Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/30/2012 | 12:08pm CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RELIANCE COMMUNICATIONS LT
08/15 RELIANCE COMMUNICATIONS : Nclt admits rcom-aircel mega merger petition
08/10 Bharti, vodafone top list of towers exceeding radiation limit
08/04 RELIANCE COMMUNICATIONS : Nclt to rule on merger of rcom, aircel on aug 10
08/03 RELIANCE COMMUNICATIONS : RCom tanks 6% on back of proposed merger with RCom-Air..
08/03 RCOM, AIRCEL DEAL AFTER SC NOD : DoT
08/01 RELIANCE COMMUNICATIONS : Close to sealing sistema deal
07/31 RELIANCE COMMUNICATIONS : Rcom-aircel deal on sticky wicket
07/31 RELIANCE COMMUNICATIONS : DoT introduces new hurdle for RCOM/Aircel merger
07/31 RELIANCE COMMUNICATIONS : Rcom clears barrier in sistema merger
07/28 RELIANCE COMMUNICATIONS : Rcom seeks time for tower business sale, aircel merger
More news
Financials ( INR)
Sales 2018 173 940 M
EBIT 2018 -3 029 M
Net income 2018 -20 658 M
Debt 2018 448 020 M
Yield 2018 0,60%
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 2,91x
EV / Sales 2019 3,14x
Capitalization 57 744 M
Chart RELIANCE COMMUNICATIONS LT
Duration : Period :
Reliance Communications Lt Technical Analysis Chart | RCOM | INE330H01018 | 4-Traders
Technical analysis trends RELIANCE COMMUNICATIONS LT
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 8
Average target price 27,9  INR
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Gurdeep Singh Co-Chief Executive Officer
William L. Barney Co-Chief Executive Officer
Anil Dhirubhai Ambani Chairman
Manikantan Iyer Chief Financial Officer
Deepak Haridev Shourie Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
RELIANCE COMMUNICATIONS LTD-31.62%901
BHARTI AIRTEL LIMITED33.60%25 967
MTN GROUP LIMITED-0.40%17 991
SAFARICOM LIMITED--.--%9 322
DIGI.COM BHD--.--%8 742
TURKCELL ILETISIM HIZMETLERI A.S.--.--%8 005