Financial Daily from THE HINDU group of publications
Saturday, May 17, 2003
Financial Daily from THE HINDU group of publications Saturday, May 17, 2003 |
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Corporate
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Announcements Reliance scales down infocomm capex Our Bureau
MUMBAI, May 16 RELIANCE Industries Ltd has revised the estimated capital expenditure for its Infocomm project to Rs 18,000 crore from the earlier estimates of Rs 25,000 crore. ``The revision is attributed to the sharp fall in telecom equipment cost globally,'' the company has said in its annual report for the financial year 2002-03. The company has, however, maintained that the overall scope of the infocomm project has increased in spite of the reduction in capex estimates. According to RIL, it has already put in place a 60,000 km terabit capacity optic fibre network linking 600 cities and towns. The company plans to increase this network to cover 1.16 lakh km connecting 6.4 lakh villages and 2,500 towns and cities. The company recently launched its Reliance IndiaMobile limited mobility services in the first phase of the planned infocomm project. The second phase would initially comprise 100 mbps ethernet links to 5 lakh enterprise buildings, later extended to 100 lakh buildings. The third phase of the infocomm project would initially involve extending ethernet links to 8 crore homes. The company's telecom arm, Reliance Telecom Ltd (RTL), which provides basic and cellular services, has filed for demerger of its basic telephony services in Gujarat, effective March 6, 2003, with the Ahmedabad High Court. RTL, which ``generated cash of over Rs 100 crore'', has plans to expand its operations to Assam and North East circles, the company said. RTL also plans to begin international roaming in all major cities after having begun the national roaming facility with all domestic operators. As part of its research and development projects, RIL's R&D centre is in the process of filing five international patents, the annual report said. Reliance has also entered a research agreement with the Council of Scientific & Industrial Research under the New Millennium Indian Technology Leadership Initiative. Reliance will be offered the first right to the intellectual property rights for commercial development.
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