Business Blog -Net Catalogue

As per statistics made available on April 22, 2009, Indian telecom industry clocked the highest subscriber addition in a month by adding 15.87 million subscribers in March, 2009. The authorities said that the entry of new players in the telecom sector along with Reliance Communications (R Com) starting its GSM services, pushed India to create record for subscriber addition in a month. It is worth mentioning in this regard that India set a world record in January 2009 by adding 15 million subscribers, the highest ever monthly addition in any country.
The latest data released by the Telecom Regulatory Authority of India (TRAI) showed that while the wireless (GSM, CDMA and fixed WLL) segment witnessed the addition of 15.64 million users, the wireline segment saw an increase for the first time in two years with addition of 2,30,000 to its subscribers base. The fixed wireline segment subscriber base has been on the decline for the past few years, especially in the rural sector, where consumers are opting more for the wireless system.
The wireless subscriber base stood at 391.76 million at the end of March 2009 as compared to 376.12 million in the previous month. The wireless subscriber base grew to 37.96 million as compared to 37.73 million in February 2009. However, on a yearly basis, the wireless segment saw a decline of 3.7 percent from 39.42 subscribers in March 2008.
The additions have also led to an increase in the total teledensity to 36.98 percent at the end of March 2009. It stood at 35.65 percent a month earlier. The broadband penetration in the country also witnessed an increase as the total broadband subscriber base crossed the 6 million mark to reach 6.22 million by the end of March 2009, as compared to 5.85 million by the end of February 2009. With its foray into the GSM space, R Com led subscriber growth in the wireless segment with the addition of 3.02 million subscribers in March 2009 to take its wireless subscriber base to 72.66 million. Bharti Airtel and Vodafone Essar added 2.8 million subscribers each during the month to take their subscriber base to 93.92 million and 68.76 million respectively. Tata Teleservices added about 1.25 million subscribers to clock a total of 35.12 million subscribers.

It seems there is no end to the war between Mukesh Ambani of Reliance Industries Limited (RIL) and his younger sibling – Anil ambani, the promoter of Anil Dhirubhai Ambani Group (ADAG) – both of whom figure prominently in the top 10 of Forbe’s world’s richest people. The most recent spat came on 12th June when Mukesh Ambani’s group has notified both ADAG and MTN, the Johannesburg based South African telecom giant who are in the process of discussion to create one of the biggest telecom service provider with an operating profit of more than $12 billion. It is to be noted that ADAG own Reliance Communications (RCom).

ADAG group alleges that RIL is trying to sabotage the deal with MTN through an agreement in 2006, because that will give Anil Ambani the controlling power of a $75 billion company. On the other hand RIL says that it has every right to be priorly informed about any deal by RCom according to th

In an astonishing feat Anil Ambani, the younger sibling of the famed Ambani brothers and Chairman of Anil Dhirubhai Ambani Group has raised one trillion Rupees in just 5 hours through the public offerings of Reliance Power, an entity that has no real assets as of now but plans to build 13 mega power plants across the country with an installed total capacity of 28,000 mega watts.

The feat is an indication of his ability to create craze for the Reliance tag, a magical gift his father the late Dhirubhai Ambani had. The 30% of the total 228 million shares offered has been earmarked for the retail investors has been over subscribed many times and the 60% kept for the institutional investors have received bids amount 16 time. It is expected that the whole IPO would get oversubscribed many times till it ends on 18th January.

It marks a great personal achievement for the young siblings who has broken away from the main Reliance group in January 2006. Analysts have attributed the success to two main reason.

1) The company belongs to Anil Ambani group which has been giving spledid returns to investors since its inception.

2) Secondly, investors have been attracted to the fact that, for the first time they are getting Rs.20 off in an IPO and also the market is buzzing with whispers that the share prices can go upto Rs. 1000/share from the initial price of Rs.450/share once it get listed on the bourses in the first week of February.

What Rs.1000000000000 means to India

• 7 times the projected health expenditure for the year 2008.
• Rs. 40 billion billion higher than the defence expenditure projectedin 2008
• Rs. 12.26 billion more than the projected income tax receipts in 2007-08.
• 66.24% of India’s fiscal deficit for this financial year.

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