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Last 58.55 INR
Change Today 0.00 / 0.00%
Volume 0.0
RCOM On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

reliance communications ltd (RCOM) Snapshot

Open
59.05
Previous Close
59.65
Day High
59.50
Day Low
56.65
52 Week High
11/18/14 - 120.80
52 Week Low
08/25/15 - 45.50
Market Cap
145.7B
Average Volume 10 Days
11.8M
EPS TTM
3.17
Shares Outstanding
2.5B
EX-Date
08/14/13
P/E TM
18.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for RELIANCE COMMUNICATIONS LTD (RCOM)

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reliance communications ltd (RCOM) Related Businessweek News

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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 Communications Ltd. and Jasper Partner to Deliver IoT Services Across India and Make Smart Cities A Reality

Reliance Communications Ltd. and Jasper announced a partnership to enable enterprises throughout India to launch, manage and monetize Next-Generation IoT businesses. Reliance is Jasper's sole telecom partner in India. This partnership pairs the capabilities of Reliance's 11 data center facilities and its Global Cloud Exchange (Cloud X®) platform with Jasper's global IoT services platform to enable enterprises to capitalize on IoT services. This also marks yet another step forward in delivering the infrastructure and IoT platform required to facilitate the diverse array of projects under the Government of India's 'Digital India' initiative. Reliance Group companies will be the anchor clients for the IoT rollout in India. Discussions are also underway with multiple clients and state governments across India for the deployment of this platform. A dedicated technical team from Reliance and Jasper will manage the phased roll-out of IoT services across the country.

CITIC Reportedly Again In Talks To Acquire GCX

CITIC Telecom International Holdings Limited (SEHK:1883) has revived the talks to acquire Global Cloud Xchange Limited (GCX) from Reliance Communications Ltd. (NSEI:RCOM). Earlier CITIC had pulled out of the race on valuation concerns. Currently, both the companies are negotiating the valuation GCX. Sources say it could be valued at around INR 20 billion but nothing has been confirmed yet.

Reliance Communications Mulls Sale Of Stakes in Reliance Infratel

Reliance Communications Ltd. (NSEI:RCOM) is seeking to sell stakes in Reliance Infratel Limited. Reliance Communications Ltd. has shortlisted American Tower Corporation (NYSE:AMT) apart from private equity firms The Carlyle Group LP (NASDAQ: CG), The Blackstone Group L.P. (NYSE:BX), Farallon Capital Management, L.L.C. and Tilman Financial for buying up to 100% of its stake in unit Reliance Infratel Limited. "The formal process for sale of a controlling 51% stake in Reliance Infratel was launched a few weeks back, and has got a very positive response, the company has shortlisted a smaller number of very credible interested parties to progress to the next round of the process," Reliance Communications told the stock exchanges in a statement after an earnings call on August 17, 2015. While RCom didn't name any of the shortlisted bidders, it said that it had received indicative non-binding bids from a number of interested buyers. In fact, some of the shortlisted bidders want to buy out RCom's stake in Reliance Infratel completely. "The due diligence process has now commenced. Further announcements will be made, as and when appropriate," Reliance Communications said, adding that the sale proceeds from the proposed deal would substantially reduce RCOM's overall gross debt during the current financial year through March 31, 2016. Standard Chartered and SBI Capital are running the sale process. ATC, Blackstone and Farallon Capital didn't respond to requests for comment while Tillman executives couldn't be reached. Carlyle said it didn't have any comment.

 

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RCOM Competitors

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Tata Communications Ltd 380.85 INR 0.00
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Industry Analysis

RCOM

Industry Average

Valuation RCOM Industry Range
Price/Earnings 18.4x
Price/Sales 0.7x
Price/Book 0.4x
Price/Cash Flow 3.1x
TEV/Sales NM Not Meaningful
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