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RCom Q2 net at Rs 252 cr

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Voice&Data Bureau
New Update

Reliance Communications (RCom) has posted a net profit of Rs.252 crore in Q2 2011. RCom has registered a consolidated revenue of Rs. 5,040 crore in the second quarter 2011, up by 2 per cent, as against Rs.4.940 crore in the previous quarter. But there has been a dip by 43.50 % as compared to the corresponding quarter in the last year, 2010. The wireless revenue has clocked a revenue of Rs. 1,176 crore in Q2 2011 as against the Rs.1,173 crore in the previous quarter.

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Global Enterprise Business Unit (GEBU) revenue has risen from Rs.2,292 crore in the previous quarter to Rs,2,335 crore in Q2 2011.Growth has been led by higher sales in Middle East in Carrier segment and India Enterprise business, reported RCom.

RCom continues to have a positive free cash flow. RCom generated operational cash flow (EBITDA) of Rs. 1,605 crore in this quarter. Post payment of 3G auction fees and with peak capex behind us, this is the first full year of positive free cash flow (FCF) for the company and this trend will continue in succeeding years.

Reliance Communications bags the largest order for outsourced Data Center facility in India for Rs.1,400 crore: RCom has signed a deal for building and maintaining a data center for HDFC Bank. The deal is the largest outsourced deal in this sector and would span a period of 15 years. The Data Center will house equipment possessing highest computing power in the industry in India. Reliance is proposing to build a new facility, creating space of over 350,000 sq ft. The phase I of 100,000 sq ft will be ready in 12 months and complete Data Center would be ready in 24 months. This would also be the new Cloud Computing Center.

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Reliance Globalcom has added 400 GB of capacity on Europe—Gulf route. It has upgraded capacity on Flag Europe Asia (FEA) and FALCON Cable Systems to over 500 GB. The 400% upgrade in the undersea FEA cable system capacity.

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