Reliance Communications (RCOM) is planning to participate in the next round of spectrum auctions to launch 4G services in the country. The telecom operator currently offers 2G and 3G services in many circles and the deployment of 4G services will ensure that its customers get all types of telecom services.
RCOM is also planning to invest about Rs 10-15 billion in a year as capital expenditure. It further plans to reduce its debt below Rs 200 billion by the end of 2016. The company?s debt stood at about Rs 350 billion as of end-August 2014.
As part of its deleveraging balance sheet plans, RCOM intends to monetise its non-core businesses including direct-to-home (DTH) services and real estate. The operator is looking to raise fund through sale of land assets, including those in Mumbai and Delhi.
