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People Movement
Shamik Das to head Rcom’s wireless division
TT Correspondent |  |  02 Feb 2012

The new structure will enable a "leaner and flatter" organization, strengthening its customer facing activities such as sales, distribution and customer service, it added. Analysts say the move is designed to save costs.

 

Reliance Communications' performance has been under pressure due to intense competition--which kept call charges very low--and high interest costs on the debt it took in 2010 to buy bandwidth and expand network. It has been trying to sell stakes in itself and some of its units to raise funds to repay debt of over $6 billion but hasn't been successful.

 

Apart from operational pressures, the group came under a cloud when one of Reliance Communications' units, Reliance Telecom Ltd., along with some of its executives, were charged with having benefited from so-called irregularities in the grant of telecom licenses and bandwidth in 2007-08. Reliance Telecom and its three executives are under trial and have pleaded not guilty.

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02 Feb 2012(IST)  
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