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.
“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