Reliance Comm Subscriber base crosses 50 Million

Reliance Communications has announced adding 1.74 Million new mobile subscribers during the month of June 2008. With the 1.74 Mn new mobile customers added in June, the highest ever monthly subscriber addition, Reliance Communications has achieved the unique distinction of being the Worlds youngest and Asia’s 5th mobile operator to serve 50 Million Mobile customers.

“Achievement of 50 Million subscriber base exemplifies the preference of Indian mobile customers to the superior and affordable telephony experience offered by Reliance Communications”, said Mr. S.P. Shukla, President – Personal Business, Reliance Communications. “The encouraging growth trends in the marketplace make us confident of further accelerating the growth momentum and serving the telephony needs of many more million Indians on Reliance Network”, he added.

The company added a record 5 Million subscribers during the First Quarter of fiscal 2008 (April – June), breaking all its previous achievements. Reliance Communications best class, fully IP enabled wireless network covers 20,000 towns and 4.5 lakh Indian villages.

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has net worth in excess of Rs. 55,000 crore (US$ 14 billion), cash flows of Rs. 11,000 crore (US$ 2.8 billion), net profit of Rs. 7,700 crore (US$ 1.9 billion) and zero net debt. Rated among “Asia’s Top 5 Most Valuable Telecom Companies”, Reliance Communications is India’s foremost and truly integrated telecommunications service provider.

The company, with a customer base of over 50.8 million including over 1.5 million individual overseas retail customers, ranks among the Top 10 Asian Telecom companies by number of customers. Reliance Communications corporate clientele includes 1,850 Indian and multinational corporations, and over 250 global carriers.

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