September 15, 2006
Reliance Looking Beyond Indian broadband space
Anil Ambani doesnt seem to loose his apetitie after lining up major projects competing with Mukesh , as it looks R-DAAG is gonna invest 4,000 cr+ in creating a network of broadband cable spanning china, nepal, maldivies to east africa
The Reliance-Dhirubhai Anil Ambani Group, has plans to bid for mobile licences abroad for providing high-end business process outsourcing services
It has lined up a raft of initiatives to give its telecommunications business a global footprint.
Moreover, the company also plans to take Internet protocol television (IPTV) and other media services to consumers in foreign markets after it launches them in India.
In order to carry these services, the group will set up three broadband cable networks- one from India to China through Nepal, two, an undersea cable between Asia and the US, and three, an extension of its Falcon cable from the Maldives to East Africa. Industry analysts put a USD 1 billion (Rs 4,000 + Crores) price tag to these three cable systems.
The group is also eyeing mobile licences in Kenya, Bhutan and Morocco
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