MoneyWorks4Me

RCom to exit telecom business completely to focus on realty

18 Sep 2018 Evaluate

Reliance Communications (RCom) will be completely exiting the telecom business to concentrate on real estate in future. The company is credited for democratising telecom services through cheaper offers in early 2000s and the first priority of the company is to resolve its over Rs 40,000 crore debt. Reliance Realty will be the engine of growth for the future of this company.

Rcom is India’s foremost and truly integrated telecommunications service provider.


Peers
Company Name CMP
Bharti Airtel 1841.85
Vodafone Idea 14.29
Indus Towers 381.20
Tata Communications 1775.10
Railtel Corp. India 258.95
View more..