Reliance Comm adds 1.2 mn subscribes in Mar`07

Reliance Communications added over 1.2 million wireless subscribers in the month of March 2007. The company also maintained its position as India`s second largest wireless operator with a re-verified wireless subscriber base of over 28 million as on Mar. 31 2007.

As on Mar. 31, 2007, Reliance Communications completed re-verification of 85% of its entire wireless subscriber base, in accordance with the industry-wide requirement from the Department of Telecommunications (DoT).

Reliance Communications` ARPU (average revenue per user) is expected to increase 12% as a result of the re-verification exercise, making it one of the top 3 players in India in terms of ARPU, said the company.

Reliance Communications is an integrated telecommunications service provider. It has an aggregate of over 30 million customers across its wireless, wireline, broadband, and national and international long distance businesses.

The shares of the company closed at Rs 397.45, down Rs 0.35, or 0.09%. The total volume of shares traded at the BSE was 1,545,469. (Thursday)