Anil Takes Over As Chairman Of Reliance Infocomm

[@ksh@T 20]

I think its a good move by Anil.

World over the need for power is growing day by day and is also going to become costlier.

If he can tap unconventional power sources like Solar and Wind Power and also make it raliable. In the long run, it will provide better service and more stability of service to all the Reliance  Customers.

39745[/snapback]

What has Happened to RIL...Mukeshn is not using RIM's network to join outlets instead using network of HUGHES.....

NEW DELHI: Hughes, the world's leading provider of broadband satellite services, networks and products for businesses, governments and consumers, Monday announced that it has signed a definitive agreement to connect 1000 retail outlets of Reliance Industries across the country. This deployment will be complete by October 2005. The deal valued at Rs 8 crores involves Hughes installing a technology backbone for all of Reliance petroleum outlets in a phased manner, connecting 3000 outlets by 2006.

Reliance will deploy the DiRECWAY 7700 platform, a two-way satellite broadband solution and the most advance broadband satellite technology in the world today. Reliance will be the first customer to use this in India that will run all its applications on a single infrastructure. These applications include tank monitoring, sales management, credit access, back office applications, POS services and value added services like WiFi access, multicasting, package delivery and internet access. Hughes will build, manage and provide on ground support for all these services.

"Oil & Gas is one of the strongest market segments for Hughes worldwide. I am confident that with our experience and understanding of this industry, we will be able to deliver on Reliance's vision of superior customer experience," said Partho Banerjee, President, Hughes India.

Hughes will enable turnkey networking solutions encompassing network design, Data Center services, security infrastructure, VPN services, systems integration, facility management of network components and a 24X7 network management services for the connected outlets.

Hughes works with BPCL, HPCL and Essar Oil in the Indian market. Worldwide, Hughes has connected over 50,000 oil retail outlets via satellite allowing them to offer techno differentiators to their customers. These include clients like Exxon Mobil, BP-Amoco, Chevron, Shell and SK Gas.

[Puneet 0]

Because RIM still doesn't has satellite network.

[abhay 0]

yup i also thought the same thing y the hell dint mukesh use the reliance info network after all its one of th biggest networks in the country and what if it dosent have broadband satellite services it could have take the fiberoptic connectivity frm reliance info after all the connectivity matters and not how the connection is made!!!!

for all those ppl contradicting this i would just like to add with connectivity i actully mean constant connection which satellite gives

Edited September 8, 2005 by abhay

[@ksh@T 20]

Yes man i also mean that .....I also know that RIM doesnt has Satellite conn..but stilllllllllllll fiberoptic is there na.....and it will also provide good connectivity

[abhay 0]

well acc to me they both wont use each others services from now on !! i think thats a part of their settlement :'(

actully i neva dint want any kinda settlement between them together they could have made it better than ne other company in the world well u can do the math

unlimited cash resources from the petrolium buissness and a huge capital intensive but very rewarding technological projects like infocomm (which takes time to establish but is very much profitable in the future)

[@ksh@T 20]

In a spate from Rupert Murdoch, the media moghul..., adae has decided to change its Proposed DTH service name from SkyMagic to BlueMagic....coz SKY is owned by rupert murdoch which provides DTH Service

Lets c what else he changes

[ashoksoft 83]

hmm... again company news.... interesting, lets wait and watch...

cheers

Ashok

[abhay 0]

HC to deliver order on Reliance Demerger plea on Dec 9

The Bombay High Court will deliver the order tomorrow on the demerger petition filed by Reliance Industries Ltd, seeking changes in the company's shareholding pattern as part of the settlement between Ambani brothers, Mukesh and Anil.

Justice Nis-hita Mhatre has reserved the order until tomorrow after hearing RIL and a shareholder opposing the scheme.

The country's biggest private enterprise RIL has urged creation of new entities in the petition, however, a minority shareholder opposed it alleging that the demerger was more in the nature of family arrangement than business separation.

Ahmedabad based chartered accountant Kalpesh Bharatkumar Mankad, who opposed the petition, clarified during the course of hearing on December five that he was not primarily opposed to the demerger scheme but was against the procedure in which it was being carried out.

Jal Unwala, counsel for Mankad, argued that the demerger scheme contained some discrepancy, which was presented by the company to the shareholder members and to the court.

Replying to these arguments, RIL counsel Iqbal Chagla had admitted that the company observed some kind of "typographical errors" existing in the text of its scheme submitted to the court. However, he completely refuted Mankad's allegations that the demerger scheme was unfair to the share holders.

Alleging non-disclosure of assets and liabilities and loans and advances by RIL, Unwala said it is the right of the 20-lakh odd shareholders of the company to get full information about these matters.

HC approves RIL demerger

The Mumbai High Court has given an approval to RIL's demerger scheme. The court has also refused to put a stay on the order.

RIL's share price gain more than 1% following the report of court's approval.

RIL is in process of demerging its stake in Reliance Energy (REL), Reliance Capital and Reliance Infocomm as part of a settlement reached between Mukesh and Anil Ambani.

http://economictimes.indiatimes.com/articleshow/1325304.cms

[linuxguy 0]

is it good or bad? we will only find out AFTER a month or so....

