Reliance aims to consolidate domestic market (India)

www.WirelessFederation.com/news: Reliance communications has announced its interest in acquisitions in India as a part of its strategy to grow its presence in the domestic market. It has also been announced that the company is just waiting for the right time.

The announcement was made after the company attained the landmark of 100-million mobile subscribers after which the company also expressed its desire to explore both organic and inorganic opportunities to strengthen its foothold in the domestic market.

However, no immediate plans to expand operations in overseas markets have been divulged by the telco, as it prefer more to focus on consolidating its position in the domestic market.

According to Reliance Communications’ President, Mahesh Prasad, the Indian market is very vast and dynamic and there are huge opportunities here and as of now, Reliance is not thinking much about overseas plans but it is not averse to any opportunities either.