Reliance Communications, the country's fourth-biggest mobile phone operator, is reportedly planning to reduce its debt to under Rs 20,000 crore in the next two years. As on August 2014, the company had a debt of Rs 35,500 crore. Further, the company is also planning to participate in spectrum auctions when they come up next year, to be able to launch fourth-generation (4G) telecommunications services in the country.
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.
