TIL Desk/Business/Mumbai/ The “new” Reliance Communications (RCOM) will be “capex light” and emerge as India’s largest B2B (business-to-business) entity that is “focussed on the global and enterprise business”, according to Reliance Group Chairman Anil Ambani. It will also have a “strong strategic partner coming in the next few months”, Ambani said in a wide-ranging interview.
“New RCOM will be stronger and be India’s largest B2B business. It is capex light and we are very conservatively structured… The IDC (international data centres) business is set to explode. There is huge opportunity — and as opportunity for India grows with $400 billion in reserves and good ratings, we will grow as well,” Ambani said.
“I told DoT (Department of Telecommunications) that I am not quitting telecom, I am exiting the mobile business. We are in Cloud, IoT (Internet of Things), data centres, submarine cables,” said Ambani, who last month achieved full resolution of RCOM’s debt, cutting it by Rs 25,000 crore to Rs 6,000 crore by monetising assets.
RCOM has also signed a definitive agreement with Reliance Jio to sell off its wireless assets — towers, optic fibre cable network, spectrum, and media convergence nodes. Commenting on the mobile business, Ambani said he saw the “tsunami” about to hit the sector in 2015-16 and began a process of consolidation.
