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    Reliance India.
    Pakistan Conflict
    Cla Technology
    PWR Dilution

    Reliance : India's largest business house
    Reliance Group, with interests in textiles, petrochemicals, petroleum, oil and gas, financial services, insurance, power, telecom and infocom, is India's largest business house with total sales of Rs 62,000 crore (US$ 13.2 billion), net profits of Rs 4,400 crore (US$ 950 million) and cash flow of over Rs 6,800 crore (US$ 1.5 billion)


    The Group has total assets of Rs 55,000 crore (US$ 11.8 billion) and market capitalization of around Rs 60,000 crore (US$ 12.7 billion)


    Reliance Group was chosen as India's Most Admired Business House in the Taylor Nelson Sofres-Mode (TNS-Mode) survey for 2001, conducted for Business Barons magazine, June 2001


    Reliance Group's leadership position in the Indian economy is reflected in its all-round contribution: 3% of India's GDP; 5% of India's total exports; 9% of the government's indirect tax revenues; 2.3% of the gross capital formation in the country, in the last 5 years
    MANILA, PHILIPPINES | Wednesday, April 3, 2002



    Reliance cable network to link 500 India cities
    BOMBAY -- India's powerful Reliance group has quadrupled to over 500 the number of cities and towns to be linked by the broadbank network it's laying, the Business Standard newspaper said yesterday.

    "Reliance Infocom is in the process of setting up a 60,000-kilometer fiber-optic cable network covering more than 500 cities," an unnamed company executive was cited as saying.

    Originally, Reliance Infocom, the umbrella company for the group's expansion into telecoms and information technology, planned to spend 150 billion rupees (US $3.07 billion) on a project to connect 115 cities via fiber-optic cable.

    Reliance last year increased the investment amount to 250 billion rupees, and said it planned to offer the entire range of telecom services.

    Reliance plans to offer local phone service, limited mobility service called wireless in loop, domestic and international long-distance, and data services.

    But unlike other companies seeking to become integrated telecom service providers in India's newly deregulated telecom market, the Business Standard said Reliance will not franchise any aspect of its operation. "Though the group will have to spend huge funds for setting up its own centres across the country, Reliance Infocom can rake in more revenue because the company will not be sharing its revenue with franchisees," it said.

    It noted rivals like BPL Mobile, Mahanagar Telephone Nigam Ltd. and Bharti Tele-Ventures were offering services through their own outlets and franchisees. "This is aimed at reducing the total capital cost in the initial phase of setting up the infrastructure," the paper said.

    But Reliance, India's largest conglomerate by sales and assets, can apparently afford to fund the cost itself.

    Its two core companies -- Reliance Industries and Reliance Petroleum -- last month announced they were merging, creating one of the world's top 30 energy companies by profits.

    The combined market capitalization of the new entity is about $10 billion, making it the second-most valuable company in India behind Unilever's Indian subsidiary Hindustan Lever Ltd. -- Reuters

    The Pakistan siuationl
    Stalemate at Almaty

    Not unexpectedly, Prime Minister Vajpayee and General Musharraf didn’t have anything to say to each other when they met in Almaty for the Conference on Interaction and Confidence- Building in Asia (CICA).
    However, the two did use the opportunity to reassure the rest of the world that they are not about to go to war, let alone use nuclear weapons in the unlikely event that they do.

    The latter is a myth deliberately propagated by the West in the last three weeks, partly because of Pakistani threats after May 15 and partly because the Pentagon’s and the CIA’s war-gaming has led to this conclusion.

    The truth, though, is that the Pakistanis — whatever their other limitations — are not mad enough to use nuclear weapons. India, of course, has always maintained its no-first-use policy.

    The fault lies in the eyes of the beholders of the South Asian scene, in part because of their own agendas in the region. The hunting down of Messrs bin laden and Omar, not to mention the rest of the al-Quaida, is right at the top of this agenda and the West doesn’t want to be distracted by a silly war over an issue that it doesn’t care about.


