The Reliance Anil Dhirubhai Ambani group is foraying into the information technology consulting and services segment, for which it has formed a subsidiary, Tech Reliance.
The group is also looking to poach management- and senior-level executives from major IT firms in the country.
The group is planning to bring in all its IT departments under the subsidiary. Tech Reliance, apart from providing services to the group companies, will also provide services to diverse industry sectors in the country, a source close to the development said.
The planned services would include consultancy, business process outsourcing and software development, among others.
The company will initially look at providing services to industry sectors such as telecommunications, financial services, utilities, entertainment and healthcare.
The company intends to take on existing IT biggies, including Infosys Technologies , Tata Consultancy Services , Wipro , IBM and Accenture, by providing similar services in the country.
Anil Ambani has already hand-picked a core team of 15 members, including employees working within the group, to head the initiative.
The group is also looking at roping in senior-level executives from the existing IT firms in the company, the source said.
When contacted, a Reliance ADAG spokesperson declined to comment, but added, "The group continuously explores new avenues for growth and enhancing value for our stakeholders."
Reliance ADAG has also readied a war chest for its IT foray, which, sources say, is "considerably large." However, the amount of investments planned by the group could not be ascertained.
The company is looking at the IT foray, believing this will help the group enhance investor value. Despite its late entry into the sector, Tech Reliance is aiming at becoming one of the top-10 IT companies within the ensuing two-year period.
The IT arm would utilise the group's existing domestic and international presence to win contracts and clients.
Reliance ADAG has a presence in the domestic enterprise and small and medium enterprise market through its flagship company, Reliance Communications.
The group also has an in-house technology innovation division that was engaged in R&D, and testing of new technologies.
New Entrant
The group will bring all its IT departments under the subsidiary
Tech Reliance will be providing services to the group companies and will also cater to diverse industry sectors
The company intends to take on Infosys Technologies, Tata Consultancy Services, Wipro, IBM and Accenture
A 15-member team is busy in doing the spadework for the new entity
Source: http://www.rediff.com/
Thursday, February 28, 2008
Wednesday, February 27, 2008
Reliance Communications integrates its global initiatives
Mumbai: Anil Ambani-led Reliance Communications Ltd (RCL) Wednesday said it has integrated all its global initiatives under the umbrella brand of Reliance Globalcom.
"In creating Reliance Globalcom, we are aligning our global communications strategies into a single vision to create one of the top five global communications companies in the world," RCL chief Anil Dhirubhai Ambani said.
"Reliance Globalcom is structured to serve the existing and emerging fast growing demands of our global customers and would add significant value for the shareholders of India's largest and most profitable telecom enterprise."
In a statement to the Bombay Stock Exchange (BSE), RCL said Reliance Globalcom was planning to target the fast growing potential in the global telecom arena with annual revenue potential of $285 billion.
It said with the consolidation, Reliance Globalcom would have annualised start-up revenues of $1.32 billion.
RCL also said its subsidiary Yipes Enterprise Services Inc has changed its name to Reliance Globalcom Service Inc and will now represent the enterprise division of the Company.
The product portfolio of FLAG Telecom has been re-branded as Reliance FLAG, the release said.
RCL said Reliance Globalcom would have a presence in over 50 countries including the top 20 financial centres in the world, including New York, London, Tokyo, Paris, Chicago, Toronto, Frankfurt, Seoul, Taipei, Hong Kong, Beijing, Shanghai, San Francisco, Los Angeles, Singapore, Rome and Milan.
"Reliance Globalcom would be leveraging IP (Internet protocol)-enabled infrastructure of Reliance Communications and its subsidiaries, including 175,000 km of optic fibre and 20,000 km of Ethernet backbone in the US," the release said
Source : http://sify.com/
"In creating Reliance Globalcom, we are aligning our global communications strategies into a single vision to create one of the top five global communications companies in the world," RCL chief Anil Dhirubhai Ambani said.
"Reliance Globalcom is structured to serve the existing and emerging fast growing demands of our global customers and would add significant value for the shareholders of India's largest and most profitable telecom enterprise."
In a statement to the Bombay Stock Exchange (BSE), RCL said Reliance Globalcom was planning to target the fast growing potential in the global telecom arena with annual revenue potential of $285 billion.
It said with the consolidation, Reliance Globalcom would have annualised start-up revenues of $1.32 billion.
RCL also said its subsidiary Yipes Enterprise Services Inc has changed its name to Reliance Globalcom Service Inc and will now represent the enterprise division of the Company.
The product portfolio of FLAG Telecom has been re-branded as Reliance FLAG, the release said.
RCL said Reliance Globalcom would have a presence in over 50 countries including the top 20 financial centres in the world, including New York, London, Tokyo, Paris, Chicago, Toronto, Frankfurt, Seoul, Taipei, Hong Kong, Beijing, Shanghai, San Francisco, Los Angeles, Singapore, Rome and Milan.
"Reliance Globalcom would be leveraging IP (Internet protocol)-enabled infrastructure of Reliance Communications and its subsidiaries, including 175,000 km of optic fibre and 20,000 km of Ethernet backbone in the US," the release said
Source : http://sify.com/
Reliance to launch Uganda phone services
Reliance Communications, India’s second-largest wireless operator, will launch phone services in Uganda by year-end, marking its first foray into international mobile phone markets.
Reliance on Thursday announced the acquisition of Uganda-based Anupam Global Soft for an undisclosed sum along with plans to invest up to $500m to ramp up its telecom network in Uganda. The company will continue to push for expansion into other emerging markets of Asia and Africa.
