Last 135.05 INR
Change Today +0.05 / 0.04%
Volume 18.7M
RCOM On Other Exchanges
Symbol
Exchange
Natl India
OTC US
As of 7:06 AM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

reliance communications ltd (RCOM) Snapshot

Open
134.90
Previous Close
135.00
Day High
138.30
Day Low
133.85
52 Week High
09/20/13 - 164.65
52 Week Low
08/28/13 - 105.60
Market Cap
324.4B
Average Volume 10 Days
8.0M
EPS TTM
5.07
Shares Outstanding
2.4B
EX-Date
08/14/13
P/E TM
26.6x
Dividend
--
Dividend Yield
0.19%
Current Stock Chart for RELIANCE COMMUNICATIONS LTD (RCOM)

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reliance communications ltd (RCOM) Details

Reliance Communications Limited provides integrated and converged telecommunications services to individual, enterprise, and carrier customers in India and internationally. It offers a range of CDMA, GSM, and 3G wireless services; and wireline, voice, data, video, Internet, and IT infrastructure services. The company also provides long distance business services, such as wholesale voice, bandwidth, and infrastructure services; national and international private leased circuits; broadband Internet access; audio, video, and Web conferencing; MPLS-VPN; remote access VPN; Centrex; toll-free voice services; voice services for offices; voice VPN for enterprises; and managed Internet data center services, including co-location, managed hosting, IT infrastructure, managed security, system integration, and storage and back-up solutions. In addition, it offers value-added products and services to large, medium, and small enterprises for their communications, networking, and IT infrastructure; provides direct-to-home services; owns and operates submarine fiber optic cable network infrastructure; and owns and leases data and Internet networks, as well as offers managed Ethernet services. Further, the company holds UASL and 3G spectrum licenses, as well as licenses for the provision of national long distance and international long distance services; offers digital television services; operates Reliance World and Reliance Mobile stores that provide customer activation and after sales services; and builds, owns, and operates telecommunication towers, and other related assets. The company was formerly known as Reliance Communication Ventures Limited and changed its name to Reliance Communications Limited in June 2006. Reliance Communications Limited was incorporated in 2004 and is based in Navi Mumbai, India.

14,169 Employees
Last Reported Date: 06/27/14
Founded in 2004

reliance communications ltd (RCOM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

reliance communications ltd (RCOM) Key Developments

Citic Telecom Is Reportedly In Talks To Buy Stake In Reliance's Subsidiary

CITIC Telecom International Holdings Limited (SEHK:1883) is looking to buyout Reliance Globalcom Ltd. from Reliance Communications Ltd. (BSE:532712). CNBC-TV18’s Kritika Saxena learns from sources the deal, which is in advanced talks to buy for Global Cloud Xchange (formerly Reliance Globalcom), may fetch Reliance a whopping USD 1 billion. "Citic Telecom has been talking to Reliance Communications to buy stake in GCX for sometime but since GCX's bond issue of $350 million was due, the deal got held up," said a source familiar with the development who did not wish to be named. "Now that the bond issue has gone through, Citic Telecom will begin the due diligence. The deal is still in initial stages so will take some time to go through," he added. When contacted Reliance Communications did not comment on the story and Citic Telecom also did not respond to CNBC-TV18's queries on the same.

Reliance Communications to Cut 5,500 Jobs to Prune Debts

Reliance Communications will cut workforce by 5,500 employees by outsourcing to BPO and shared services operations, taking the overall headcount down by over 15,000 employees since January 2013. To prune a debt of over INR 400,000 million, the company has been moving out non-core services to third-party vendors and the present move is a similar initiative. The move is expected to provide a savings cushion to the fourth-largest telecom company, which has been raising efficiencies to tone up telecom operations and cut losses. Of 5,500 employees, around 4,000 are BPO employees and the remaining 1,500 are from shared services. These people are being transferred to two different companies. The process is expected to be completed in the next three to five weeks.

Reliance Communications Plans Massive Staff Reduction

Reliance Communications announced that it plans to shed a hefty proportion of its workforce by outsourcing call centre and shared services operations. Reliance Communications plans to shed a hefty proportion of its workforce by outsourcing call centre and shared services operations. The company is on the verge of signing deals with two third-party service providers collectively worth close to INR 7 billion. As a result, the telco will lose around 6,000 employees from its payroll. 4,500 of the affected employees work at Reliance's call centre operations, while the remainder are shared services staff. Once the transition has taken place the telco will be left with significantly fewer than 10,000 employees.

 

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RCOM Competitors

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Company Last Change
Idea Cellular Ltd 156.85 INR +0.20
IDFC Ltd 152.25 INR -4.05
Mahanagar Telephone Nigam 30.25 INR -1.00
Tata Communications Ltd 371.40 INR +0.60
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Industry Analysis

RCOM

Industry Average

Valuation RCOM Industry Range
Price/Earnings 26.6x
Price/Sales 1.3x
Price/Book 0.9x
Price/Cash Flow 5.8x
TEV/Sales NM Not Meaningful
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