerjee@relianceada.com

Tilaiya UMPP transferred to Reliance Power Limited

Tilaiya UMPP transferred to Reliance Power Limited

Mumbai, August 07, 2009: Upon emerging as successful bidder in the tariff based International Competitive Bidding, Reliance Power Limited - a Reliance ADA Group company, today acquired Jharkhand Integrated Power Ltd (JIPL) - the Special Purpose Vehicle Company formed to implement Tilaya UMPP - from Power Finance Corporation Ltd (PFC). The brief highlights are.

  • Reliance Power to build Tilaiya 4,000 MW Ultra Mega Power Project
  • 4,000 MW UMPP involving a capital outlay of over Rs. 20,000 crore to come up at Tilaiya, Jharkhand based on domestic Coal (pit head)
  • Third Ultra Mega Power Project won by Reliance Power after Sasan in Madhya Pradesh and Krishanapatnam in Andhra Pradesh
  • Tilaya UMPP will supply power at levelised Tariff of Rs 1.77 per unit
  • Project to supply power to Delhi, Uttar Pradesh, Punjab, Haryana, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra, Bihar and Jharkhand

New Delhi, 7th August, 2009: Reliance Power Limited, today formally acquired Jharkhand Integrated Power Limited (JIPL), the SPV formed to implement the 4000 MW Tilaiya UMPP in Jharkhand. The transfer agreements were exchanged between J P Chalasani, Chief Executive Officer of Reliance Power and Satnam Singh, CMD PFC at a function in the capital today.

Speaking on the occasion Mr J P Chalasani, CEO of Reliance Power, said "We are glad to add Tilaya into our portfolio of UMPP's. With the addition of Tilaya UMPP, we would now be developing projects of over 33,000 MW based on coal, gas and hydro, the largest in the private sector".

The 4000 MW Tilaiya Power project will entail an investment of over Rs 20,000 Crore and employ environmental friendly super critical technology. JIPL has entered into Power Purchase Agreement (PPA) with 18 procurers from ten states in Eastern, Western and Northern Regions.

Reliance Power Limited (RPL) secured the rights to implement the Tilaiya Thermal Power Project based on domestic coal through a process of international competitive bidding. The project will supply power to 18 procurers for the state of Jharkhand (1000 MW), Uttar Pradesh (650 MW), Bihar (500 MW), Punjab (450 MW), Gujarat (300 MW), Maharashtra (300 MW), Rajasthan (250 MW), Madhya Pradesh (200 MW), Haryana (200 MW) and Delhi (150 MW).

RPL emerged as the successful bidder in the fiercely contested bids for the Tilaiya Project, with the lowest levelised tariff of Rs 1.77 per unit.

Reliance Power now has total portfolio of projects of capacity over 33000 MW based on coal, gas & hydro..

For further information, please contact:

Nagraj Rao
Mob: +Mobile: 9323342576
nagraj.rao@relianceada.com

Ravi Sodhi
Mob: 09350599987
Ravi.sodhi@relianceada.com

Reliance Infrastructure Wins Rs. 11,000 cr Mumbai Metro-II Project
Reliance Communications (RCOM) Announces its Financial Results for the quarter ended June 30, 2009
Reliance Communications (RCOM) Announces its Financial Results for the quarter ended June 30, 2009

Reliance Communications (RCOM) Announces its Financial Results for the quarter ended June 30, 2009

  • Net Profit Higher by 8.3% at Rs. 1,637 Crore (US$ 342 Million)
  • Revenues Higher by 15.5% at Rs. 6,145 Crore (US$ 1,283 Million)
  • Ebitda Higher by 9% at Rs. 2,453 Crore (US$ 512 Million)
  • Ebitda Margin Stable at 40%, Among The Highest in India
  • Net Adds Market Share Increased From 18% to 23% Post GSM Launch Highest Net Adds Market Share in the Industry
  • Reliance Mobile is Rated as India's Most Trusted Service Brand: ET Survey

Mumbai, July 31, 2009: Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended June 30, 2009.

Highlights of the financial performance for the year are:

  • Net Profit at Rs. 1,637 crore (US$ 342 million), higher by 8.3% compared to Net Profit of Rs. 1,512 crore (US$ 352 million) in the corresponding quarter last year.
  • EBITDA at Rs. 2,453 crore (US$ 512 million), growth of 9.0%. EBITDA margin stable at 39.9% with strong contributions across all businesses - Wireless, Global and Enterprise
  • Revenue growth of 15.5% at Rs. 6,145 crore (US$ 1,283 million) from Rs. 5,322 crore (US$ 1,240 million).

Commenting on the results, Mr Anil Dhirubhai Ambani, Chairman, Reliance Communications Limited, said:

"Successful commercial launch of nationwide GSM services and other new initiatives across all our businesses to drive profitable & sustainable growth at Reliance Communications."

Corporate Developments

  • RITL announced long term telecom infrastructure sharing agreement with Etisalat DB
  • Reliance Infratel (RITL), subsidiary of RCOM signed a long term agreement with Etisalat DB, a new wireless mobile services provider for sharing its telecom infrastructure. The agreement will enhance RCOM's revenue by Rs. 10,000 crores (US$ 2.2 bn) which includes revenue from sharing of end-to-end tower and transmission infrastructure. The geographical scope of the deal covers 15 telecom circles which constitutes over 85% of India's population and over 90% of subscribers and revenue market in India.

    The deal provides Etisalat DB the advantage of faster roll-out with the coverage comparable to the incumbents. The deal also enables Etisalat DB to adopt an asset light model by converting most of the capex into opex. RCOM can potentially sign agreement for sharing other infrastructure elements like Bandwidth/Fibre, domestic and International long distance carriage services, collocation of BSC & other core network equipments which would be a further upside to this agreement.

  • RCOM KRIBHCO JV to forge rural marketing
  • KRIBHCO Reliance Kisan Limited, JV Company is the first of its kind to bridge urban-rural divide. The JV will leverage KRIBHCO's wide distribution network which covers 72% of the Indian population through 25,000 co-operative, 6,300 member co-operative and 60 'Krishi Seva Kendras' to promote rural telephony in India. The JV will market telecom & non-telecom products and services in rural India which includes Reliance Mobile (GSM & CDMA) services and DTH services, products & services of Reliance Capital, Entertainment and other customised products for rural India.

  • RCOM Alcatel Lucent Managed Network Services JV
  • RCOM Alcatel Lucent JV completed 1 year of operations with strong accomplishments. In just 1 year, the deal size of the JV crosses Rs. 3,600 crores and demonstrated its capability to achieve the operational cost saving of 20-25%. The JV manages RCOM's GSM & CDMA network covering 22 circles, 20,000 towns, 5 lakh villages catering to over 80 million customers. The JV is one of the largest multi-vendor managed services deal in the world and first for multi-technology managed services in India (both GSM & CDMA). The JV would continue to focus on process improvements and business development opportunities in India and globally.

  • Reliance Mobile is "India's most trusted service brand"
  • Reliance Mobile is rated as "India's most trusted service brand" by Economic Times Brand Equity survey 2009.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary

(Rs. Crore)

Particulars

3 months ended 30/6/09

3 months ended 30/6/08

Increase / (Decrease)

Turnover

 

 

 

Wireless

4,793

4,119

16.4%

Global

1,884

1,526

23.5%

Broadband

684

560

22.1%

Diversified

303

144

 

Total (post eliminations)

6,145

5,322

15.5%

 

 

 

 

EBITDA

 

 

 

Wireless

1,849

1,662

11.3%

Global

452

322

40.4%

Broadband

299

271

10.3%

Diversified

-138

0

 

Total (post eliminations)

2,453

2,250

9.0%

 

 

 

 

EBITDA margin

39.9%

42.3%

-2.4 ppt

 

 

 

 

Depreciation

1,115

864

 

Financial Charges (net)

-620

-234

 

Exceptional items

11

64

 

PBT

1,947

1,556

25.1%

Tax

226

-20

 

PAT (before minority interest)

1,721

1,576

9.2%

Share of minority interest

84

64

 

PAT (after minority interest)

1,637

1,512

8.3%

Reliance Power announces Q1 net profit of Rs 263.31 crore

Reliance Power announces Q1 net profit of Rs 263.31 crore

  • Net Profit of Rs 263.31 Crore (US$ 54.97 Million) for Q1 Fy 2009-10
  • Total Income of Rs 335.51 Crore (US$ 70.04 Million) for Q1 Fy 2009-10
  • Net Worth of Rs 14,042.46 Crore (US$ 2.93 Billion)

Mumbai, July 29, 2009: Reliance Power Limited, a Reliance ADA Group company, today announced its un-audited financial results for the first quarter of the financial year 2009-10. The performance highlights are:

  • Total Income of Rs 335.51 crore(US$ 54.97 million)
  • Net Profit of Rs 263.31 crore(US$ 70.04 million)
  • Cash & Liquid Balances of Rs 9585.39 crore(US$ 2 billion)
Updates on the power projects being developed by Reliance Power - Milestones achieved in Q1 FY09-10.

