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Last 70.50 INR
Change Today +2.10 / 3.07%
Volume 13.5M
RCOM On Other Exchanges
Symbol
Exchange
Natl India
OTC US
As of 7:06 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

reliance communications ltd (RCOM) Snapshot

Open
69.70
Previous Close
68.40
Day High
72.50
Day Low
68.85
52 Week High
08/4/14 - 134.95
52 Week Low
06/3/15 - 54.50
Market Cap
175.5B
Average Volume 10 Days
8.4M
EPS TTM
3.10
Shares Outstanding
2.5B
EX-Date
08/14/13
P/E TM
22.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for RELIANCE COMMUNICATIONS LTD (RCOM)

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reliance communications ltd (RCOM) Details

Reliance Communications Limited provides integrated and converged telecommunications services to individual, enterprise, and carrier customers in India and internationally. It offers a range of CDMA, GSM, and 3G wireless services; and wireline, voice, data, video, Internet, and IT infrastructure services. The company also provides long distance business services, such as wholesale voice, bandwidth, and infrastructure services; national and international private leased circuits; broadband Internet access; audio, video, and Web conferencing; MPLS-VPN; remote access VPN; Centrex; toll-free voice services; voice services for offices; voice VPN for enterprises; and managed Internet data center services, including co-location, managed hosting, IT infrastructure, managed security, system integration, and storage and back-up solutions. In addition, it offers value-added products and services to large, medium, and small enterprises for their communications, networking, and IT infrastructure; provides direct-to-home services; owns and operates submarine fiber optic cable network infrastructure; and owns and leases data and Internet networks, as well as offers managed Ethernet services. Further, the company holds UASL and 3G spectrum licenses, as well as licenses for the provision of national long distance and international long distance services; offers digital television services; operates Reliance World and Reliance Mobile stores that provide customer activation and after sales services; and builds, owns, and operates telecommunication towers, and other related assets. The company was formerly known as Reliance Communication Ventures Limited and changed its name to Reliance Communications Limited in June 2006. Reliance Communications Limited was incorporated in 2004 and is based in Navi Mumbai, India.

Founded in 2004

reliance communications ltd (RCOM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

reliance communications ltd (RCOM) Key Developments

Reliance Infratel Stake Sale Reportedly Draws U.S. Investors' Interest

Reliance Communications Ltd. (NSEI:RCOM) has revived a plan to sell a 51% stake in Reliance Infratel Limited attracting early interest from U.S. private equity firms as well as domestic and American industry players, two sources with direct knowledge of the matter said. Reliance Communications is looking at a valuation of about $4 billion for Reliance Infratel, the sources said. The private equity firms showing interest included The Blackstone Group L.P. (NYSE:BX), The Carlyle Group LP (NasdaqGS:CG) and Providence Equity Partners LLC, while from the industry side Bharti Infratel Limited (NSEI:INFRATEL) and American Tower Corporation (NYSE:AMT) were other potential suitors, according to the sources. A Reliance Communications spokesman declined to comment. "We keep evaluating options on an ongoing basis and are open to opportunities provided there is a strategic fit," a Bharti spokesman said in a statement to Reuters. Blackstone and Carlyle declined comment. American Tower did not immediately respond to requests for comment. Providence Equity could not be immediately reached for comment.

Top Private Equity Firms Interested in Reliance Infratel

Farallon Capital Management, L.L.C., Tilman Financial and The BlackStone Group L.P.(NYSE:BX), American Tower Corporation (NYSE:AMT) and The Carlyle Group LP (NasdaqGS:CG) are among the top initial bidders seeking to acquire a 50% stake in Reliance Infratel Limited from Reliance Communications Ltd. (NSEI:RCOM), people familiar with the matter said. UBS, Standard Chartered PLC (LSE:STAN) and SBI Capital Markets Limited are running the stake sale process, in which due diligence is expected to be carried out in July-August 2015. RCom is seeking a valuation of INR 250-300 billion for its tower arm. This includes debt of about INR 80 billion, to be transferred to the tower company once the stake sale is completed.

Reliance Communications and Global Cloud Xchange Appoint Braham Singh as Senior Vice President, Global Product Management

Reliance Communications and its Global Cloud Xchange (GCX), announced the appointment of Braham Singh as Senior Vice President, Global Product Management. Mr. Singh will have overall responsibility for the global product portfolio across RCOM India Enterprise and GCX. In addition, he will also manage the company's National Long Distance (NLD) and Data Center businesses. Mr. Singh joins the company with over 30 years of telecoms experience, most recently as Vice President & Senior Advisor for International Business at Hutchison Global Communications (HGC).

 

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RCOM Competitors

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Industry Analysis

RCOM

Industry Average

Valuation RCOM Industry Range
Price/Earnings 22.5x
Price/Sales 0.8x
Price/Book 0.5x
Price/Cash Flow 3.8x
TEV/Sales NM Not Meaningful
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