Reliance India. Pakistan Conflict Cla Technology PWR Dilution
Reliance : India's largest business house Reliance Group, with interests in textiles, petrochemicals, petroleum, oil and gas, financial services, insurance, power, telecom and infocom, is India's largest business house with total sales of Rs 62,000 crore (US$ 13.2 billion), net profits of Rs 4,400 crore (US$ 950 million) and cash flow of over Rs 6,800 crore (US$ 1.5 billion)
The Group has total assets of Rs 55,000 crore (US$ 11.8 billion) and market capitalization of around Rs 60,000 crore (US$ 12.7 billion)
Reliance Group was chosen as India's Most Admired Business House in the Taylor Nelson Sofres-Mode (TNS-Mode) survey for 2001, conducted for Business Barons magazine, June 2001
Reliance Group's leadership position in the Indian economy is reflected in its all-round contribution: 3% of India's GDP; 5% of India's total exports; 9% of the government's indirect tax revenues; 2.3% of the gross capital formation in the country, in the last 5 years MANILA, PHILIPPINES | Wednesday, April 3, 2002
Reliance cable network to link 500 India cities BOMBAY -- India's powerful Reliance group has quadrupled to over 500 the number of cities and towns to be linked by the broadbank network it's laying, the Business Standard newspaper said yesterday.
"Reliance Infocom is in the process of setting up a 60,000-kilometer fiber-optic cable network covering more than 500 cities," an unnamed company executive was cited as saying.
Originally, Reliance Infocom, the umbrella company for the group's expansion into telecoms and information technology, planned to spend 150 billion rupees (US $3.07 billion) on a project to connect 115 cities via fiber-optic cable.
Reliance last year increased the investment amount to 250 billion rupees, and said it planned to offer the entire range of telecom services.
Reliance plans to offer local phone service, limited mobility service called wireless in loop, domestic and international long-distance, and data services.
But unlike other companies seeking to become integrated telecom service providers in India's newly deregulated telecom market, the Business Standard said Reliance will not franchise any aspect of its operation. "Though the group will have to spend huge funds for setting up its own centres across the country, Reliance Infocom can rake in more revenue because the company will not be sharing its revenue with franchisees," it said.
It noted rivals like BPL Mobile, Mahanagar Telephone Nigam Ltd. and Bharti Tele-Ventures were offering services through their own outlets and franchisees. "This is aimed at reducing the total capital cost in the initial phase of setting up the infrastructure," the paper said.
But Reliance, India's largest conglomerate by sales and assets, can apparently afford to fund the cost itself.
Its two core companies -- Reliance Industries and Reliance Petroleum -- last month announced they were merging, creating one of the world's top 30 energy companies by profits.
The combined market capitalization of the new entity is about $10 billion, making it the second-most valuable company in India behind Unilever's Indian subsidiary Hindustan Lever Ltd. -- Reuters
The Pakistan siuationl Stalemate at Almaty
Not unexpectedly, Prime Minister Vajpayee and General Musharraf didn’t have anything to say to each other when they met in Almaty for the Conference on Interaction and Confidence- Building in Asia (CICA). However, the two did use the opportunity to reassure the rest of the world that they are not about to go to war, let alone use nuclear weapons in the unlikely event that they do.
The latter is a myth deliberately propagated by the West in the last three weeks, partly because of Pakistani threats after May 15 and partly because the Pentagon’s and the CIA’s war-gaming has led to this conclusion.
The truth, though, is that the Pakistanis — whatever their other limitations — are not mad enough to use nuclear weapons. India, of course, has always maintained its no-first-use policy.
The fault lies in the eyes of the beholders of the South Asian scene, in part because of their own agendas in the region. The hunting down of Messrs bin laden and Omar, not to mention the rest of the al-Quaida, is right at the top of this agenda and the West doesn’t want to be distracted by a silly war over an issue that it doesn’t care about.