  • Financial closure has been achieved for a total generation capacity of close to 5,000 MW involving a capital outlay of over Rs 25,000 crores.
  • 4,000 MW Sasan Ultra Mega Power Project has achieved financial closure in April 2009 at a Debt-Equity Ratio of 75:25.
  • 600 MW Rosa Phase II and 300 MW Butibori have achieved financial closure in July 2009 at a Debt:Equity Ratio of 80:20.
  • The capacity at Butibori Power Plant is being expanded by another 300 MW and the project is targeted for commissioning by March 2012.
  • Work on the 600 MW Rosa Phase I project is ahead of schedule and is expected to start operations by the end of this year. Significant progress has also been made in development of the 600 MW Rosa Phase II and the plant is expected to be commissioned before the end of the 11th Plan i.e. March 2012.
  • Progress is being made in the land acquisition process, obtaining of Environmental Clearance and water linkage to help commence construction of the 4,000 MW Chitrangi Power Project at the earliest.

About Reliance Power Limited:

Reliance Power Limited, a part of Reliance - Anil Dhirubhai Ambani Group, is India's leading private sector power generation Company. Reliance Power is implementing power projects with aggregate capacity of over 33,000 MW, by far the largest development pipeline in the country.

Reliance Mobile in pact with US-based Gameloft for Paris Hilton's exclusive game

Reliance Mobile in pact with US-based Gameloft for Paris Hilton's exclusive game

MUMBAI, July 27, 2009: Reliance Mobile has tied-up with US-based Gameloft, a mobile games company that specializes in developing mobile games based on world celebrities and Hollywood movies. As per this tie-up, Gameloft will soon release an unique mobile game based on the life of Paris Hilton. The game is called Paris Hilton's Diamond Quest.

This is the first official mobile game from Paris Hilton, showing the star's glamorous side and elegance. By hosting this game on its network, Reliance will offer its subscribers a rare look inside the doors to Paris Hilton's stunning universe studded with diamonds and sapphires! She has been an actress, a model, and a television star. In the game, Paris needs help to launch her own line of jewelry. Reliance enables its subscribers to hop on board her private jet and travel with Paris Hilton to today's hottest cities (New York, Cancun, Paris, London, and others) in search for exceptionally rare jewels. The player has to make it past numerous puzzles along the way. Reliance Subscribers will be offered choice of several game modes that have different rules but are all based on a similar concept that is both simple and exciting.

As part of its tie-up with Reliance Mobile, Gameloft will also launch the mobile games version of some of the latest Hollywood offerings on Reliance's CDMA and GSM networks across WAP/Brew, Blackberry platforms. These include Night At Museum 2, Terminator Salvation and The Mummy 3.

Interestingly, Night At Museum 2 released across Indian cinema houses on Friday July 24 while Terminator Salvation has been one of the biggest Hollywood successes in recent times.

According to Mr Krishna Durbha, Head - VAS, Reliance Communications, "Our tie-up with Gameloft is part of our strategy to strengthen our gaming portfolio. Indians love celebrities and movies. Through these unique offerings, we are making sure that our subscribers derive added excitement by not only playing games on their Reliance Mobile but also play games based on super-hit Hollywood movies and world famous celebrities."

As part of the larger game-plan, Gameloft will also offer Reliance Mobile a portfolio of games based on Ferrari World Championship, Wimbledon 2009, Spider-Man Toxic City, and a few offerings based on famous television series including CSI: Miami.

Gameloft has partnership agreements with leading licensors and sports personalities such as Ubisoft Entertainment, Universal Pictures, ABC, Dreamworks Animations SKG, Endemol, 20th Century Fox, Viacom, Sony Pictures, Touchtone Television, Warner Bros., FifPro, Ferrari, Paris Hilton, Gus Hansen, Kobe Bryant, Derek Jeter, Reggie Bush, Chuck Norris, Jonny Wilkinson or Robinho allow Gameloft to form strong relationships with international brands.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Etisalat DB Telecom & Reliance Communications Announce A Long-Term Strategic Telecom Infrastructure Sharing Agreement

Etisalat DB Telecom & Reliance Communications Announce A Long-Term Strategic Telecom Infrastructure Sharing Agreement

  • The end-to- end agreement will encompass nationwide Telecom infrastructure including Towers & Transmission
  • The agreement of over Rs 10,000 crores (USD 2.2 BN) is for a period of 10 years
  • This will be the largest agreement of its kind in the Indian Telecom sector

Mumbai, July 22, 2009: Etisalat DB & Reliance Communications, in a significant move today announced a long term passive infrastructure sharing agreement which will accelerate Etisalat DB Telecom's forthcoming roll-out of telecom services in India. Under the terms of the agreements, Etisalat DB and its subsidiary would outsource their Telecom infrastructure requirements for the 15 telecom circles, encompassing end-to-end tower and transmission infrastructure to Reliance Infratel Limited and Reliance Communications Limited, respectively.

Commenting on the strategic alliance, Mr. Mohammad Hassan Omran, Chairman Etisalat said, "This significant development is part of our overall commitment to provide consumers with quality service and reach at the time of launch. As a new entrant in this dynamic market, this alliance provides us with key, strategic advantages that will ensure a robust, speed to market and cost-effective roll-out of services. We are pleased to partner with Reliance Communications and Reliance Infratel, which has an extensive capability as an integrated service provider across the telecom infrastructure value chain. Strategic alliances are integral part of our plans for growth and Etisalat Group will always be receptive to such alliances which help enhance the customer experience."

Mr. Anil Dhirubhai Ambani, Chairman, Reliance ADA Group said, "We are pleased to partner with Etisalat DB through this landmark agreement that will re-define the future of Indian Telecom sector. This win-win agreement demonstrates Reliance Communications capabilities to enable the operators to go-to-market with a bouquet of telecom infrastructure services. This will ensure a faster rollout, optimum costs and a time to market advantage. The vision of our Group founder, the Late Shri. Dhirubhai Ambani, for enhancing customer choice with pro consumer, pro competition philosophy, has inspired us to transform industry dynamics and reinvented economic models."

This agreement presents large cost optimization benefits with an asset light model, improvement in capital productivity and enhances RCOM group revenues by Rs 10,000 crores. The agreement with Reliance Communications Group is the first and the largest Telecom Infrastructure sharing including Towers and Transmission agreement of its kind in the Indian Telecom landscape and strongly complements Etisalat DB Telecom's plans for India.

With operations across in Asia, Middle East and Africa Etisalat has built state-of-the-art telecom infrastructure and taken a leadership position of innovation and reliability among regional and international operators. Today, Etisalat offers fixed line services over the Next Generation Network and enables mobile users with a range of services and applications such as GPRS, 3G, 3.5G, 3.75G , BlackBerry, iPhone, MobileCam and others. Internet users too experience value-additions such as free anti-spam and anti-virus programmes, expanded mailboxes, upgrades of broadband connection speeds and other benefits. In UAE, Saudi Arabia and other markets, Etisalat GSM coverage has reached 100% and 3G coverage reached 99% of populated areas. Offerings include 'triple play' service that includes high speed internet, TV and fixed lines through fiber optic. In addition to voice and data networks Etisalat also offers E-Vision cable TV networks. Etisalat has recently completed the nationwide upgrade of its 3G mobile network to enable mobile broadband download speeds of up to 14.4 Megabits per second (Mbps) across the UAE and other benefits. Globally, Etisalat has roaming agreements with 520 operators.

