New Gsm Handset In Few Months’ From Reliance Communications

[ravi_patent 28]

Money Control

Friday, Jan 23, 2009 at 18:41

Reliance Communication has declared its third quarter numbers of FY09. Its Q3 net profit was down by 7.9% at Rs 1410 crore versus Rs 1,531 crore, QoQ. The company's revenues went up 3.63% at Rs 5,850 crore versus Rs 5,645 crore, QoQ.

Key Takeaways from Reliance Communication concall:

Indian Telecom sector has not shown any signs of slowdown

Mobile users unhappy with services of incumbent operators

Will continue to launch affordable plans

GSM launch Will Give Co Substantial Market Share

RCOM has raised the bar in providing affordable connectivity to common man

Coverage in each circle, operating highest quality

Next few months’ company is going to launch new GSM handset

Q3 performance 65000 million customers

61 million wireless subscribers

GSM rollout to be huge opportunity for company

Revenue expanded 20%

PAT grew by 3%

Margin sustainable at current levels

Crossed 10 million subscribers in GSM

Net Debt equity ratio 0.64:1

Guidance

Revised capex for FY09 to be Rs 20000 crore versus Rs 30000 crore given out earlier

Capex for FY10 expected at Rs 15000 crore

Capex next year to come down substantially

Launch nation wise GSM services

Company GSM biz cover 14000 town; 3000 town is target in less than 30 days.