Clarity technology to underpin huge Indian net Indian company Reliance Infocom intends to use an operational support system (OSS) from Australian developer Clarity International as the foundation for a giant trans-India IP backbone. The network will use some 60,000 kilometres of fibre cable with terabit capacity to link 115 Indian cities. Clarity’s OSS will be used to plan, deploy and manage the IP backbone, and will be supported by the Australian company under ongoing maintenance contracts. Reliance Infocom is the communications subsidiary of Reliance Industries, which is the largest private sector enterprise in India and the country’s first Fortune 500 company. A spokesman for Clarity said Reliance InfoCom is spending the equivalent of about A$10 billion in its efforts to address the entire Indian telecommunications market with a national footprint and presence in fixed line, mobile, national long distance and international long distance telephony, as well as a full range of data, image and value-added services.
Cla OSS( from cla Bidders statement Clarity OSS Clarity’s OSS is designed to form the network layer and service layers of an integrated OSS. Clarity provides support and management that is applicable to Tier 1, Tier 2 and Tier 3 service providers in the telecommunications and utilities markets who have networks and network technologies such as: ?? Fibre copper and broadband; ?? Private-services satellite; ?? SDH/Sonet and PDH transmission; ?? Switched and IN; ?? Cellular, Radio and Wireless Local Loop (WLL); ?? Fixed line, broadband and Wireless Access Networks (WAN); ?? Data – ATM frame relay; ?? IP ?? ISP and ASP ?? Mobile (2G/2.5G/3G). CLA Escrow (2years from float) Escrow Arrangements The following Clarity shareholders agreed upon the public listing of Clarity to certain escrow cond itions in relation to their shareholding in Clarity:- (i) Powerlan Limited (122,400,000 shares); (ii) Focus Information Technology Pty Ltd (57,063,600); (iii) Future Software Development Pty Ltd (35,083,680); (iv) Other existing shareholders (25,452,720). The above shareholding represents 240,000,000 shares which is 74.86% of the issued Capital of Clarity. The escrow conditions prevent the above shareholders disposing of their shareholding in Clarity. This restriction terminates on the date which is 24 months after the date of admission of Clarity to the Official List of the ASX. The restriction does not preclude such shareholders from accepting a takeover offer provided holders of not less than 50% of the remaining shares then on issue have accepted the takeover offer. Effect on Powerlan’s capital structure if all Clarity Shares and all Clarity Options are compulsorily acquired Existing Powerlan Shares on issue 402,174,761 Approximate number of Powerlan Shares issued under Share Offer 65,276,187 Approximate number of Powerlan Shares issued under Options Offer 810,636 Approximate total number of Powerlan Shares issued under both Offers 66,086,824 Approximate fully diluted number of Powerlan Shares on issue after the Offers 468,261,585 Approximate % increase in Powerlan Shares on issue 16.43% However, the Bidder cannot forecast the number of Clarity Shares and Clarity Options it will become entitled to acquire under the Offers. The following table has been prepared to reflect the effect of various levels of acceptance of the Offers on Powerlan in the event that the Bidder waives the 90% minimum acceptance condition in both Offers. Clarity Optionholders who hold Options with a strike price of $0.0833 may receive a commercial benefit in exercising their Options if Powerlan Shares trade at a price higher than $0.29. In the event that Clarity Optionholders holding Clarity Options with a strike price of $0.0833 exercise their Options prior to the expiry of the Options Offer Period, then a further 4,669,394 Powerlan Shares will be required to be issued under the Options Offer. Effect on Powerlan’s capital structure if 90% minimum acceptance conditions are waived % of Clarity Securities acquired by Bidder (1) 85% 80% 70% 60% 50% Existing Powerlan Shares on issue 402,174,761 402,174,761 402,174,761 402,174,761 402,174,761 Approximate number of Powerlan Shares issued under the Share Offer 55,484,759 52,220,950 45,693,331 39,165,712 32,638,094 Approximate number of Powerlan Shares issued under the Options Offer 689,041 648,509 567,445 486,382 405,318 Approximate total number of Powerlan Shares issued under both Offers 56,173,800 52,869,459 46,260,777 39,652,094 33,043,412 Approximate fully diluted number of Powerlan Shares on issue after the Offers 458,348,531 455,044,220 448,435,538 441,826,855 435,218,173 Approximate increase in Powerlan (2) Shares on issue (undiluted) 13.97% 13.15% 11.50% 9.86% 8.22% (1) Assuming the same % of Clarity Shares and Clarity Options are acquired in each case. (2) Rounded to two decimal places
john
PWR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
