Reliance Communications

Reliance Communications Limited is India’s largest integrated communications service provider in the private sector with over 38 million individual, enterprise, and carrier customers.
They operate pan-India across the full spectrum of wireless, wireline, and long distance, voice, data, video and internet communication services. They also have an extensive international presence through the provision of long distance voice, data and internet services and submarine cable network infrastructure globally.

Principal Operating Companies
Reliance Communications Limited is a major operating company and is also the holding company for the other major operating companies in the Group. Reliance Communications provides CDMA-based wireless, wireline, broadband, and long distance services in India and overseas. Its major assets are the CDMA wireless network, transmission networks used in its business, and the contact centres.

FLAG Telecom Group Limited (FLAG) is a subsidiary of Reliance Communications. FLAG provides international connectivity services and infrastructure. Its major assets are the FLAG Atlantic, FLAG North Asia Loop, FLAG Europe Asia and FALCON submarine cable systems. Subject to completion of the acquisition, Yipes will be held through FLAG.

Reliance Telecom Limited (RTL) is a wholly owned subsidiary of Reliance Communications. RTL provides GSM-based wireless services in 8 service areas, and owns the GSM wireless networks in its service areas.

Reliance Communications Infrastructure Limited (RCIL) is a wholly owned subsidiary of Reliance Communications. RCIL provides wireless multimedia (Reliance Mobile World) and internet access (Reliance Netconnect) services to customers of Reliance Communications.

Reliance Telecom Infrastructure Limited (RTIL) owns, operates, and develops telecom infrastructure, primarily consisting of wireless communication sites and towers. It currently owns virtually all of the towers used by Reliance Communications’ CDMA and GSM wireless networks and is developing additional towers to meet the needs of Reliance Communications and other customers. RTIL is currently a subsidiary of Reliance Communications. On July 19, 2007 Reliance Communications announced that it had sold 5% of RTIL to seven international institutional investors for a cash consideration of US$337.5 million.

Tech Reliance will be a brand new company apart from his existing BPO arm Reliance Infostreams.


Tech Reliance would now operate as a part of Reliance Communications and would be later seperated off to function as a seperate entity.
Reliance Anil Dhirubhai Ambani Group (ADAG) companies spends between $400-500 million on IT services for all related ventures and the step could possibly save costs and also step up the consultancy aspect of his new age business.


Simple Investment Rationale
1. Growing telecom industry, pan india GSM and CDMA coverage.
2. Value Unlocking in Tower Business
3. Value unlocking in Internation businesses like FLAG and Yipes.
4. Value unlocking in Tech Reliance
5. Value unlocking in Reliance Infostreams


Long term stable stock a must in every portfolio.