Reliance Communications Group provides a unified approach with comprehensive telecom infrastructure sharing services including tower infrastructure, transmission connectivity to the telecom sites, Bandwidth/Fibre options , domestic and International long distance carriage services, collocation of BSC & other core network equipments . Reliance Infratel, a subsidiary of Reliance Communications, is India's first nationwide passive infrastructure company offering plug-n-play facilities to provide mobile services across over 20,000 towns and over 5 lakh Indian villages. The next-generation technology-agnostic assets of Reliance Infratel include 50,000 telecom towers with over 2 lakh site tenancy capability and over 1.8 lakh kms of nationwide optic enabling transmission connectivity.

About Etisalat DB Telecom Pvt. Ltd.

Etisalat is today recognized as one of the largest telecommunications company in the world and also the largest operator in the Middle East with operations in 17 countries across Asia, the Middle East and Africa, servicing over 80 million customers. The company has built up state-of-the-art telecom infrastructure and taken a leadership position of innovation and reliability among regional and international operators. Etisalat has been ranked 140th among the Financial Times Top 500 Corporations in the world in terms of market capitalization. The corporation is the largest contributor outside the oil sector for development programs of the UAE Federal Government, and is an award-winning socially responsible corporation. In 2008 Etisalat reported annual Net Revenues of USD 7.12 billion (approx. Rs. 35,000 crores) and Net Profits of USD 2.36 billion (approx. Rs. 11300 crores).

Etisalat DB Telecom Pvt. Ltd. is a joint venture between Etisalat and Dynamix Balwas Group. Etisalat DB and its subsidiary has the Unified Services Access License in 15 circles including Andhra Pradesh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Mumbai, Punjab, Rajasthan, Tamil Nadu (including Chennai), Uttar Pradesh (East), Uttar Pradesh (West), Madhya Pradesh and Bihar. These licenses enable the Company to provide a full spectrum of telecom services covering a population of over 900 million across these circles. Under the license the Company can also provide Internet Telephony, Internet Services and Broadband Services. The company is headquartered in Mumbai.

Etisalat DB's services will include national & international long distance telephony solutions, full range of prepaid & postpaid products, national & international roaming and Value Added Services.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Mutual Fund declares 50% dividend in open-ended scheme

Reliance Mutual Fund declares 50% dividend in open-ended scheme

Mumbai, July 22, 2009: Reliance Mutual Fund, part of Anil Dhirubhai Ambani Group, on Wednesday announced a dividend of up to 50 per cent in its Reliance Regular Savings Fund and Reliance Equity Opportunities Fund, an open ended diversified equity fund.

The announcement was made by Mr. Sundeep Sikka, CEO, Reliance Capital Asset Management Ltd.

The company declared a dividend of 50 per cent (Rs. 5 per unit on the face value of Rs. 10) and 30 per cent (Rs. 3 per unit on the face value of Rs. 10) under the Equity & Balanced Options of Reliance Regular Savings Fund, respectively.

Reliance Mutual Fund also announced a dividend of 20 per cent (Rs. 2 per unit of the face value of Rs. 10) under the Retail and Institutional Plans of Reliance Equity Opportunities Fund.

The record date for dividends is July 24, 2009. All unit holders registered under the above schemes as on July 24, 2009 will be eligible for this dividend.

This is the fourth consecutive year that Reliance Equity Opportunities Fund would be paying out dividends in line with the Reliance Mutual Fund philosophy of passing on benefits to the end investors.

"Reinforcing the investors' faith, Reliance Mutual Fund has maintained its strategy of giving timely and regular dividends on its schemes," said Mr. Sikka.

Along with a Five-star rating from valueresearchonline.com, the growth plan in Equity and Balanced options of Reliance Regular Savings fund have also given significant absolute returns of 75 per cent and 50 per cent, respectively, in the last six months.

The NAV as on July 17, 2009 under the dividend plan of Reliance Regular Savings Fund - Equity and Balanced Option was Rs. 21.8319 and Rs. 16.2719, respectively.

The NAV for Reliance Equity Opportunities Fund Dividend Option - Retail and Institutional Plan for the same date was Rs 16.2148 & Rs 20.2983 respectively.

About Reliance Mutual Fund

Reliance Mutual Fund, a part of the Reliance - Anil Dhirubhai Ambani Group, is the No. 1 Mutual fund in the country managing a corpus of over Rs. 1,08,332 crore for over 71 lac investors (as on June 30, 2009). Source: www.amfiindia.com. Reliance Mutual Fund offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in over 400 cities and towns across the country. Reliance Mutual Fund constantly endeavors to launch innovative products and customer service initiatives to increase value to investors. With More than 90% of the applicants having less than Rs. 50,000 of investments and over 1 million SIP investors proves that Reliance Mutual Fund is truly a very retail focused fund house.

Malay Ghosh elevated as President at Reliance Life Insurance

Malay Ghosh elevated as President at Reliance Life Insurance

Mumbai, July 16, 2009: Reliance Life Insurance Company (RLIC), part of the Reliance Anil Dhirubhai Ambani Group, on Thursday announced that Mr. Malay Ghosh has been elevated as President, as part of the company's overall growth plans.

The announcement was made by Mr. Sam Ghosh, Chief Executive Officer, Reliance Capital Limited, here today.

Mr. Malay Ghosh has taken over as the President, Reliance Life Insurance, from his previous role of Deputy Chief Executive Officer to further lead and strengthen the organisation and continue to provide direction and focus.

With this project, Reliance ADA Group becomes one of the largest private sector investor in the state of Uttar Pradesh with an investment outlay of over Rs. 10,000 crore.

''In his new and expanded role, Mr. Malay Ghosh will provide overall leadership to the organization and will be responsible for all external stakeholders like the regulatory authority and industry interfaces,'' said Mr. Sam Ghosh.

Mr. Malay Ghosh joined RLIC over a year back and has provided leadership to the sales and distribution and other functions with remarkable success, during which Reliance Life showed a positive growth of 28 per cent against an industry de-growth of -6 per cent.

"I am happy to take over the new role and responsibilities. Along with my team, I would work towards setting new benchmarks in business leadership, product and services and creating value for customers,'' said Mr. Malay Ghosh.

About Reliance Life Insurance Company Limited

www.reliancelife.com

Reliance Life Insurance Company Limited is one of the India's top private sector life insurance companies with business premium including renewal premium of over Rs 3,225 crore (as on 31st March 2008). It has a pan-India presence and a range of products, as many as 33, catering to individual as well as corporate needs. Reliance Life Insurance Company Limited is an associate company of Reliance Capital Limited, which is a part of the Reliance Anil Dhirubhai Ambani Group. The company aims to attain a leadership position in the market in the next few years by further expanding and strengthening its distribution network.

1200 MW Rosa Power Project Achieves Financial Closure

1200 MW Rosa Power Project Achieves Financial Closure

  • Rosa Phase I to be operational later this year
  • Rosa Project doubles the capacity - Expansion phase to become operational by 2012

Mumbai / New Delhi, 14th July 2009: Rosa Power Supply Company Ltd, a wholly owned Subsidiary of Reliance Power Limited, yesterday signed the financing agreements for long term loan with various banks and financial institution led by IDBI Ltd in New Delhi, which is being set up in Shahjahanpur District of Uttar Pradesh. The Project would significantly contribute towards making the state of Uttar Pradesh self sufficient in Power Supply.

The Rosa Project, which will become completely operational well within XI plan, will supply 900 MW power to Uttar Pradesh Power Corporation Ltd. Stage I of the Project is in very advanced stage of construction and expected to commence generating power within this year itself, ahead of schedule.

The banks and financial institutions which signed the loan agreements yesterday for the expansion stage includes IDBI Bank, the lead lender to the project, Punjab National Bank, United Bank of India, Life Insurance Corporation of India, Andhra Bank, Axis Bank, Indian Bank, Karur Vysya Bank, State Bank of Bikaner and Jaipur, State Bank of Mysore, Syndicate Bank, The South Indian Bank, Oriental Bank of Commerce, Corporation Bank and Vijaya Bank.

