Reliance Communications to spend Rs 1,500 crore on capital expenditure in 2012-13

Telecom Lead India: Reliance Communications will spend Rs 1,500 crore on capital expenditure during FY13 and says that
their future Capex requirements will continue to be met through internal
accruals.

 

The mobile operator has spent Rs 1,499 crore
as Capex for FY12, which the company says is in line with their
guidance of Rs 1,500 crore for FY12 and has been funded through internal accruals.

 

RCOM consolidated revenue stood at Rs. 5,310 crore, as
against Rs. 5,055 crore in Q3, up by 5 percent.

 

The company witnessed strong sales order booking in
Carrier Data business in the fourth quarter, as it booked sales orders of Rs
364 crores in Q4 FY 2011-12.

 

Furthermore, under its Enterprise business, the company
received sales orders of over Rs 350 crores in India, USA and Europe during Q4
FY2011-12.

 

The company claims that its Enterprise service business
continues to win big deals in India. In India, Enterprise business has signed
contracts of over 800 crore and added more than 100 new logos.

 

During the quarter, the company launched a new Ultra Low
Latency (ULL) route on FA-1. This express route, designed with specific end points
at US and UK, offers the lowest Round Trip Delay (RTD) of 65 ms for high
frequency algorithmic trading communities to conduct their transactions
seamlessly and securely.

 

Also, the company claims that it has augmented 320Gbps
capacity each on North and South route & added further 300Gbps capacity
within the Gulf loop to meet the growing demands for capacity.

 

Claiming best service across all the circles, the company
says it met TRAI’s QoS criteria in ALL the 22 circles. TRAI has rated RCOM’s
network as No.1 in 18 out of 22 circles for ‘Lowest Call Drop Rate’ across
operators and also rated amongst Top 3 in 18 out of 22 circles for ‘Best Call
Set-up Success Rate’.

 

Moreover, RCOM paid its FCCB’s worth US$ 1.18 billion
(approximately Rs 5,825 crore) and refinanced it by entering into an agreement
with Industrial and Commercial Bank of China Ltd. (ICBC), China Development
Bank Corporation (CDB) and Export Import Bank of China (EXIM).

 

RCom posts Rs 19,677 crore revenue for FY12

 

Reliance Communications has posted revenue of Rs 5,010
crore for the fourth-quarter FY12, down 33 percent to Rs from Rs 7,475 crore.

 

For the whole year, the company posted Rs. 19,677 crore
revenue for the year ended 31 March 2012, as compared to revenue of Rs 22,431
crore for the year ended 31 March 2011.

 

[email protected]

 

Latest

More like this
Related

TPG Telecom and Optus network sharing deal faces review in Australia

Australia’s competition watchdog, the Australian Competition and Consumer Commission...

Telecoms handle energy costs focusing on sustainability

European telecoms are adopting green initiatives and investing in...

Liberty Global considers selling stake in Swiss telecom unit Sunrise

Liberty Global is exploring the sale of a stake...

Telenor Cyberdefence announces acquisition of Combitech

Telenor Cyberdefence has announced the acquisition of Combitech AS....