[anujit 0]

What happens after a month? Pretty much nothing.

EVDO isnt launched. price of rconnect doesnt fall. Nothing.

[abhay 0]

well i dont know about u guys but for me reliance shares jumped up 1% on the news! and i expect on much more gains after the demerger is completed

Edited December 9, 2005 by abhay

[linuxguy 0]

i hope anil does wonders for RIL!

[abhay 0]

good news guys and sply for the shareholders in d co like me! the drama will finally end

RIL fixes Jan 25 as date for demerger

Reliance Industries said on Thursday that it has fixed January 25 as the record date for its proposed demerger scheme under which it will spin off its holdings in power, financial services and telecom into separate companies.

Shareholders whose names appear on RIL’s record books as of January 25 will be entitled to receive shares in the four companies.

They include Reliance Capital Ventures which will be the holding company for Reliance Capital, Reliance Energy Ventures, which will own Reliance Energy, Global Fuel Management Services and Reliance Communication Ventures, which will own stakes in the four telecom companies.

RIL shareholders will receive one equity share in Reliance Energy Ventures and one equity share in Reliance Capital Ventures for every single share they own. They will get one equity share of Rs 5 each in both Global Fuel Management Services and Reliance Communication Ventures.

Meanwhile, huge block deals on an almost daily basis seem to indicate that the promoter group stakes in RIL, held through various investment outfits, are being restructured.

On Wednesday, about 4.95 crore shares worth more than Rs 4,000 crore changed hands, intensifying speculation that promoters are simplifying or restructuring holdings.

http://economictimes.indiatimes.com/articleshow/1343111.cms

[Basant 0]

It is nearly 4 months that Anil is in command of Infocomm. Yet to see any visible impact.

[Saurav 22]

Anil is silent till date.

when he breaks his silence he myt bring a storm.

eagerly waiting 4 that storm.

[anujit 0]

What impact were you expecting? RIM will run its course against the competition rather than become a Google for phones i.e. offering free calls forever for small text based ads on my mobile .

Come Anil or whoever.

Edited December 24, 2005 by Chirag

[Saurav 22]

i expect somehing in case of Broadband, Netway.

[amitbt22 2]

Surely Rconnect & broadband unlimited tarriff should be justified,Verified.

[abhay 0]

Reliance is going Sify way?

History, dear folks, can teach us a lot. The generations who learn from their history are better placed than who refuse to acknowledge it. The wisdom holds true for corporations too. CEO’s mar or make a company; despite the common sense prevailing on ground.

In a way, I have been wondering about Reliance, Anil’s division. Much vaunted “broadband” has not materialized; his mobile business has not really excited the market in recent times and hordes of people are expressing dissatisfaction. Then, of course, Reliance has its neck deep in different ventures, which defeats the entire purpose of having focused plans for telecom. It would, in the end, go down like the Govt. of India’s black hole- where money goes in but no result thereof.

I was indeed dismayed to see a write up in Indian Television.com, which talked of last mile access woes. It is true. However, Satyam burnt its fingers nicely and had to exit its ISP business. Reliance is refusing to learn from the history and that of not too recent past. According to the report, Reliance would be investing and scaling up the infrastructure including billing, while cable operators would provide the last mile access.

There is an inherent flaw in the model. First, the Cable internet is not the bright speck in the sky for Internet access; unless of course it is optic fiber running to your home. DSL can giver higher and faster access. Then, the problem of secure browsing- most of the PC’s running Microsoft would be infected. It is easy to compromise a PC without firewalls et al.

Reliance would be stupid enough to expect the cable operators willing to invest time and energy- the same issues that dogged Satyam would plague Reliance too. Lack of customer focus and alienation would soon settle in.

Most of the cable operators have their own “internet services”- they act as last mile distributors for telecom companies. Why would they allow any other company to compete with their own services?

Despite this, Reliance has enough financial muscle and extremely active legal department to arm-twist them. This would make your cable operator wary, unless they are backed by a robust association. Satyam was perceived to be pliable and the dodos did not bother about customers anyway. Reliance would never want to have bad press.

Let us see how their foray comes in the picture. Let me grudgingly admit. BSNL, by mid next year, may have the last laugh. Especially when they have started scaling up direct optic fiber to building clusters in select cities. These Govt. PSU’s may well rule the broadband market. Everyone else would twiddle their thumbs and resort to lobbying to open up last mile access.

Especially when media would get enough brains to start comparing the inroads made by other companies. If the report in Indian Television.com is just a proposal, it is good enough. History never forgives anyone who ignores it.

http://sifybroadband.techwhack.com/339/251...going-sify-way/

i found this article on this forum! i think its a summary of what already has been disscussed over here about reliance

what say guyz ???

[Saurav 22]

Cable operators can never provide services equivalent to wht we expect from a company.

With cable operators and GPAX operators reliance will ruin its remaining image.