With this project, Reliance ADA Group becomes one of the largest private sector investor in the state of Uttar Pradesh with an investment outlay of over Rs. 10,000 crore.

The expansion phase has obtained all major approvals and clearances. Coal linkage from Central Coalfields Ltd from its coal mines located in Jharkhand has been obtained for supply of around 5 MTPA coal for the project, which will be transported by Indian Railways. The company has signed the Engineering, Procurement and Construction Contract and has issued the 'Notice to Proceed' with Shanghai Electric Company of China.

Reliance BIG TV launches iStock India's first portfolio tracking service on a DTH platform

Reliance BIG TV launches iStock
India's first portfolio tracking service on a DTH platform

  • Unique Portfolio Manager for tracking personal investments
  • Partners with Reliance Money to create iStock zone on DTH platform
  • Unique case of tapping synergies of Reliance ADA Group's multi-sector, multi-domain expertise

Mumbai, July 02, 2009: Reliance BIG TV has today launched a new interactive feature, iStock, India's first portfolio tracking application through their DTH platform.

Reliance Big TV has launched this unique application in association with Reliance Money. Reliance Money has created a unique iStock zone on Reliance BIG TV's DTH platform. This zone will not only provide information about Indian and international indices, currencies, commodity, stock and market news; but also provide Reliance Big TV customers with value added services including a unique personal portfolio management tracker.

Commenting on the launch of this unique interactive application, Mr. Mahesh Prasad, President, Reliance Communications said, "The iStock launch is an excellent illustration of the Reliance ADA Group successful effort to draw synergies of its domain expertise across various sectors. The iStock application is part of our endeavour to offer customers unique and differentiated content and enhance their overall interaction with the Reliance BIG TV brand."

"Since the launch of Reliance BIG TV, we have been at the forefront of driving DTH penetration in India. We escalated the DTH growth story in India with the largest on ground roll-out of a home entertainment service in India. And we followed this up by acquiring one million customers within 90 days of launch," Mahesh Prasad added.

According to Sudip Bandyopadhyay, Managing Director, Reliance Money said, "At Reliance Money, it is our constant endeavor to innovate and provide our customers with value added services and increased levels of convenience. As a part of our electronic channel strategy to meet this objective, Reliance Money is already present on the Internet through our trading kiosks and on the mobile. Embracing the DTH platform of Reliance Big TV was the logical next step in providing our customers the added advantage of being able to access Reliance Money's portal content from the comfort of their living rooms."

An exclusive and unique feature of Reliance BIG TV's iStock application is the personal Portfolio Manager. iStock's Portfolio Manager will allow users to add, track upward / downward movement of their stocks automatically and the overall gain / loss of their investments. The Portfolio Manager will allow users to add up to 16 stocks in the portfolio and monitor them independently with an option to edit/ delete/ replace the target stocks anytime. Reliance BIG TV will also present all the information in graphic charts to display the trends.

This is part of Reliance BIG TV's increasing focus to build its DTH VAS portfolio. The company plans to drive growth and broaden its customer base by a focused approach on providing unique and benchmarking value added services. Currently over 10% of Reliance BIG TV's subscriber base uses its various interactive features such as iGames, iCooking, iNews, iAstro and iSports. Though currently offered as a "free of cost service", as part of its long term strategy, Reliance BIG TV may decide to monetize its interactive applications through targeted revenue modules.

Reliance BIG TV sees big appeal for iStock application from cities and smaller towns alike especially amongst the trading community who have invested in markets and would like to keep a close watch on their stocks.

Reliance BIG TV's iNTERACTIVE applications offer a world of exclusive interactive features at the touch of a button on the Reliance BIG TV remote. iSTOCK is the latest in a bouquet of growing interactive applications under its iNTERACTIVE services which include sporting action on iSPORTS, games application iGAMES, daily astro feature iASTRO, recipe-rich iCOOKING and iNEWS with the latest news updates.

About Reliance Money (www.reliancemoney.com)

Reliance Money, a part of the Reliance Anil Dhirubhai Ambani Group is a comprehensive financial services and solution provider, providing customers with access to Equity, Equity and Commodity Derivatives, Portfolio Management Services, Wealth Management Services, Mutual Funds, IPOs, Life and General Insurance and Gold Coins. Customers can also avail Loans, Credit Card, Money Transfer and Money Changing services.

The largest broking house in India with 3.5 million customers and a wide network of over 10,000 outlets and 20,000 touch points in 5,165 cities/ towns. Reliance Money endeavors to change the way investors transact in financial markets and avails financial services. The average daily volume on the stock exchanges is Rs. 3,000 crores, representing approximately 5% of the total stock exchange volume.

Reliance Capital is one of India's leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking groups, in terms of net worth.

About Reliance BIG TV DTH

A wholly owned subsidiary of Reliance Communications, India's largest integrated telecom service provider, offers India's first fully Digital Home Entertainment Service using MPEG-4 platform, under BIG TV DTH brand. The world's most advanced MPEG4 DTH technology platform enables BIG TV DTH to offer over 200 TV, Cinema and Audio channels, the highest by any other DTH operator in the country. With 32 exclusive movie channels in English, Hindi and Regional languages, BIG TV DTH offers a choice of 600 new movies every year, unmatched by any DTH or cable operator in the country.

The country's largest on-ground infrastructure for a Home Entertainment created by TV DTH would enable the company to serve over 5 million new customers every year and will offer multiple price points and packaging BIG offers to suit needs of all customer segments. The state-of-the-art Customer Service mechanism is fully functional and ready to serve a minimum of 50,000 customers every day in 11 Indian languages. Available at launch at 1 lakh retail outlets across 6500 towns, over 2000 exclusive Reliance branded stores, BIG TV DTH is the largest retail rollout of a Home Entertainment Service in India. BIG TV DTH Toll Free Number: 1-800-200-9001;
Website: http://www.BIGTV.co.in SMS BIGTV to 55454.

Alcatel Lucent, Reliance Communications Managed Network Services Joint Venture completes One year

Alcatel Lucent, Reliance Communications Managed Network Services Joint Venture completes One year

  • Deal Size crosses $ 750 Million (Rs. 3600 crore)
  • JV manages multi-vendor, multi-technology, nationwide wireless networks
  • Operations encompass 20,000 towns and 5 lakh Indian Villages across 22 telecom circles catering to over 80 Million customers

Mumbai & Paris, July 1st, 2009 : Alcatel-Lucent Managed Solutions, the first of its kind Managed Network Services joint venture company of Alcatel-Lucent (Euronext Paris and NYSE: ALU) and Reliance Communications (BSE : RCOM), one of India's largest integrated telecommunications service provider today completes one year. This legal entity was launched in July 2008, as an innovative business model between one of the worlds largest telecom equipment manufacturer and telecom service provider to establish a cost-effective delivery hub for global services business.

"The unique combination of strengths of Alcatel Lucent and Reliance Communications has been among the key drivers for unprecedented growth and quick subscriber ramp up on the Reliance Mobile network", said Mr. Sandip Biswas, Head of Managed Services, Reliance Communications. "With Reliance Communications holding a 33% equity stake in the Joint Venture, it also offers us significant opportunities to further create value for our many million stakeholders", he added. Within the first year of operations the Joint Venture has demonstrated its capability to achieve operational cost savings of 20-25%.

To ramp up the operations and lead the new entity - Alcatel-Lucent Managed Solutions appointed John Crossley as CEO. In his role, John will focus on process improvements and business development opportunities, in India and globally. Prior to taking up this assignment John was leading Alcatel-Lucent's Middle East network operations activities. John has been in the telecom industry for over 30 years.

"We are extremely proud to have this unparalleled partnership with Reliance Communications. Alcatel-Lucent's recognized expertise in delivering best-in-class services is helping them through the business transformation process while accelerating their operational excellence and increasing customer satisfaction." said Andy Williams, president of Alcatel-Lucent's Services activities.

