Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (114553)	2/26/2002 9:11:54 PM
From: David E. Taylor	Read Replies (2) \| Respond to of 152472

arun: It was $5.3 billion: Still, Reliance, whose telecom business at present is limited to cellular phone services using GSM technology in six provinces besides the northeastern Indian states with a total 334,319 subscribers as of December last year, is pushing ahead with its plans after it outlined its ambition of re-entering the business on a larger scale in June 2000. Faster Data The company acquired 17 new fixed-line phone licenses last year that cover 95 percent of India's population of a billion people. It plans to deploy an advanced variant of CDMA called CDMA2000 1X that will allow users to access information on their mobile phones at speeds 32 times faster than what GSM allows at present. ``For the first time, Indian consumers will have the choice of wide-screen, color-display, feature-rich handsets at attractive prices,'' Mukesh Ambani, vice chairman at Reliance Industries, said in the statement. Separately, Reliance is building a 60,000-kilometer (37,290- mile) fiber optic cable network for voice, data and Internet traffic at a cost of $5.3 billion that will link 115 Indian cities. It had finished 18,000 kilometers by the end of June last year. The network will act as the backbone for the group's domestic and overseas long-distance and cellular phone services. Reliance is also one of the three bidders for the 25 percent stake the government is selling in monopoly overseas phone operator Videsh Sanchar Nigam Ltd. Reliance expects its combined telecommunications businesses to garner part of the country's market for voice and data services, which it has said will be worth $20 billion in five years from $8 billion at present. From a Bloomberg article posted by Ruffian back on 1/10: Message 16889518 David T.