Friday, February 13, 2009

Reliance Communication - A Jewel in the Mud

Reliance communication announced today its GSM subscriber stats, and they got a whooping 5 million addition in their first month. The company is heading towards great highs. In addition to this they have also mentioned that their CDMA subscriber addition very encouraging. Although they have does not disclosed the figures and promised to disclose it soon.

The company had formed a 5 million subscriber in the first month which is itself the biggest record after chinese company in the world. With the startup of GSM service it is believed that the revenues of the company will grow by 75% within a year and hence the bottom line will rose handsomly.