Member access

4-Traders Homepage  >  Shares  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Reliance Communications Ltd    RCOM   INE330H01018

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Reliance Communications Ltd. : Reliance Communications Names Gurdeep Singh President, CEO For Wireless Business

05/30/2012 | 06:08am US/Eastern
Recommend:
0

Reliance Communications Ltd. (532712.BY) Wednesday named the former operating chief of Aircel Ltd., Gurdeep Singh, as the president and chief executive of its wireless business.

The division was previously headed by Syed Safawi, who left the Indian mobile-phone operator in February when his contract as the president of the company's largest arm wasn't renewed.

Singh will also be a member of Reliance Communications' management board, the flagship company of the Reliance Group, headed by billionaire Anil Ambani, said in a statement. Singh had left Aircel in January.

Singh's appointment comes at a time when Reliance Communication's performance has been under pressure due to intense competition--which kept call charges very low--and high interest costs on the debt it took in 2010 to buy bandwidth and expand network. It has been trying to sell stakes in itself and some units to raise funds to repay debt of more than $6 billion, but hasn't been successful.

-By Dhanya Ann Thoppil, Dow Jones Newswires; +91-9886929464; dhanya.thoppil@dowjones.com

Recommend :
0
React to this article
Latest news on RELIANCE COMMUNICATIONS LT
5d ago RELIANCE COMMUNICATIONS : to Bring Nakamichi Audio Products to North America Via..
5d ago RELIANCE COMMUNICATIONS : Mystery of the missing towers
09/09 RELIANCE COMMUNICATIONS : Mavizon and Reliance Communications, Establish Distrib..
09/02 RELIANCE COMMUNICATIONS : Rcom renovates its mobile banking
08/28 RELIANCE COMMUNICATIONS : Rcom unveils $-based mobile banking services
08/27 RJIL inks tower deal with BSNL
08/27 RELIANCE : Jio and BSNL ink mobile tower sharing deal
08/25 RELIANCE COMMUNICATIONS : Rcom to expand retail reach
08/25 RELIANCE COMMUNICATIONS : Sun finally sets on reliance world
08/22 RELIANCE COMMUNICATIONS : Rcom: turnaround in the offing
Advertisement
Chart
Duration : Period :
Reliance Communications Lt Technical Analysis Chart | RCOM | INE330H01018 | 4-Traders
Income Statement Evolution
Reliance Communications Lt : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF