Stock market analysts have suggested investors to sell Reliance Communications Limited (RCom) stock as there are full chances of a downward trend in this stock.

Today, the stock opened weak at Rs 365, against its last closure at Rs 369.35 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 10.16 and 35.94 respectively. The share price has seen a 52-week high of Rs 844 and a low of Rs 325 on BSE. 

Tulip Telecom Ltd has informed that it has been awarded a contract worth Rs. 950 million by Madhya Pradesh State Electronics Development Corporation Ltd. 

As per the order, Tulip Telecom will build a state-wide area network on the Build, Own, Operate & Transfer (BOOT) basis.

According to the sources, the proposed network, for a duration of 5 years, supports data, voice and video, and will facilitate the State to implement various e-Governance initiatives.

Recently, Reliance Communications made the announcement that the company is investing around USD 3 billion for their upcoming GSM operations in the Indian market.

Reliance Communications along with Research in Motion (RIM) has launched the country's first prepaid Blackberry services on both GSM and CDMA models.

State-run BSNL has decided to expand its broadband connectivity in the rural areas of country. It would provide high speed internet connection to about 1.48 lakh extra villages of India in the next six months. The state run telecom giant is currently providing broadband connectivity to 30000 villages. The company has set a target to connect all district headquarters and blocks with broadband connectivity by March 2009. It hopes to implement its plan by the end of March 2009.

The government will implement its plan soon after the allocation of spectrum.

Subex Limited, a provider of operations and business support systems, has announced the launch of RapidRM Mobile Solution for cellular phone service operators.

RapidRM is a compact revenue management solution to help growing operators rapidly develop revenue management capabilities and realize immediate return on investment (ROI).

According to the company, the newly launched solution will not only assist operators to rapidly achieve superior revenue management capabilities, but also earn immediate ROI, via quick automation of revenue assurance and fraud management processes.