Such
is the lure of the Indian telecom sector that the world’s leading telecom companies are trying hard to become a part of this success story. While Vodafone has already acquired a controlling stake of 67% in India’s Hutchison- Essar for $11 billion, other players, like British Telecom and AT&T, have acquired National Long Distance and International Long Distance licences in India. The success of the Indian telecom sector is now also being recognised in the global telecom industry. Recently, while Bharti-Airtel became the first operator in India to enter the Global Top 10 telecom service provider list with a total subscriber base of 40 million (interestingly, 5.3 million of these subscribers were added in the month of May, 2007 alone), Reliance Communication (RCOM), on the other hand, is all set to spread its wings in both CDMA and GSM segment.
RCOM is not only ramping up its subscriber base at an impressive pace, it is also creating unparalleled value for its shareholders. The scrip has posted a signify cant increase from Rs.267 as on May 31, 2006, to Rs.505.05 on May 31, 2007. Apart from this, RCOM’s financial results also make it the fastest growing telecom company in India. The year 2006-07 saw RCOM book profits worth $734 million, an increase of 612%, when compared to the previous year.
Apart from heavy capital expenditure plans announced by the behemoths like Bharti-Airtel in 2007, the next line of growth in the telecom sector seems to be coming from smaller players like Idea and Spice Cellular. Though the sector is already witnessing notable performance from all verticals, the expansion of the smaller players would act as a propellant in making India the largest telecom market; ahead of US and China.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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is the lure of the Indian telecom sector that the world’s leading telecom companies are trying hard to become a part of this success story. While Vodafone has already acquired a controlling stake of 67% in India’s Hutchison- Essar for $11 billion, other players, like British Telecom and AT&T, have acquired National Long Distance and International Long Distance licences in India. The success of the Indian telecom sector is now also being recognised in the global telecom industry. Recently, while Bharti-Airtel became the first operator in India to enter the Global Top 10 telecom service provider list with a total subscriber base of 40 million (interestingly, 5.3 million of these subscribers were added in the month of May, 2007 alone), Reliance Communication (RCOM), on the other hand, is all set to spread its wings in both CDMA and GSM segment.RCOM is not only ramping up its subscriber base at an impressive pace, it is also creating unparalleled value for its shareholders. The scrip has posted a signify cant increase from Rs.267 as on May 31, 2006, to Rs.505.05 on May 31, 2007. Apart from this, RCOM’s financial results also make it the fastest growing telecom company in India. The year 2006-07 saw RCOM book profits worth $734 million, an increase of 612%, when compared to the previous year.
Apart from heavy capital expenditure plans announced by the behemoths like Bharti-Airtel in 2007, the next line of growth in the telecom sector seems to be coming from smaller players like Idea and Spice Cellular. Though the sector is already witnessing notable performance from all verticals, the expansion of the smaller players would act as a propellant in making India the largest telecom market; ahead of US and China.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
http://iipminstitute.blogonfly.com/
http://sonu-site.supersized.org/
http://surendersingh.bloggoing.com/
http://sonusingh.alfablog.com/
http://www.journalhome.com/iipmblog
http://aboutiipm.egoweblog.com/
http://sonuright.mbablogs.businessweek.com/
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