The Reliance Anil Dhirubhai Ambani Group (R-ADAG) has chalked out a roadmap for its online and offline video rental business - BigFlicks - which works on the lines of the US video rental distribution network - Blockbuster.
The group plans to raise the number of such stores to 500 across 35-40 cities by April 2009 from the current 22 stores in 6 cities.
The retail video service had a soft launch last year following the video-on-demand portal BigFlicks' launch in August 2007. Currently, 22 such rental stores are in Mumbai, Delhi, Pune, Hyderabad, Chandigarh and Bangalore.
By mid-April, the company intends to set up 28 additional stores in four more cities including Indore, Ahmedabad, Kolkata and Chennai.
"This apart, Reliance World outlets will house around 75 shop-in-shop format stores and the remaining 375 stores will be opened through the franchise model," said Kamal Gianchandani, COO, home entertainment, Reliance Entertainment.
He added that the franchise model was still being worked out for a likely start in May. During the launch of BigFlicks last year, the company said that Reliance- ADAG would invest around $100 million in the next 3 years.
Gianchandani added that almost 40 per cent of the proposed investment has already been done since August last.
Customers have two choices, opting either for a subscription model or paying as they walk in a store. The price points for the second choice range between Rs 40 and Rs 80 per DVD/ VCD, depending on the language.
The subscription model, which contributes almost 95 per cent to the business, has three monthly unlimited DVDs plans of Rs 250 (for one DVD, which means a customer can take only one DVD at a time), Rs 400 (two DVDs) and Rs 500 (three DVDs), respectively.
The home entertainment company also offers an online, complimentary mail order service. "With this venture, our vision is to build a scalable business model that brings entertainment to all types of customers and homes through a multi-channel distribution platform - broadband, internet, home delivery and retail," said Gianchandani.
Meanwhile, the online video-on-demand portal bigflicks.com has witnessed over 10 lakh visitors. The portal has around 1,000 movie titles in Hindi, English, Bangla, Bhojpuri, Kannada, Tamil, among others. Eyeing the diaspora, bigflicks.com covers over 100 countries.
NRIs can either download a film on rent (45 days) or buy it for $2.5-10.
Showing posts with label Anil Ambani. Show all posts
Showing posts with label Anil Ambani. Show all posts
Tuesday, March 25, 2008
Reliance Energy Gains Most in Two Months on Buyback
March 25 (Bloomberg) -- Reliance Energy Ltd., India's third-biggest utility, rose the most in two months after starting a buyback of shares today.
The shares gained as much as 169.1 rupees, or 15 percent, to 1,320 rupees on the Bombay Stock Exchange. The start of the offer was postponed from March 17, the Mumbai-based company said in a filing to the exchange yesterday, without explaining.
Reliance Energy, India's best-performing benchmark company last year, approved the buyback after shares in the group slumped this year. Chairman Anil Ambani last month offered free shares to investors in his generating business, Reliance Power Ltd., after the stock slumped 17 percent on listing.
Reliance Energy plans to spend 20 billion rupees ($499 million) on the buyback at a maximum price of 1,600 rupees apiece. The price represents ``a premium of over 30 percent to the low of 1,225 rupees recorded during the calendar year 2008 and a premium of approximately 10 percent to the closing share price on the date of the board meeting,'' the company said on March 5.
The last date of the offer is March 4. The buyback, aimed at reducing ``short-term volatility'' and deterring ``speculative activity,'' will be done in two phases, with 12 billion rupees being spent in the second phase, the company said.
Reliance Power plans to issue three shares for every five held. The free shares won't be given to Ambani and the founder group, including Reliance Energy, which hold a combined 90 percent stake.
Share Gains
Reliance Energy gained 149.25 rupees, or 13 percent, at 1,300.15 rupees at the 3:30 p.m. local time close, its biggest advance since Jan. 23. The exchange's 30-share, benchmark Sensitive Index gained 6.1 percent to 16,217.49 points. Reliance Power rose 13.05, or 4.3 percent, to 319.55 rupees.
The company plans to change its name to Reliance Infrastructure Ltd. to reflect the current nature of its businesses. The power producer is working on construction contracts worth 80 billion rupees, including a metro rail and a bridge in Mumbai and a 100-storey office tower in the southern city of Hyderabad, the company said on March 10.
To contact the reporter on this story: Manash Goswami in New Delhi at mgoswami@bloomberg.net.
The shares gained as much as 169.1 rupees, or 15 percent, to 1,320 rupees on the Bombay Stock Exchange. The start of the offer was postponed from March 17, the Mumbai-based company said in a filing to the exchange yesterday, without explaining.
Reliance Energy, India's best-performing benchmark company last year, approved the buyback after shares in the group slumped this year. Chairman Anil Ambani last month offered free shares to investors in his generating business, Reliance Power Ltd., after the stock slumped 17 percent on listing.
Reliance Energy plans to spend 20 billion rupees ($499 million) on the buyback at a maximum price of 1,600 rupees apiece. The price represents ``a premium of over 30 percent to the low of 1,225 rupees recorded during the calendar year 2008 and a premium of approximately 10 percent to the closing share price on the date of the board meeting,'' the company said on March 5.
The last date of the offer is March 4. The buyback, aimed at reducing ``short-term volatility'' and deterring ``speculative activity,'' will be done in two phases, with 12 billion rupees being spent in the second phase, the company said.
Reliance Power plans to issue three shares for every five held. The free shares won't be given to Ambani and the founder group, including Reliance Energy, which hold a combined 90 percent stake.
Share Gains
Reliance Energy gained 149.25 rupees, or 13 percent, at 1,300.15 rupees at the 3:30 p.m. local time close, its biggest advance since Jan. 23. The exchange's 30-share, benchmark Sensitive Index gained 6.1 percent to 16,217.49 points. Reliance Power rose 13.05, or 4.3 percent, to 319.55 rupees.
The company plans to change its name to Reliance Infrastructure Ltd. to reflect the current nature of its businesses. The power producer is working on construction contracts worth 80 billion rupees, including a metro rail and a bridge in Mumbai and a 100-storey office tower in the southern city of Hyderabad, the company said on March 10.
To contact the reporter on this story: Manash Goswami in New Delhi at mgoswami@bloomberg.net.
Thursday, February 28, 2008
ADAG floats Tech Reliance for IT debut
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/
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/
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/
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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