Anil Ambani, Chairman Reliance Communications (R Com), the flagship
company of the Anil Dhirubhai Ambani Group, has decided to list its
global arm Reliance Globalcomm on the London Stock Exchange.

Mr. Ambani pointed that the listing will be subject to market terms and if the company can get good value.

He
was confident about the planned IPO of Reliance Infratel, the company
subsidiary, which holds the passive infrastructure of telecommunication
business, as the ratings are going northward.
 
The company has
already diluted 5% equity to worldwide investors and will offer another
10% to the public. It has already filed draft prospectus with the
regulator and awaiting the approval.

He pointed that the company will float the issue after improvement in the market outlook.

Mr. Ambani also unveiled plans for the launch of its DTH foray.

“The
DTH (Direct-To-Home) service will be known as Big TV and is already in
market catering to 35,000 customers. The commercial launch of the
service will take place shortly,” he said.

The shares of the
company, on Wednesday, gained 0.9% to settle at Rs 579.75 on the Bombay
Stock Exchange (BSE). The share price has seen a 52-week high of Rs 844
and a low of Rs 447 on BSE.