Reliance Communications (RCOM) Announces its Financial Results for the quarter ended June 30, 2009

Reliance Communications's picture

Mumbai, July 31, 2009:Reliance Communications Limited (RCOM) today announced its unaudited consolidated financial results for the quarter ended June 30, 2009.

Highlights of the financial performance for the year are:

Commenting on the results, Mr Anil Dhirubhai Ambani, Chairman, Reliance Communications Limited, said:

"Successful commercial launch of nationwide GSM services and other new initiatives across all our businesses to drive profitable & sustainable growth at Reliance Communications."

Corporate Developments

About Reliance Communications

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of Rs. 64,000 crore (US$ 13.6 billion), cash flows of Rs. 13,000 crore (US$ 2.8 billion), net profit of Rs. 8,400 crore (US$ 1.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 85 million including over 2.2 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 20,000 towns and 500,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 175,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results summary

News Source : Reliance Communications (RCOM) Announces its Financial Results for the quarter ended June 30, 2009
Copy this html code to your website/blog to embed this press release.