The initial phase of the JV spanned through July to September 2008 wherein CDMA and GSM Operations & maintenance of 5 circles (Maharashtra & Goa, Mumbai, Gujarat, Madhya Pradesh and Himachal Pradesh) were successfully transitioned. In the second phase, on October 2008, Reliance Communications handed over the Rest of India's operations. Alcatel-Lucent Managed Solutions now manages Reliance's pan India CDMA & GSM network covering approx 80 million subscribers and providing coverage to more than 2 million sq. km of area. This makes Alcatel-Lucent the only vendor entrusted with the complete pan India, multi-vendor, multi-technology mobility network operations for a telecom service provider.

The 5-year agreement signed last year by Alcatel-Lucent and Reliance Communications is valued about USD 750 million. It is one of the largest multi-vendor managed services deal in the world and the first for multi-technology managed services in India (both CDMA and GSM).

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 63,000 crore (US$ 14 billion), cash flows of Rs. 12,000 crore (US$ 3 billion), net profit of Rs. 8,000 crore (US$ 2 billion) and zero net debt.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted partner of service providers, enterprises and governments worldwide, providing solutions that to deliver voice, data and video communication services to end-users. A leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent leverages the unrivalled technical and scientific expertise of Bell Labs, one of the largest innovation powerhouses in the communications industry. With operations in more than 130 countries and the most experienced global services organization in the industry, Alcatel-Lucent is a local partner with a global reach. Alcatel-Lucent achieved revenues of Euro 16.98 billion in 2008 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com

Strong growth in Reliance Globalcom global managed service contracts in 2009

Strong growth in Reliance Globalcom global managed service contracts in 2009

Global Enterprise customers realise the value of hybrid network provisioning during economic slow-down

Mumbai, June 29, 2009 : Reliance Globalcom, the leading global provider of managed network and communication services for multinational enterprises, carriers and consumers, has enjoyed increasingly strong demand for its secure, scalable, multi-national managed network service offerings since January 1 2009, as the company's global customer base fully realise the harsh implications of the global economic slow-down.

With many international enterprise organizations even more keen to reduce internal network management costs, while increasing the scalability and speed of their existing network connectivity, Reliance Globalcom's vendor and carrier agnostic, hybrid network provisioning approach has been enthusiastically received across the world. Multiple new contracts or extensions have already been signed, significantly contributing to Reliance Globalcom positive end-of-year financial results:

Reliance Globalcom reported the following on March 31 2009:

  • Revenue increased by 23% from INR15,257 million (US$323.653 million) 4Q 2008 to INR18,803 million (US$398.876 million) 4Q 2009
According to Punit Garg - President, Reliance Globalcom, "A clear trend has emerged among global organisations looking to secure savings in their network management, and this is reflected in the positive financial results of Reliance Communications. Consolidation of existing technology suppliers while also investing in bandwidth hungry, collaborative applications ensures their geographically diverse workforce can operate with increased efficiency. By offering a full portfolio of IP MPLS, Ethernet and IPLC managed services, all through a single point of management utilizing best-in-breed partners across 230 countries and territories in the world, our customers have not only reduced total cost of ownership of their networks, but increased functionality."

Strong New Business Momentum through Trusted Consultation and Network Agility: Reliance Globalcom's customer base has already expanded significantly. Since the start of the year several new multi-million dollar contracts have been signed. These are based on the completion of a detailed network capability and requirement consultation, and the provision of high bandwidth, scalable solutions entirely matched to the customers' evolving business needs. Organisations including US based Compassion International, UK headquartered consultancy Mott McDonald, and Italian manufacturer La Furla have all announced new agreements this year. In addition:

WorleyParsons - A three year, multi-carrier management deal, will ensure the Australian headquartered, global leader in project management services provision, enjoys superior redundancy scalability and performance across the global network to facilitate rapid network expansion into new locations and markets. Reliance Globalcom's award winning MPLS Matrix product, will also support new core financial and IP enabled applications across the global network.

"Our global operations are expanding in many markets across the world and Reliance Globalcom's experience of providing in-country support with local understanding was certainly a major consideration in our decision-making process. The manner in which Reliance Globalcom can keep adapting the solution to our changing business needs means that their solution provides us with greater business agility." - Vito Forte, WorleyParsons' CIO.

Continued Organic Growth through Existing Customer Renewals and Service Expansions: Contract renewals with existing customers have also been strong in 2009, with major enterprise customers looking to further increase the efficiency and reduce the total cost of ownership of their networks. Major contract renewals with Reliance Globalcom for Managed Network services have been made by: Tyco/ADT - A contract extension will see Reliance Globalcom manage both fixed and wireless LAN infrastructure as well as a multi-provider MPLS Wide Area network, for the global security products manufacturer, across 170 European sites. In addition to business critical, high-bandwidth data applications, the MPLS network will deliver network hosted IP voice services - enabling Tyco divisions to decommission legacy PBX estates and realise material reductions in their voice spend. Isola Group SARL - A three year contract extension has been signed to manage a global MPLS and IP VPN hybrid network for the global manufacturer, across 18 locations in 14 countries.

Amplifon - The global leader in audio enhancement technology and services, agreed to Reliance Globalcom's continued management of a 1400 site MPLS / IPSec Hybrid WAN network across eight European countries, utilising Application Aware Networking.

Aurecon - The new global group created by the coming together of Connell Wagner, Africon and Ninham Shand, has underlined the extension of the contract with Reliance Globalcom to design, and manage the company's Wide Area Network (WAN), until 2013 - with the addition of an 800 user VoIP implementation in Australia. In addition the provision of connectivity to China and a supplementary second data centre to support disaster recovery and business critical applications, serving Australia, New Zealand and challenging locations throughout Asia, Africa and Middle East have been added this year.

"Reliance Globalcom have been managing our global data network evolution for several years, and were the ideal partner to engage with as we looked to maximise the value of integrated voice offerings into our Australian network. They provided focused consultation that allowed us to understand the practicalities of deploying VoIP and enabled us to enjoy day 1 business benefits from our final solution."- Dean Menzel - CIO, Aurecon,

About Reliance Globalcom

Reliance Globalcom, a division of Reliance Communications, spearheads the Global Telecom operations of India's largest Integrated Telecom Service Provider. Reliance Globalcom brings together the synergies of Reliance Communications Global Business encompassing Enterprise Services, Capacity Sales, Managed Services and a highly successful bouquet of Retail products & services comprising of Global Voice, Internet Solutions and Value Added Services. The company serves over 1400 enterprises, 200 carriers and 2 million retail customers in 163 countries across 6 continents.

Reliance Globalcom owns the worlds largest private undersea cable system spanning 65,000 kilometres (km) seamlessly integrated with Reliance Communications over 175,000 kms of domestic optic fibre provides a robust Global Service Delivery Platform connecting 40 key business markets in India, the Middle East, Asia, Europe, and the U.S. With its recent acquisition of eWave World, a pioneer in the global WiMAX space, Reliance Globalcom has the capability to launch 4G services in over 50 countries. It has also acquired Vanco Group, enabling the company to provide managed services to over 230 countries across the globe. For further information, please visit www.relianceglobalcom.com.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 63,000 crore (US$ 14 billion), cash flows of Rs. 12,000 crore (US$ 3 billion), net profit of Rs. 8,000 crore (US$ 2 billion) and zero net debt.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Mobile to Offer BBC World Service Radio Live On R World

Reliance Mobile to Offer BBC World Service Radio Live On R World

Mumbai, June 26, 2009: Reliance Mobile and BBC World Service have announced a strategic alliance to offer Live Audio service through Reliance's R-World VAS platform. This is the first such international offering to be launched by an Indian telecom company.

The new partnership, aggregated by Worldwide Records, will see BBC World Service content available Live across India through the medium of mobile phones. Reliance subscribers will now be able to listen to BBC World Service news in a choice of five different languages, seven days a week.

BBC World Service will offer news in English, which will switch to Hindi at 6.30am, 8.00am, 7.30pm and 10.30 pm; Tamil, at 09.15pm; Urdu, at 7.00am, 8.30 pm and 11.00pm, and Bangla, at 5.00 am, 6.00 am and 6.00pm.

Commenting on its partnership with BBC World Service, Mr Krishna Durbha, Head - Business & Marketing, Value Added Services at Reliance Communications, said: "Radio is a very popular medium in rural India. Through this service we wanted to offer same experience to our customers in their preferred language. Introduction of this service is part of our strategy to provide innovative services in local languages."

