RELIANCE THE SEQUEL

Article Abstract:

The Reliance group has worked out investment plans of Rs30,000 crore in the next five-six years in new businesses like telecom, power and transportation. It plans to tie-up 10,000 mw of power by 2005. In the sector of telecom, Reliance has acquired the licences for basic services in Gujarat and 7 cellular telephony licences in eastern and central India. Reliance plans to construct a 3000 km oil pipeline from Jamnagar to Hyderabad, several road projects, a few water supply projects and at least three ports. In agriculture, Reliance has taken over 3000 acres on a long-term lease in Madhya Pradesh which it plans to cultivate with hi-tech inputs. It is also negotiating for similar land deals in Karnataka, Goa and Gujarat. (khr)

Comment:

The Reliance group has worked out investment plans of Rs30,000 crore in the next five-six years in new businesses like telecom, power and transportation.

Strategy & planning, Financial management, India, Reliance

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Italian government leaves stern message for Deutsche

Article Abstract:

There is considerable political opposition in Italy to the planned merger of Deutsche Telekom and Telecom Italia. In particular, Italian politicians would be unwilling to agree to a deal in which the new concern would be controlled by German law. There is also concern among Italian politicians about the speed at which Deutsche Telekom will be privatized. If the government prevents the merger, as seems likely, Telecom Italia will have to fend off the hostile bid from Olivetti.

Planning, Deutsche Telekom AG, Telecom Italia S.p.A.

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Swisscom IPO biggest this year

Article Abstract:

The Swiss government is to sell its 49.9% share in national telecoms provider Swisscom. The IPO (initial public offering), which is likely to be launched in September, is expected to generate $6.5 billion. The deal is Europe's largest in 1998 and it ranks tops in Swiss history. Swiss retail investors are to be given priority.

Switzerland, Securities, Privatization, Privatization (Business), Swisscom AG

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