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

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Reliance Communications Talking To 4 Companies To Hand Out $3 Billion Network Management Contract - Source

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02/21/2012 | 06:44am CEST

Reliance Communications Ltd. [532712.BY] is in talks with four companies for a $3 billion contract to manage its mobile phone networks, a person with direct knowledge of the development said Tuesday.

The telecom company, part of the Reliance Group owned by billionaire Anil Ambani, is speaking with L.M. Ericsson Telephone Co. [ERIC], Alcatel-Lucent [ALU] as well as China's ZTE Corp. [ZTCOY] and Huawei Technologies Co., the person told Dow Jones Newswires.

"Reliance Communications plans to finalise the contract in the next month, month-and-a-half," the person said.

Executives at the Indian units of Huawei, ZTE, Alcatel-Lucent and Ericsson couldn't immediately be reached for comment.

Reliance Communications is India's second-largest mobile phone company with more than 150 million subscribers.

--By R. Jai Krishna, Dow Jones Newswires; +91-9967586928; [email protected]

Stocks mentioned in the article : ALCATEL-LUCENT, ZTE Corporation, Reliance Communications Ltd.
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Financials ( INR)
Sales 2017 203 626 M
EBIT 2017 19 792 M
Net income 2017 -2 928 M
Debt 2017 423 022 M
Yield 2017 0,58%
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 2,42x
EV / Sales 2018 2,43x
Capitalization 69 691 M
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Mean consensus UNDERPERFORM
Number of Analysts 14
Average target price 40,4  INR
Spread / Average Target 44%
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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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Sector and Competitors
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