Indu Shekhar Sinha, Business Development Manager, BBC World Service India, adds, "We want to reach out to the widest possible audience across India, both linguistically and geographically, and this deal is part of that strategy. We're delighted to offer 24/7 live streaming radio on Reliance mobile phones; this new platform will help us provide even more for our listeners."

Reliance subscribers can access the BBC World Service Radio by dialling 51234378.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 63,000 crore (US$ 14 billion), cash flows of Rs. 12,000 crore (US$ 3 billion), net profit of Rs. 8,000 crore (US$ 2 billion) and zero net debt.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Mobile in alliance with Aaj Tak to offer video news alerts

Reliance Mobile in alliance with Aaj Tak to offer video news alerts

Mumbai, June 16, 2009: Reliance Mobile has tied-up with Aaj Tak to launch MMS News Subscription Service to its subscribers. According to this tie-up, a Reliance user will be able to access news related to National, International, Business, Sports, Entertainment happenings on their handset. The news alerts will be in video format sent to the subscriber as MMS clips. Reliance Mobile will send these MMS alerts twice everyday.

Reliance Mobile is offering the Aaj Tak MMS News Alert service on a 30-day subscription module. Customers wishing to avail the service can subscribe to it for Rs 30/month. Reliance Mobile is offering this service to both its prepaid as well as post-paid customers across both CDMA and GSM networks.

Commenting on the new service, Mr Krishna Durba, Head - VAS, Reliance Communications said, "We have seen large demand for news on the move. Subscribers want to be alerted on the breaking news. This service will ensure excellent news coverage with multimedia pictures & video clips. "

In case of Post-paid Users, the subscription charges will be added to mobile user's monthly bills. For Prepaid Users, the subscription charges will be deducted immediately.

Reliance customers can subscribe to this service by sending a SMS "MSub N" to 52424.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 63,000 crore (US$ 14 billion), cash flows of Rs. 12,000 crore (US$ 3 billion), net profit of Rs. 8,000 crore (US$ 2 billion) and zero net debt.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Mobile offers BlackBerry Service for Rs. 299 per month

Reliance Mobile offers BlackBerry Service for Rs. 299 per month

Mumbai, 10 June, 2009: Reliance Mobile and Research In Motion (RIM) (Nasdaq: RIMM; TSX: RIM) have introduced the 'Reliance E-Lite' plan for BlackBerry® smartphone users in India. With the 'Reliance E-Lite' plan, users can have unlimited access to email and instant messaging (IM) on their BlackBerry smartphones for just Rs. 299 per month.

The Reliance E-Lite service plan offers unlimited access to the industry's leading email and instant messaging features, allowing Reliance customers to access up to 10 supported POP3/IMAP email accounts (including most popular ISP email accounts such as Yahoo! Mail and Google Mail). Users can also view, popular attachment formats including JPEG, TIF, Microsoft® Word, Excel and Power Point® while on the move.

The 'Reliance E-Lite' service plan also enables users to have unlimited access to popular IM services like Yahoo Messenger, Google Talk, Windows Live Messenger and BlackBerry® Messenger. The service plan is offered with all BlackBerry smartphones available from Reliance Mobile, such as BlackBerry® 8703e, BlackBerry® 8830 ,BlackBerry® CurveT 8300, BlackBerry® CurveT 8900, BlackBerry® PearlT 8110 and BlackBerry® PearlT 8130.

Mr. Vrajesh Shelat, Head- Wireless Data Business, Reliance Communications said, "It has been our constant endeavour to bring greater value to the Indian consumer. Through 'Reliance E-Lite' we will extend our reach to a wider market by providing an affordable and high quality of service to consumers who wish to primarily stay connected through email and instant messaging on their smartphones while on the move."

Ms. Frenny Bawa, Vice President India, Research In Motion said, "RIM welcomes this attractive new service plan for Reliance Communications customers in India. We continue to see strong interest from a broad range of customers in India and this new service plan will help further expand the reach the BlackBerry solution in India.

About Reliance Infrastructure Limited

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 63,000 crore (US$ 14 billion), cash flows of Rs. 12,000 crore (US$ 3 billion), net profit of Rs. 8,000 crore (US$ 2 billion) and zero net debt.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

About Research In Motion (RIM)

Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry® wireless platform, the RIM Wireless HandheldT product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (NASDAQ: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com.

KRIBHCO and Reliance Communications Infrastructure forge Rural Marketing Joint Venture

KRIBHCO and Reliance Communications Infrastructure forge Rural Marketing Joint Venture

  • First-of-its-kind Joint Venture to bridge the Urban - Rural Divide.
  • KRIBHCO Reliance Kisan Limited, JV Company to market Telecom and Non-Telecom Products and Services.
  • KRIBHCO Reliance Kisan Limited to cover 72% of Indian population.
  • JV to market Reliance Mobile GSM and CDMA services.
  • JV to roll-out a range of customized products and Value Added Services for Rural India

New Delhi, June 9th, 2009: KRIBHCO, a premier co-operative society with an unparalleled marketing network in rural India and Reliance Communications Infrastructure Limited, India's largest telecom service provider, today announced signing of a Joint Venture. KRIBHCO Reliance Kisan Limited, the Joint Venture Company, would synergize the respective strengths of KRIBHCO and Reliance ADA Group to catalyze tele-density growth and provision of state-of-the-art products and services to the rural people in India.

"KRIBHCO has been at the forefront of catalyzing agricultural and rural development by selecting, financing and managing socially desirable and commercially feasible ventures and initiatives. This joint venture with Reliance Communications Infrastructure is a significant step forward which would result in an unmatched platform that would go a long way in providing each and every product/ service in Rural India at par with urban India", It's our dream at KRIBHCO to develop cooperatives into dynamic rural business hubs. There is no other network in INDIA that matches the strength, reach and extensiveness of the cooperatives which is unparallel and KRIBHCO is one organization that is venturing to make this network more financially sound and empower the stakeholders-rural people, through this initiative "said Mr. B.D. Sinha, Managing Director - KRIBHCO.

KRIBHCO' expertise in the rural marketing and its commitment to develop the cooperative sector provides an unmatched opportunity to develop cooperative rural business hubs across country converting the primary cooperatives in to thriving business ventures fully owned by farmers' and supported by the best in the telecome industry. The value added services would spark the process of converting farming in to a more profitable business venture one hand and create meaning full opportunities for employment.

KRIBHCO Reliance Kisan Limited, Joint Venture Company would create a first-of-its-kind distribution model covering 72% of Indian population through its network of over 25,000 cooperatives, 6300 member cooperatives and 60 "Krishi Seva Kendras" spread across the length and breadth of the country. The unique distribution model created by the Joint Venture Company would distribute a range of telecom and non-telecom services to bridge the Urban-Rural divide.

"Bridging the Urban - Rural Digital Divide has been among the fundamental reasons for inception of Reliance Communications. Over the last few years Reliance ADA Group has achieved significant success in making telephony available and affordable to millions of Indians living in rural areas. We are confident that KRIBHCO Reliance Kisan Limited would emerge as one of the most significant milestones in enhancing the Rural Teledensity in the country", said Mr. S.P. Shukla, President - Wireless , Reliance Communications. " Over and above the state-of-the-art and most-affordable range of GSM and CDMA services, Reliance Communications would soon be unveiling a wide range of products and Value Added Services customized for the rural markets", he added.

KRIBHCO would hold 60% equity in the Joint Venture Company with the balance 40% held by Reliance ADAG.

KRIBHCO Reliance Kisan Limited would also distribute in future products and services of other business enterprises of Reliance ADA Group including Reliance Capital, Reliance Entertainment and BIG TV DTH. The Joint Venture would provide additional source of business to Agricultural Cooperative Societies and help in strengthening the rural economy and the cooperative movement of the country.

