>> Monday, January 5, 2009
Reliance is innovative isn’t it? Or are they laying a trap for their customers?
God knows about it.
But the good news for what the stock is a value buy is that the company has got license to operate GSM in 18 different circles in
It is the only telecom company in
Reliance India Mobile has announced bumper offers for GSM subscribers in Mumbai. Reliance will also launch GSM services in 24,000 towns and 6,00,000 villages in 18 circles across
If they start so they can beat Airtel in its market share.
At present the leading company’s in
Other factors by which RCom will benefit –
- Telecom story is still intact. New subscriber numbers are still encouraging.
- It entered into lucrative IT space by announcing Reliance Technology Services- another growth opportunity.
- Arrival of BIG TV a profitable business.
- Reliance Communications will list its global arm “Globalcom” as a separate entity.
- It will list tower business (Reliance Infratel) within a short period of time. Both the above listings will unlock value in this communications giant.
- Broadband usage will increase in the coming years.
I term this scrip as a value buy at 200 – 210 levels and would love to keep for long term of 18 – 24 months.
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