Reliance Communications slashes ILD rates up to 66 per cent

19 July 2006

Reliance customers can now call all numbers in the US, Canada and South East Asia at Rs4.50 per minute while calls to the UK — landline and mobile — will cost Rs6 and Rs8 per minute, respectively. Calls to Gulf countries will cost Rs8 per minute while calls to Australia and New Zealand will cost Rs6, down from Rs18 earlier.

Announcing the latest ILD tariff structure, S P Shukla, president, wireless, Reliance Communications, said, "We are committed to offer convenient and affordable connectivity solutions to our many million customers. Be it the industry's first 'One Nation' plan or the revolutionary on-net plans, Innovative domestic and overseas tariffs have been Reliance Communications' key growth driver."

Reliance Communications also claimed the new tariffs are amongst the lowest in the country.

Reliance communications will in due course come under Anil Dhirubhai Ambani Group's Reliance Communications Ventures Ltd (RCVL), which will be the holding company for all the infocomm companies in the group — Reliance Infocomm Ltd (RIC), Reliance Communication Infrastructure Ltd (RCIL), Reliance Telecom Ltd (RTL) and Flag Telecom.

RCVL will have an equity share capital of Rs611 crore ($140 million) and will be listed in due course. RCVL will hold a 65.9-per cent stake in RIC, and 35.2 per cent in RTL.