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

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

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05/30/2012 | 12:08pm CET

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

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Financials ( INR)
Sales 2017 218 922 M
EBIT 2017 32 163 M
Net income 2017 4 734 M
Debt 2017 411 897 M
Yield 2017 2,52%
P/E ratio 2017 22,09
P/E ratio 2018 14,77
EV / Sales 2017 2,30x
EV / Sales 2018 2,13x
Capitalization 90 972 M
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Mean consensus UNDERPERFORM
Number of Analysts 17
Average target price 46,7  INR
Spread / Average Target 28%
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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
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