EDITOR’S CHOICE
Reliance proposes bonus shares after price fall - Feb-17Analysis: Emerging markets shake up the old order in telecoms - Feb-10KKR puts $250m in Bharti Airtel - Feb-07Reliance subsidiary announces IPO - Feb-04Indian telecom groups are keen to break into international markets even though India, the world’s fastest-growing mobile market, continues to add about 8m new wireless subscribers each month. India claimed 233m mobile subscribers at the end of December.
Other emerging markets also have great potential for adding mobile subscribers. ”Uganda’s telecom market is similar to what India was eight years back,” said Punit Garg, president, of global business for Reliance.
Through FLAG, its telecom infrastructure arm, Reliance is spending $1.5bn to lay a submarine cable connecting the African continent to other regions.
Reliance has tried several times to make the leap to overseas mobile phone markets but did not win licences in Saudi Arabia, Egypt, Bhutan, Sri Lanka, Kenya and Qatar. It competed for a controlling stake in Telekom Kenya but recently lost out to France Telecom.
Bharti Airtel, India’s largest mobile operator, first ventured overseas in 1998 when it launched services in Seychelles. The company is expanding in Sri Lanka, Jersey and Guernsey.
Source : http://www.ft.com/
Reliance on Thursday announced the acquisition of Uganda-based Anupam Global Soft for an undisclosed sum along with plans to invest up to $500m to ramp up its telecom network in Uganda. The company will continue to push for expansion into other emerging markets of Asia and Africa.
EDITOR’S CHOICE
Reliance proposes bonus shares after price fall - Feb-17Analysis: Emerging markets shake up the old order in telecoms - Feb-10KKR puts $250m in Bharti Airtel - Feb-07Reliance subsidiary announces IPO - Feb-04Indian telecom groups are keen to break into international markets even though India, the world’s fastest-growing mobile market, continues to add about 8m new wireless subscribers each month. India claimed 233m mobile subscribers at the end of December.
Other emerging markets also have great potential for adding mobile subscribers. ”Uganda’s telecom market is similar to what India was eight years back,” said Punit Garg, president, of global business for Reliance.
Through FLAG, its telecom infrastructure arm, Reliance is spending $1.5bn to lay a submarine cable connecting the African continent to other regions.
Reliance has tried several times to make the leap to overseas mobile phone markets but did not win licences in Saudi Arabia, Egypt, Bhutan, Sri Lanka, Kenya and Qatar. It competed for a controlling stake in Telekom Kenya but recently lost out to France Telecom.
Bharti Airtel, India’s largest mobile operator, first ventured overseas in 1998 when it launched services in Seychelles. The company is expanding in Sri Lanka, Jersey and Guernsey.
Source : http://www.ft.com/
Friday, February 22, 2008
Reliance Communications acquires Anupam Global Soft of Uganda
NEW DELHI: Reliance Communications on Thursday announced the acquisition of Uganda-based Anupam Global Soft, a company holding public infrastructure provider licence (PIPL) and public service provider licence (PSPL) issued by Uganda Communications Commission.
Under these licences, Reliance Communications targets to offer mobile, fixed line, internet, national and international long distance services, in addition to Wi-Max and Wi-Fi services in Uganda. The operator said it has received spectrum and would launch mobile services in Uganda by 2008-end.
Reliance Communications is targeting to invest up to $500 million (Rs 2,000 crore) in establishing a high quality, fully-IP enabled integrated telecom network in Uganda to capture the growth potential in the emerging African market.
Reliance Communications global business president Punit Garg said, “Uganda telecom market is similar to what India was eight years back. Our expertise in managing one of the world’s largest integrated telecom network, and deep understanding of diverse consumer segments makes us confident to achieve a significant position to add further value for our two million shareholders.”
The telecom operator plans to connect the African continent with the rest of the world by laying a submarine cable system through its arm Reliance FLAG plans to spend $1.5 billion (Rs 6,000 crore) in building a 1,15,000 km-long, fully-IP enabled optic network to reach 2/3rd of the global population.
Reliance Communications has ambitious global expansion plans and is concentrating on opportunities in emerging Asian and African markets. Uganda has a population of about 30 million, and about 3.016 million mobile subscribers by March-end 2007, according to UCC. Reliance Communications said the 10% penetration provides ample scope of expansion.
Under these licences, Reliance Communications targets to offer mobile, fixed line, internet, national and international long distance services, in addition to Wi-Max and Wi-Fi services in Uganda. The operator said it has received spectrum and would launch mobile services in Uganda by 2008-end.
Reliance Communications is targeting to invest up to $500 million (Rs 2,000 crore) in establishing a high quality, fully-IP enabled integrated telecom network in Uganda to capture the growth potential in the emerging African market.
Reliance Communications global business president Punit Garg said, “Uganda telecom market is similar to what India was eight years back. Our expertise in managing one of the world’s largest integrated telecom network, and deep understanding of diverse consumer segments makes us confident to achieve a significant position to add further value for our two million shareholders.”
The telecom operator plans to connect the African continent with the rest of the world by laying a submarine cable system through its arm Reliance FLAG plans to spend $1.5 billion (Rs 6,000 crore) in building a 1,15,000 km-long, fully-IP enabled optic network to reach 2/3rd of the global population.
Reliance Communications has ambitious global expansion plans and is concentrating on opportunities in emerging Asian and African markets. Uganda has a population of about 30 million, and about 3.016 million mobile subscribers by March-end 2007, according to UCC. Reliance Communications said the 10% penetration provides ample scope of expansion.
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