Business Profile Reliance Communications (RCOM), a part of Anil Dhirubhai Ambani group, was originally incorporated on July 15,

2004 as a private sector company. The status of the company changed from private to public on July 25, 2005. RCOM was formerly known as Reliance Communication Ventures Ltd. RCOM has its corporate office in Navi Mumbai, India. Reliance Communications offers a reliable, high-capacity, integrated (both wireless and wireline) and convergent (voice, data and video) digital network. It offers a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services ? for enterprises as well as individuals, applications, and consulting. RCOM provides a complete range of telecom services covering mobile and fixed line telephony which includes broadband, national and international long distance services and data services along with an exhaustive range of value-added services and applications. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 165,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financials The company reported fall of 45.23% in consolidated net profit on y-o-y basis to Rs 1.32 billion, while total income increased 2.97% y-o-y basis to Rs 52.02 billion for the quarter ended September 2012. Recent Developments 07-JUN-13 Reliance Jio Infocomm and Reliance Communications today announced the signing of a definitive agreement for sharing of RCOM's nationwide telecom towers infrastructure. 10-MAY-13 Anil Ambani led Reliance Communications (RCom), one of the leading telecom operators in India`s fourth-quarter profits dropped 8.73% from a year ago. It earned consolidated net profit of Rs 3.03 billion for the quarter ended Mar. 31, 2013, compared with Rs 3.32 billion, a year ago. 10-MAY-13 Reliance Communications (RCom), one of the leading telecom operators in India announced that the company has made full repayment of a syndicated ECB loan facility of USD 500 million (over Rs 27 billion) on the due date. 30-APR-13 Telecom operator Reliance Communications (RCom) on Tuesday announced a roaming agreement with Aircel, under which both the companies will use each others' mobile towers to improve network coverage for 2G GSM services. 23-APR-13 Reliance Communications announced a partnership with Twitter to launch a Twitter access pack for its GSM prepaid subscribers in India. The promotional offer has been launched for the 90 days long IPL season.

09-APR-13 Morgan Stanley has upgraded Reliance Communication to Overweight (OW) after its Rs 12 billion infrastructure utilization deal with RIL`s Jio Infocomm. Four more possible deals could cut RCom`s debt by Rs 77 billion more nearly halving net debt to EBITDA and allaying our key concern. 08-APR-13 Anil Ambani led Reliance Communications (RCom), one of the leading telecom operators in India decided to sell 80% stake in subsidiary Reliance Globalcom to a consortium led by Bahrain Telecommunications Company (Batelco) for around Rs 60 billion, according to reports. 03-APR-13 Reliance JIO Infocomm, a telecom arm of Mukesh Ambani led Reliance Industries and Anil Ambani led Reliance Communications announced the signing of a definitive deal worth Rs 12 billion as one time indefeasible right to use (IRU) fees for sharing RCom's nationwide inter-city fibre optic network infrastructure.

Future Plans The company plans to concentrate on mobile content services other than voice. It also plans to spend Rs 5 billion every year for the next three years. This CAPEX will be used for network expansion of its CDMA business to over 4,500 towns from the present 2,000 towns and expansion of its GSM operations. It has a tie-up with Microsoft Corporation to roll out its Internet protocol television initiatives. It has formed a consortium with Egypt-based Arab Computer Manufacturing Company and has been shortlisted for Egypt`s third mobile licence. RCom plans to launch international data roaming facility in Canada, followed by Latin America and then to Asian countries like Japan, South Korea, China and other countries.

Telecom major Reliance Communications plans to monetise its real estate assets as it looks to pare debt. "Reliance Communications Ltd has informed...that a meeting of the Board of Directors of the Company will be held on July 07, 2013, inter alia, to consider proposals for unlocking value from the Real Estate Properties held by the Reliance Communications Limited and its subsidiaries," RCom said in a BSE filing. Anil Ambani-controlled RCom in December 2012 had announced setting up a joint venture with Chinese real estate firm Wanda Group. RCom has utilised expertise of Wanda Group in development of Dhirubhai Ambani Knowledge City, which is spread over area of 135 acres in Navi Mumbai, and a Business District project in Hyderabad, covering an area of 80 acres owned by subsidiary Reliance Infrastructure. Wanda Group and Reliance MediaWorks also agreed to develop multiplexes business in India and the US. RCom has been looking to hive off as well as open up various assets to lower its debt burden. The net debt of the company stood at Rs 38,864 crore by end of March 2013. The company earlier this week paid off debts which cumulatively amounted to around Rs 6,000 crore. On April 2, RCom entered into agreement with Reliance Industries' telecom arm to "provide for optimal utilisation of the existing and future infrastructure of both companies on reciprocal basis". Both the companies announced Rs 1,200 crore deal under which Reliance Jio got right to use RCom's nationwide 1.2 lakh kilometres inter-city fiber optic network infrastructure. This was followed with Rs 12,000 crore pact on June 7 under which RJI got right to utilise up to 45,000 ground and rooftop based mobile towers of RCom for rolling out 4G services. Shares of RCom rose by 1.12 per cent to end at Rs 135.60 apiece on the BSE.

Reliance Jio to utilize RComs 45,000 towers in Rs 12,000 crore pact for 4G roll-out
Reliance Jio Infocomm Ltd. on Friday signed a 12,000 crore agreement with Reliance Communications Ltd. for sharing of latters nationwide telecom towers infrastructure. Under the terms of the agreement, Reliance Jio Infocomm will utilise upto 45,000 ground and rooftop based towers across RCOMs nationwide network for accelerated roll-out of its stateof-the-art 4G services Reliance Jio said in a statement. The agreement provides for joint working arrangements to configure the scope of additional towers to be built at new locations to ensure deep penetration and seamless delivery of next generation services.

Yesterday RIL Chairman Mukesh Ambani in a message to the shareholders announced that the group would invest Rs 1.5 lakh crore in core business of petrochemicals and oil and gas as well as in retail and telecom sectors in the next 3 years. Ambani said that 4G Reliance Jio initiative will build scale based on technological superiority, affordability and providing an unparalleled range of services that do not exist today. This agreement follows the inter-city optic fiber sharing agreement already signed in April 2013 as part of a comprehensive framework of business co-operation between Reliance Jio Infocomm and Reliance Communications.