Reliance Communications (RCom) is currently trading at Rs. 145.80, up by 0.60 points or 0.41% from its previous closing of Rs. 145.20 on the BSE.
The scrip opened at Rs. 146.70 and has touched a high and low of Rs. 147.50 and Rs. 144.60 respectively. So far 702540 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 164.45 on 20-Sep-2013 and a 52 week low of Rs. 104.95 on 17-Jun-2013.
Last one week high and low of the scrip stood at Rs. 155.85 and Rs. 141.60 respectively. The current market cap of the company is Rs 10,532.73 crore.
The promoters holding in the company stood at 67.80% while Institutions and Non-Institutions held 20.82% and 11.11% respectively.
Reliance Communications (RCom) is reportedly planning to tie-up with Reliance Jio for a pan-India intra-circle agreement, straddling the 800-MHz and 2,100-MHz bands. At present, both the entities’ alliance is restricted to sharing towers and fibre-optic network.
Following the deal, Reliance Jio, which faces challenges in the 2,300-MHz and 1,800-MHz spectrum bands (these don’t offer subscribers high-speed data indoors), will address this issue by using RCom’s 800-MHz band. Moreover, the intra-circle roaming agreement will also facilitate Reliance Jio roaming rights on RCom’s 2,100-MHz 3G band and offer services on this band.
RCom has five MHz of 800-MHz spectrum in most circles across the country and currently, this spectrum is unused.
Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
