India To Have Just 5 Telecom Operators, Offering Services Nationally : Anil Ambani

By August 27th, 2013 AT 9:33 PM

Indian telecom industry is facing a virtual consolidation and within a few years the country will have just 5  pan-India operators offering services at the national level, Reliance Communications (Rcom) Chairman Anil Ambani said today.

Rcom Anil Ambani

“We believe that the India’s telecom sector is going through a virtual consolidation and we expect in the next few years India will see 4-5 large operators who will be there on nation wide (pan India) basis,” Anil Ambani said while addressing shareholders on its 9th annual general meeting of Reliance Communications (Rcom).

Mr Ambani said,  RCoM will continue offering CDMA services in India and company will participate in future auctions to acquire spectrum for offering 4G and other services. He mention that Rcom  licences for pan India CDMA services are valid till 2021 and  will continue to provide world-class CDMA services in addition to offering GSM and 3G services.

Highlights of the Annual General Meeting of Reliance Communications (Rcom) :

  • RELIANCE COMMUNICATIONS SEEING STRONG GROWTH MOMENTUM IN DATA CONSUMPTION
  • RCOM SERVES GROWING BASE OF 31 MILLION DATA CUSTOMERS, INCLUDING 7.7 MILLION 3G CUSTOMERS
  • RCOM EXPECTS STRONG PRICING ENVIRONMENT TO BE MAINTAINED
  • RCOM EXPECTS IMPROVEMENT IN OPERATING MARGINS WITH INCREASE IN REVENUE PER MINUTE AND FURTHER COST OPTIMIZATION
  • RCOM FX DEBT SERVICING OBLIGATIONS MORE THAN FULLY COVERED BY RELIANCE GLOBALCOM’S FOREIGN EXCHANGE EARNINGS
  • RCOM HAS ALREADY COMMENCED DELIVERIES OF INTER-CITY FIBRE AND TOWERS TO RELIANCE JIO INFOCOMM
  • RCOM EXPECTS TO COMPLETE DELIVERIES OF INTER CITY FIBRE AND TOWERS TO RELIANCE JIO INFOCOMM WITHIN CURRENT FINANCIAL YEAR
  • RCOM EXPECTS TO REMAIN FREE CASH-FLOW-POSITIVE AND IS UTILIZING ALL SURPLUSES FOR REDUCTION OF DEBT
  • RCOM PLANS TO MONETISE REAL ESTATE THROUGH DEMERGER OF PROPERTIES PROGRESSING WELL AND WILL CONTRIBUTE TO FURTHER DEBT REDUCTION

guest
53 Comments
newest
oldest most voted
Inline Feedbacks
View all comments

Recent Posts

New JioPostpaid Plans Offer Netflix Mobile Subscription Worth Rs 199 per Month

Reliance Jio on Tuesday introduced its JioPostpaid Plus plans in multiple tiers including an Rs 1499 plan that provides users...

Government Set to Enhance Broadband Internet Connectivity in Bihar

The Indian Prime Minister Narendra Modi on Monday launched a project intended to connect all 45,945 villages in Bihar with...

Reliance Jio Introduces Postpaid Plus Plans Starting at Rs 399

Reliance Jio has finally launched the ‘JioPostpaid Plus‘ plans that it announced at the 2019 Reliance Industries AGM. The new...