Reliance Communications (RCOM) is reportedly planning to invest Rs 160 billion in network expansion in financial year 2007-08. The proceeds will be used to add 23,000 new mobile towers and to launch direct-to-home (DTH) and Wi-Max services. Meanwhile, RCOM is also planning to hive off its business process outsourcing (BPO) division into a separate company. It will reportedly set up an 18-acre special economic zone (SEZ) at the Dhirubhai Ambani Knowledge Centre on the outskirts of Mumbai. The proposed SEZ, for which the company had earlier received the government’s approval, will focus on IT and IT-enabled services.
