* Reliance Communications Signs Strategic Alliance with GetJar (Apr 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 * Reliance Communications sells 5 per cent in tower business for Rs1,400 crore ((
Reliance Communications Ltd, has agreed to sell 5 per cent of the equity share capital of its fully-owned tower business for Rs1,400 crore. Reliance Telecom Infrastructure Ltd (RTIL) to a group of leading institutional investors across the US, Europe and Asia. The transaction will result in substantial unlocking of the company''s value with a cash inflow of Rs1,400 crore ($337.5 million), the benefits of which will go to the company and its over 2 million shareholders, the company said in a filing with the Bombay Stock Exchange (BSE).The capital gains arising out the sale of the 5 per cent stake in RTIL will be amount Rs1,200 crore ($280 million).The sale values RTIL at Rs27,000 crore ($6.75 billion) or approximately Rs135 per company''s equity share, which is nearly 25 per cent of its current market price of Rs565 per share. Reliance Communications'' residual 95 per cent stake in RTIL is valued at $6.40 billion (Rs26,000 crore), and the company will pursue opportunities for further unlocking of value through an RTIL, IPO and / or strategic sale at an appropriate time. "We are excited about the tremendous growth potential in the Indian telecom infrastructure business. Our strategy to create a separate company for infrastructure business has resulted in tremendous unlocking of value for RCom shareholders," Anil Dhirubhai Ambani, chairman of the company, said.
* Reliance Communications plans to demerge tower biz (June 14,2010) RCom plans to demerge its tower business -- Reliance Infratel. The demerger, via a combination of cash and stock, will facilitate consolidation in the telecom space, enhance Reliance Communications' financial flexibility, and aid fast, low cost network rollout. Anil Ambani, Chairman, Reliance Communications, said the company is in advance discussions with domestic and international strategic players for the same. The independence, neutrality of Reliance Infratel will aid 3G players and broadband wireless access companies. This is Part two of Reliance Communications' (RCom) strategy to transform the way it has been conducting business. * Reliance Partners for Growth (16 Aug,2010)
* Business migration strategy improves customer care and satisfaction * A partnership approach delivers operational savings of 20% to 25% after 1 year * Reducing multivendor, multi-contract complexity is key for success Assess the challenges
Reliance recognized that network issues were increasingly driving business decisions, and that it was spending too much time addressing day-to-day tactical and technology concerns. A careful assessment of strategic business objectives identified a better use of resources could be achieved by securing a highly skilled, trustworthy collaborator with a...
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