[abhay 0]

with BSNL/MTNL not opening their network for last mile access the only options left avaliable for them is

1) cable operators

2) self made last mile connectivity (which is very diff considering the size and physical diversity in india)

3) wireless

EDIT

here something more to debate on

Reliance Infocomm wooing cable operators to push fixed telephony & broadband

For Anil Ambani, it has been the hardest part of the game. The last mile, crucial for offering triple play services, has so far been elusive.

Now, Ambani has come out with a concrete offer to cable operators. His aim is to push fixed telephony and broadband services with their assistance.

Reliance Infocomm is offering cable operators a 10 per cent margin on gross revenues from data and voice services, sources say. The billing will be handled by Reliance. The telecom company has also promised to invest in the infrastructure, which will include digital loop carriers (DLC), home switches, and Cat 5 cable.

DLC, which is a junction box through which Reliance will push Cat 5 cable, will be installed for every 200 customers of telephony and around 42 customers of broadband Internet. Reliance Infocomm will put in the entire investments.

There is a catch, though. Cable operators will have to put in Rs 100,000 as security deposit for each DLC. And they will not be given any interest on these deposits. "We are making all the investments. We just need a commitment from cable operators," a source in the company said.

Cable operators, however, are not fully convinced. "Why should we set aside Rs 100,000 for every DLC? We are, after all, going to bring them the customers. Besides, we offer cable Internet on our own," a last mile operator said.

Cable operators also fear that Reliance will be competing with them as it plans to launch direct-to-home (DTH) television and video services.

Still, for his latest initiative, Ambani has carefully kept video services out of the game so far. He does not want the cable operators to feel that he is entering their turf and could snatch their business away.

Ambani's sales pitch: cable operators can build in an additional revenue stream. "Cable operators can make money from telephony and broadband in addition to their offering of cable TV services," says the source.

The big question is: will cable operators bite the bait?

http://www.indiantelevision.com/headlines/.../dec/dec226.htm

Edited December 25, 2005 by abhay

[Greens 21]

What about wireless broadband with EVDO?

It will be quite succesfull at low cost.....

[linuxguy 0]

CTOs are going to ruin RIL's image lest RIL resorts to some serious arm-twisting tactics.

[abhay 0]

Anil may bring all telecos under RCVL

The Anil Ambani group is considering a major restructuring of the promoter stakes in its three major telecom companies in an attempt to reduce multiple shareholding and unveil a clearer holding structure, top industry sources said.

The proposal, which is being seriously studied in the group, is expected to give Reliance Communication Ventures (RCVL), the soon-to-be-listed telecom holding company, full ownership of the telecom assets of the group, industry sources said.

RCVL now has different stakes in Reliance Infocomm, (RIC), Reliance Communications Infrastructure (RCIL) and Reliance Telecom (RTL), the sources added. The complex structure was a legacy of the period when the undivided RIL began implementing its telecom plans and formed three different companies for key activities.

After the June ’05 family settlement between the two Ambani brothers, the stakes in the telecom companies held by RIL were handed over to RCVL, the holding company formed by the Anil Dhirubhai Ambani Enterprises (ADAE).

In Infocomm, the main CDMA operating company, RCVL has 45% stake directly, while RCIL holds 45%. In RTL, the main GSM cellular service provider, it holds 36%.

In RCIL, which installs and operates the optic fibre backbone and is also a holding company, RCVL owns 45%.

The Anil Ambani family is the other major shareholder in all the three. It (Anil Ambani family) thus has 10% in Infocomm, 64% in GSM operator RTL and 55% in RCIL.

Industry sources said that the Anil Ambani group now plans to consolidate complete ownership of the three companies in RCVL, the Anil Ambani-owned holding company. “The gameplan is to bring the family holding in the three under the umbrella of RCVL through some appropriate structure,” the sources added. RCVL is thus expected to get 100% ownership of the three companies.

An Anil Ambani group spokesperson declined comment on the issue. But sources added that the plan is likely to be implemented over the next two to three months. A public announcement is likely before that, they added.

The Anil Ambani family, which will transfer its stakes, is likely to be compensated through a higher shareholding in RCVL. The family now owns about 38% in RCVL. The rest will eventually be held by RIL shareholders once the demerger process is completed on January 25.

The proposal is also being studied with a view to spark off the interest of funds and retail investors in RCVL, the shares which are expected to be listed over the next month or so. Under the existing structure, not only is RCVL a holding company with no operations, it also does not have full ownership of any of the three companies.

Industry sources said that some investors could worry that the group may be considering a separate listing for Reliance Infocomm as is being widely speculated. If that were to happen, investor interest in RCVL, which derives much of its value from its holding in Infocomm, would be affected.

To avoid such a possibility, the ADAE group has proposed this structure. An RCVL investor would get full exposure to all the telecom assets and the Anil Ambani family would also benefit from a higher stake in the listed entity, the sources added.

http://economictimes.indiatimes.com/articleshow/1354513.cms

Edited January 2, 2006 by abhay

[linuxguy 0]

great! Hopefully we will see some good offers from all companies...