Reliance Comm lines up USD 2.5 bn for investment
Anil Ambani-controlled Reliance Communications is making plans to pump in USD 2.5 billion (Rs 112,500 million) in its code division multiple access (CDMA) as well as global system for mobile communication (GSM) networks, reports Business Standard.
Ambani had recently outlined this plan at an earnings call for global investors, just days before Vodafone bagged Hutchison Essar Feb.11, 2007. Reliance Communications was counting on this acquisition to expand its GSM footprint in the country, as it shells out a royalty on its CDMA operations to Qualcomm.
The investment would compare favourably with the estimated USD 4 billion that has been invested by Bharti Airtel and Hutch in their entire wireless business till date.
Ambani has already outlined its plan to roll out 20,000 towers, locating CDMA as well GSM antenna on the same tower.The company is also looking at additional tower capacity through co-location agreements with all major operators.
The goal is to have signal available in any city with a population of 50,000 and more, taking the total number of towns covered from 2,200 now to nearly 4,000 by June this year.
Ambani had recently outlined this plan at an earnings call for global investors, just days before Vodafone bagged Hutchison Essar Feb.11, 2007. Reliance Communications was counting on this acquisition to expand its GSM footprint in the country, as it shells out a royalty on its CDMA operations to Qualcomm.
The investment would compare favourably with the estimated USD 4 billion that has been invested by Bharti Airtel and Hutch in their entire wireless business till date.
Ambani has already outlined its plan to roll out 20,000 towers, locating CDMA as well GSM antenna on the same tower.The company is also looking at additional tower capacity through co-location agreements with all major operators.
The goal is to have signal available in any city with a population of 50,000 and more, taking the total number of towns covered from 2,200 now to nearly 4,000 by June this year.
Labels: Reliance Comm
posted by SY at 12:16 PM
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