About KRIBHCO

Krishak Bharati Cooperative Limited (KRIBHCO) the world premier fertilizers producing cooperative has an outstanding track record to its credit in all spheres its activities. Incorporated in April, 1980 as a national level cooperative society to manufacture and distribute chemical fertilizer and allied farm inputs, KRIBHCO has fully imbibed the cooperative philosophy and has made sustain efforts towards promoting the cause of modern agriculture and cooperatives in the country. Having its genesis in farmers cooperatives, social development and humane facts have always been of prime focus it its growth and philosophy - an organization which owes its existence to the farmers, by the farmers and for the farmers of this great country. KRIBHCO has been marketing its product i.e. Urea, Bio-Fertilisers, Seeds through cooperatives and institutional Agencies. Besides, providing its products to Apex Level cooperative Federations / Institutions in most of the states.

KRIBHCO has achieved excellent financial results for the financial year 2008-09. The society has earned a before tax profit of Rs. 269.35 Crores. The net worth of the society is Rs. 2549.42 Crores as on March 31st 2009. The society maintains its track record of paying the maximum permitted dividend of 20% on its share capital to its share holders.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 63,000 crore (US$ 14 billion), cash flows of Rs. 12,000 crore (US$ 3 billion), net profit of Rs. 8,000 crore (US$ 2 billion) and zero net debt.

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 80 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance BIG TV expands channel bouquet with 10 new channels

Reliance BIG TV expands channel bouquet with 10 new channels

  • Adds 2 new International channels along with regional channels

Mumbai, May 29, 2009: Reliance BIG TV, the DTH service of Reliance ADA Group, is expanding its channel bouquet with the addition of 10 new channels. The 10 channels will be available on the BIG TV platform from June 1.

The 10 new channels include Korea's KBS (international offering) and WB the latest, English entertainment channel from the broadcasting major, Turner International India Pvt. Ltd. in association with their sister company Warner Bros. The rest of the 8 channels include leading regional channels in India; DD Podhigai (Tamil), NE TV (Telugu), India Vision (Malayalam), Star Jalsa (Bangla), Star Pravah (Marathi), Mahua (Bhojpuri), DD Kashmir (Urdu / Kashmiri), & TV99 (Rajasthani).

BIG TV will be offering these channels across various subscription packs. Customers wishing to avail of these channels can log their request at the call-centre by asking for the new subscription pack. The customer can select the free regional pack as part of the new subscription / recharge. BIG TV's subscription packs are available from Rs.115 (plus taxes) onwards.

Commenting on the introduction of the new channels in Reliance BIG TV bouquet, Mr. Mahesh Prasad, President, Reliance Communications said, "Our new offers are part of BIG TV's continuous endeavor to offer increased value to customers with great savings in mind. Besides reducing prices on some of the existing packages, we've also added to the regional channel count in 13 regional packs. We make sure Reliance Big TV caters to all kind of viewers in entertainment category. This goes to show Reliance BIG TV stands for the benefit of its customers at all times."

The introduction of new channels is part of Reliance BIG TV's overall strategy to increase its channel bouquet to 400 channels over the next one year. Reliance BIG TV plans to offer a choice of Indian and global channels to its subscribers.

Profile of Channels introduced by Reliance BIG TV

WB is the new 24-hour, English-language, entertainment channel from Turner and Warner Bros. Entertainment, Hollywood's leading studio. Showcasing programming licensed from Warner Bros. International Television Distribution (WBITD), the channel is aimed at upscale/affluent Indian audience with a colossal appetite for Hollywood's best, around the clock. This premier destination is a haven for all Hollywood enthusiasts/aficionados, offering the biggest movies, hottest action, best dramas, funniest series and the brightest stars from the world's most prolific studio, in a sleek and exciting environment. The channel offers hit movies and series on a single destination.

KBS is Korea's flagship broadcaster with 2 domestic terrestrial networks, 4 pay-tv networks, and 7 radio networks. KBS World is a global television channel that is composed of quality programs produced by KBS. It carries drama, entertainment, documentaries, news & current affairs and kids' programming.

About Reliance BIG TV DTH

A wholly owned subsidiary of Reliance Communications, India's largest integrated telecom service provider, Reliance BIG TV offers India's first fully Digital Home Entertainment Service using MPEG-4 platform. The world's most advanced MPEG4 DTH technology platform enables BIG TV DTH to offer over 200 TV, Cinema and Audio channels, the highest by any other DTH operator in the country. With 32 exclusive movie channels in English, Hindi and Regional languages, BIG TV DTH offers a choice of 600 new movies every year, unmatched by any DTH or cable operator in the country.

The country's largest on-ground infrastructure for a Home Entertainment created by TV DTH would enable the company to serve over 5 million new customers every year and will offer multiple price points and packaging BIG offers to suit needs of all customer segments. The state-of-the-art Customer Service mechanism is fully functional and ready to serve a minimum of 50,000 customers every day in 11 Indian languages. Available at launch at 1 lakh retail outlets across 6500 towns, over 2000 exclusive Reliance branded stores, BIG TV DTH is the largest retail rollout of a Home Entertainment Service in India. BIG TV DTH Toll Free Number: 1-800-200-9001; Website: www.BIGTV.co.in SMS BIGTV to 55454.

RCOM shareholders approve scheme of arrangement for demerger of fiber optice division

RCOM shareholders approve scheme of arrangement for demerger of fiber optice division

  • Scheme of arrangement for demerger of optic fiber division of Reliance Communications limited to Reliance Infratel limited approved by the shareholders of RCOM

Mumbai, May 26, 2009: The Equity shareholders of Reliance Communications Limited (RCOM) at their Meeting convened as per the Order of the Hon'ble High Court of Judicature at Bombay, held on 26th May, 2009, have approved the Scheme of Arrangement (Scheme) between RCOM and Reliance Infratel Limited for demerger of the Optic Fiber Division of RCOM to Reliance Infratel Limited under Sections 391 to 394 of the Companies Act, 1956, with the requisite majority. Reliance Infratel is the Subsidiary of RCOM.

The demerger of Optic Fiber Division of RCOM would benefit the respective companies and the stakeholders on account of:

a) Reduced set-up and operating costs resulting in cost efficiency coupled with a greater financial flexibility;

b) Segregation of the business of providing telecommunication services and the business of providing Infrastructure on a consolidated basis, thereby enabling each of the companies to concentrate on its core business activities;

c) Promote high valued standalone business by conversion of cost-centric assets to revenue-centric ones by sharing of the Infrastructure of Reliance Infratel Limited with other wireless service providers operating in the same field.

The said Scheme is now subject to requisite approvals and sanctions, inter-alia of Hon'ble High Court of Judicature at Bombay.

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932- 2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has market capitalization of around Rs 1,65,000 crore (US$ 35.1 Bn), net worth in excess of Rs 64,000 crore (US$ 13.6 Bn), operating cash flow of Rs 13,000 crore (US$ 2.8 Bn) and net profit of around Rs 8,400 crore (US$ 1.8 Bn).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 77 million including over 2 million individual overseas retail customers, ranks among the Top 10 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 450,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Reliance Anil Dhirubhai Ambani Group to Invest approx. Rs 4,300 crore (US$ 913 mn) in Reliance Infra Equity Shares

Reliance Anil Dhirubhai Ambani Group to Invest approx. Rs 4,300 crore (US$ 913 mn) in Reliance Infra Equity Shares

  • Net Worth to increase to over Rs 16,000 crore (US$ 3.4 BN) - among top 10 private sector companies
  • New equity Capital infusion at a price of around Rs 1,000 per share - effective cost approx. Rs 1,183 per share
  • Premium of 83% to average market price of last 3 months premium of 26% to last 2 weeks average price
  • Company Net Debt free - increase in borrowing capacity from Rs 24,000 crore to 32,000 crore
  • Reliance Infra uniquely positioned to participate in upcoming mega infrastructure growth opportunities

Mumbai, May 24, 2009: The Board of Directors of Reliance Infrastructure Limited (Rel Infra) today approved a proposal for new equity capital infusion of approximately Rs. 4,300 crore (US$ 913 Mn) into the Company.

The equity capital will substantially enhance Rel Infra's net worth to over Rs. 16,000 crore, and further augment its borrowing capabilities to Rs. 32,000 crore at even a debt:equity ratio of 2:1, thereby enabling greater participation in mega growth opportunities in high growth infrastructure areas, thereby generating superior returns for its over 1.6 million shareholders.

