RCom plans largest wireless network in the world

Reliance Communications has grand plans. The Anil Ambani-led telecommunications major aims to have the single largest wireless network in the world by year-end, covering over 900 million Indians.

The company has more than 1 million retail customers in the United States, the largest for any Indian company across any sector, a media release from RCom said.

RCom has launched virtual international calling and voice content services in the US, Canada, UK, Australia and New Zealand. The company is one of the leading providers of international connectivity and data services to telecom operators, content providers and Internet communities.

• Reliance Communications plans to invest Rs 16,000 crore for network expansion in FY08.
• Company will launch DTH services by end of this year.
• Reliance Communications to spin-out BPO business.
• Reliance Communications to unlock value in Flag Telecom through private placement of equity and international listing of shares before year-end. The company will also unlock value in tower business through placement of minority stake to financial investors.

RCOM undertaking 4 key initiatives for unlocking value this year.

• Unlocking of value in TowerCo through placement of minority stake to financial investors at an advanced stage.
• Expect positive surprise in TowerCo valuation compared to analyst estimates.
• Yipes acquisition to substantially enhance FLAG Telecom valuation.
• Unlocking of value in FLAG Telecom through private placement of equity and/ or international listing of shares before year-end.
  

Further unlocking of value through development of Special Economic Zone at Dhirubhai Ambani Knowledge Centre focused on IT and IT-enabled services.

IT/ITES SEZ project already cleared by the GOI's Board of Approvals.
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