Reliance Communication Essay

1305 words - 6 pages

ABSTRACT
Reliance Infocomm offers a complete range of telecom services, covering
mobile and fixed line telephony including broadband, national and
international long distance services, data services and a wide range of value
added services and applications that will enhance productivity of enterprises
and individuals.
Reliance IndiaMobile, the first of Infocomm's initiatives was launched on
December 28, 2002, the 70th birthday of the Reliance group founder, Shri.
Dhirubhai H. Ambani.
This marks the beginning of Reliance's dream of ushering in a digital
revolution in India by becoming a major catalyst in improving quality of life
and changing the face of India. It aims to achieve ...view middle of the document...

5% of India's GDP. The
Group contributes nearly 10% of the country's indirect tax revenues and over
6% of India's exports. Reliance is trusted by an investor family of over 3.1
million - India's largest. Every 4th investor in India has Reliance shares.
Reliance is the only Indian private company to make the Fortune 500 list of
the world’s largest corporations
FACTS
Some facts about Reliance Group:
6
Company Profile
The Reliance Group founded by Dhirubhai H. Ambani (1932-2002) is
India's largest business house with total revenues of over Rs 99,000 crore
(US$ 22.6 billion), cash profit of Rs 12,500 crore (US$ 2.8 billion), net
profit of Rs 6,200 crore (US$ 1.4 billion) and exports of Rs 15,900 crore
(US$ 3.6 billion).
The Group's activities span exploration and production (E&P) of oil and gas,
refining and marketing, petrochemicals (polyester, polymers, and
intermediates), textiles, financial services and insurance, power, telecom and
infocomm initiatives. The Group exports its products to more than 100
countries the world over. Reliance emerged as India's Most Admired
Business House, for the third successive year in a TNS Mode survey for
2003.
7
On December 28th 2002, Reliance Infocomm created a history by connecting
more than 600 cities by a 60,000 Km Tera-bit capacity optical fiber cable.
The total Capex for Reliance Infocomm was expected to be around 25,000
Cr but it was soon revised to 18,000 Cr. This fall in the capex was attributed
to the fall in the international telecommunication equipment prices. Till
2003, around 9600 Cr of this capex is spent and the rest is expected to be
spend in the next 18 to 24 months.
Reliance Infocomm offers a complete range of telecom services, covering
mobile and fixed line telephony including broadband, national and
international long distance services, data services and a wide range of value
added services and applications that enhances productivity of enterprises and
individuals.
As per the equity structure of Reliance Infocomm, Reliance Industries (RIL)
and the Ambanis hold 45 per cent each with employees 10 per cent equity.
Reliance India Mobile, the first of Infocomm's initiatives was launched on
December 28, 2002, the 70th birthday of the Reliance group founder, Shri.
Dhirubhai..
Reliance Infocomm wishes to extend its efforts beyond the traditional value
chain to develop and deploy telecom solutions for India's farmers,
businesses, hospitals, government and public sector organizations.
Vision
"We will leverage our strengths in executing complex global-scale projects
to make leading edge information and communication services affordable by
all individual consumers and businesses in India. We will offer unparalleled
8
value to create customer delight and enhance business productivity. We will
also generate value for our capabilities beyond Indian borders while
enabling millions of India's knowledge workers to deliver their services
globally".
Mission
...

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