Commenting on the development, Shri Anil Dhirubhai Ambani, Chairman, Reliance Infrastructure Ltd., said:

"We have a great sense of excitement at the unprecedented opportunities unfolding before Reliance Infrastructure, in high growth areas of power and infrastructure development. The new equity capital infusion reflects our strong confidence in future growth prospects of the Company."

The new equity capital infusion is proposed through a preferential offer of warrants to be converted into 42.9 Mn equity shares, to the promoters, Reliance Anil Dhirubhai Ambani Group. Life Insurance Corporation, and other insurance companies, who have been long-term shareholders of the Company over the past several decades and who collectively hold approx. 20% of equity, will be provided an opportunity to participate in the proposed offering, on the same terms and conditions.

The preferential offer, which is subject to necessary approvals from shareholders, will be made at a price of around Rs. 1,000 per share. As per current SEBI guidelines, Reliance Infrastructure will receive 25% of the amount on allotment, through an upfront payment of around Rs 1,075 crore (US$ 228 Mn), and the balance upon conversion.

Simultaneously, the Board has approved cancellation of 43 million equity warrants issued to the promoter group on 20 January, 2008. The upfront payment of Rs. 783 crore made earlier by the promoter group against those warrants, has accrued directly to the Company's reserves.

The effective purchase cost to the promoter group, after taking into consideration the upfront payment of Rs 783 crore already received on warrants issued earlier, which have now been cancelled, works out to approx. Rs 1,183 per share - representing a premium of 83% to the average price of the preceding 3 months.

The promoter group's holding will increase from 38% to 48%, as a result of the new equity capital infusion of approx. Rs. 4,300 crore. (US$ 913 Mn)

Benefits for Reliance Infrastructure

The proposed infusion of new equity capital will lead to the following benefits for Reliance Infrastructure:

  • The Company will rank among the top 10 private sector companies in India in terms of net worth, reflecting the company's inherent financial strength
  • Substantial increase in the net worth from Rs. 11,907 crore (US$ 2.5 Bn) to over Rs. 16,000 crore (US$ 3.4 Bn), an increase of nearly 34%
  • Further strengthening of the Company's already strong credit rating profile
  • An increase in borrowing ability from Rs. 24,000 crore to Rs 32,000 crore, at a debt : equity level of even 2:1
  • An increase in Book Value per share, from Rs. 517 per share to around Rs. 600 per share
  • Enhanced ability to the Company to actively participate in forthcoming large growth opportunities in the infrastructure sector
Background

In the power sector, the company is involved in generation, transmission, distribution and trading of electricity and constructing power plants as EPC contractor, having strong order book position of Rs 21,510 crores (US$ 4.6 Bn).

In the infrastructure space, the company is developing Roads, Metro projects and also pursuing other Infrastructure verticals like Ports, Airports, SEZ and Real Estate.

Reliance Infrastructure is developing 11 infrastructure projects worth Rs 12,800 crores and there are 3 projects worth Rs 16,800 crores which are awarded or the company is the preferred bidder. A large number of new mega infrastructure projects are also soon being put to bid, to provide further impetus to the country's rapidly accelerating economic growth.

India is estimated to need US$ 514 Bn over next 5 years to shore up its infrastructure and sustain the economy's growth rates (Source: Planning Commission)

Reliance Infrastructure Limited is part of Reliance Anil Dhirubhai Ambani Group. The group currently has a market capitalization of around Rs 1,65,000 crore (US$ 35.1 Bn), net worth in excess of Rs 64,000 crore (US$ 13.6 Bn), operating cash flow of Rs 13,000 crore(US$ 2.8 Bn) and net profit of around Rs 8,400 crore(US$ 1.8 Bn).

Reliance Energy join hands with the World Bank

Reliance Energy join hands with the World Bank

  • Partnership aims at developing world class power infrastructure in the unorganized developments in Suburban Mumbai.
  • Unorganized developments in Shivajinagar area of Govandi suburb of Mumbai to be the first beneficiary of the project.

Mumbai, May 20th, 2009: Reliance Energy, a power distribution arm of Reliance Infrastructure Limited, has joined hands with the World Bank to develop the world class power infrastructure in the unorganized developments in its licensed distribution area in the Suburban Mumbai. As a part of this joint initiative, the Company would undertake its first project in the unorganized developments of Shivajinagar area of Govandi in Eastern Mumbai suburb.

The World Bank as an administrator to the scheme, Global Partnership on Output - Based Aid (GPOBA), has entrusted Reliance Energy, being a licensed power distributor in the area, to execute the project in Shivajinagar, Govandi. As a part of execution of the programme, Company will initiate activities pertaining to the development of power distribution infrastructure in a planned and systematic ways. This would include several initiatives like laying down new distribution network; installing electricity meters to ensure authorized and metered power supply, etc. In view of the monsoon approaching very soon, the work is expected to start after the monsoon.

The Company, though getting aid from the World Bank under the programme to execute the project, would be substantially investing in creating the world class infrastructure for the betterment of the residents of Shivajinagar. The initiative, when completed, is expected to be beneficial to around 26000 households in the area and would serve almost a population more than one lakh residing in the area.

While speaking on the development, Mr. Lalit Jalan, CEO & Whole-time Director, Reliance Infrastructure Limited said, "We serve more than 10 lakhs consumers, who are residing in such unorganized developments and consume less than 100 units of electricity in a month. It would be our endeavour to ensure that these consumers do get a metered supply and enjoy a privilege of being a proud citizen of this great metropolitan city. We, therefore, welcome the initiative and assure best of our services to all the concerned".

Reliance Energy, the power distribution arm of Reliance Infrastructure Limited, is the largest power distributor in the Mumbai metropolis. The Company distributes power in its licensed area of supply of 384 Sq. Kms. spread over the Mumbai Suburbs, from Bandra to Bhayander on Western side and Chunabhatti to Vikroli & Mankhurd on Eastern side. The Company caters to the power demand of around 1500MW and distributes more than 10000 million units to its 27 lakhs consumers and caters to a population more than one crore; vide its state of the art distribution network and various customer care systems.

About Reliance Infrastructure Limited

Reliance Infrastructure, a part of Reliance Group, is India's leading private sector utility Company.

Reliance Group currently has a market capitalization of over Rs 1,10,000 crore, net worth in excess of Rs 58,000 crore, operating cash flow of Rs 12,000 crore, net profit of Rs 8,000 crore and zero net debt.

Reliance Infrastructure is ranked amongst India's top 25 listed private companies in terms of all major financial parameters, including assets, sales, net worth, profits and market capitalization.

Reliance Mobile to go LIVE with all ICC World T20 matches on R-World VAS deck

Reliance Mobile to go LIVE with all ICC World T20 matches on R-World VAS deck Cricket Legend Dilip Vengsarkar unveils ICC World T20 Trophy in Mumbai

  • Plans to offer match scores and commentary as caller-tune

Mumbai, May 11, 2009: Reliance Mobile, the official global partner for the 2009 edition of ICC World T20 Championship, unveiled the glittering silver trophy in Mumbai at the hands of Cricketing legend and ICC Ambassador Dilip Vengsarkar. This ICC World T20 trophy will be handed over to the winning team of the 2009 edition of the championship. The unveiling of the trophy in Mumbai signifies the beginning of the ICC World T20 trophy's preview across India before the championship begins next month.

At the trophy unveiling ceremony, the company announced that Reliance Mobile will go Live with all ICC World T20 matches through its R-World VAS platform. Reliance Mobile subscribers will be able to catch all the excitement of this championship on their handsets. Reliance Mobile will also provide subscribers an option to have match scores and expert commentary on the matches as their caller-tune.

Commenting on Reliance Mobile's relationship with ICC World T20 Championship, Mr. Sanjay Behl, Group Head, Branding & Marketing, Reliance Communications said, "As the designated Global Partner for all ICC events till 2015, Reliance Mobile is privileged to be associated with this exciting tournament. The association has given us an opportunity to offer our customers special access to ICC World T20 led cricket content through our R-World VAS deck. We are initiating various consumer-friendly promotions and initiatives for our customers based on the exciting world of ICC World T20 cricket."

Reliance Mobile is creating a special ICC World T20 zone on R-World. This special zone will be loaded with exclusive videos, wallpapers, ringtones, animations, live score a