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http://in.rediff.com/money/2004/jan/29ril.htm

Reliance Info sees 8 million users this fiscal

January 29, 2004 17:31 IST

Reliance Infocomm Ltd will notch up a subscriber base of around seven
to eight million by the end of the current fiscal, banking on its
launch of CDMA pre-paid services, even as the telecom entity is
expected to record net profit by March 31, 2004.

"We are planning to launch our CDMA pre-paid cards soon and this will
ramp up subscriber base to around seven to eight million," Reliance
Industries vice chairman and managing director Anil D Ambani told
reporters in Mumbai on Thursday.

The company has been field-testing pre-paid cards for the last couple
of months and was slated to launch the services by mid-January or
early February.

Reliance Infocomm is also planning to launch its broadband-based
services in the country shortly, he said, adding launching fixed
services, apart from a host of new services, were also on the agenda.

However, he did not disclose the date for launching of the pre-paid
services.

Ambani also said the company, which has already posted a cash
break-even, is being projected to record a net profit by March 31,
2004.

He said there was no impact on the license fees and the telecom
business, like other businesses of the company, was "doing well."