    Clarity technology to underpin huge Indian net
    Indian company Reliance Infocom intends to use an operational
    support system (OSS) from Australian developer Clarity International
    as the foundation for a giant trans-India IP backbone. The network will
    use some 60,000 kilometres of fibre cable with terabit capacity to link
    115 Indian cities. Clarity’s OSS will be used to plan, deploy and
    manage the IP backbone, and will be supported by the Australian
    company under ongoing maintenance contracts.
    Reliance Infocom is the communications subsidiary of Reliance
    Industries, which is the largest private sector enterprise in India and
    the country’s first Fortune 500 company.
    A spokesman for Clarity said Reliance InfoCom is spending the
    equivalent of about A$10 billion in its efforts to address the entire
    Indian telecommunications market with a national footprint and
    presence in fixed line, mobile, national long distance and international
    long distance telephony, as well as a full range of data, image and
    value-added services.

    Cla OSS( from cla Bidders statement
    Clarity OSS
    Clarity’s OSS is designed to form the network layer and service layers of an
    integrated OSS.
    Clarity provides support and management that is applicable to Tier 1, Tier 2 and
    Tier 3 service providers in the telecommunications and utilities markets who have
    networks and network technologies such as:
    ?? Fibre copper and broadband;
    ?? Private-services satellite;
    ?? SDH/Sonet and PDH transmission;
    ?? Switched and IN;
    ?? Cellular, Radio and Wireless Local Loop (WLL);
    ?? Fixed line, broadband and Wireless Access Networks (WAN);
    ?? Data – ATM frame relay;
    ?? IP
    ?? ISP and ASP
    ?? Mobile (2G/2.5G/3G).
    CLA Escrow (2years from float)
    Escrow Arrangements
    The following Clarity shareholders agreed upon the public listing of Clarity to
    certain escrow cond itions in relation to their shareholding in Clarity:-
    (i) Powerlan Limited (122,400,000 shares);
    (ii) Focus Information Technology Pty Ltd (57,063,600);
    (iii) Future Software Development Pty Ltd (35,083,680);
    (iv) Other existing shareholders (25,452,720).
    The above shareholding represents 240,000,000 shares which is 74.86% of the
    issued Capital of Clarity.
    The escrow conditions prevent the above shareholders disposing of their
    shareholding in Clarity. This restriction terminates on the date which is 24 months
    after the date of admission of Clarity to the Official List of the ASX. The
    restriction does not preclude such shareholders from accepting a takeover offer
    provided holders of not less than 50% of the remaining shares then on issue have
    accepted the takeover offer.
    Effect on Powerlan’s capital structure if all Clarity Shares and all
    Clarity Options are compulsorily acquired
    Existing Powerlan Shares on issue 402,174,761
    Approximate number of Powerlan Shares issued under Share Offer 65,276,187
    Approximate number of Powerlan Shares issued under Options Offer 810,636
    Approximate total number of Powerlan Shares issued under both Offers 66,086,824
    Approximate fully diluted number of Powerlan Shares on issue after the
    Offers
    468,261,585
    Approximate % increase in Powerlan Shares on issue 16.43%
    However, the Bidder cannot forecast the number of Clarity Shares and
    Clarity Options it will become entitled to acquire under the Offers. The
    following table has been prepared to reflect the effect of various levels of
    acceptance of the Offers on Powerlan in the event that the Bidder waives
    the 90% minimum acceptance condition in both Offers.
    Clarity Optionholders who hold Options with a strike price of $0.0833 may
    receive a commercial benefit in exercising their Options if Powerlan Shares
    trade at a price higher than $0.29. In the event that Clarity Optionholders
    holding Clarity Options with a strike price of $0.0833 exercise their Options
    prior to the expiry of the Options Offer Period, then a further 4,669,394
    Powerlan Shares will be required to be issued under the Options Offer.
    Effect on Powerlan’s capital structure if 90% minimum acceptance
    conditions are waived
    % of Clarity Securities acquired by Bidder (1)
    85% 80% 70% 60% 50%
    Existing Powerlan
    Shares on issue 402,174,761 402,174,761 402,174,761 402,174,761 402,174,761
    Approximate number of
    Powerlan Shares issued
    under the Share Offer 55,484,759 52,220,950 45,693,331 39,165,712 32,638,094
    Approximate number of
    Powerlan Shares issued
    under the Options Offer 689,041 648,509 567,445 486,382 405,318
    Approximate total
    number of Powerlan
    Shares issued under
    both Offers 56,173,800 52,869,459 46,260,777 39,652,094 33,043,412
    Approximate fully
    diluted number of
    Powerlan Shares on
    issue after the Offers 458,348,531 455,044,220 448,435,538 441,826,855 435,218,173
    Approximate increase
    in Powerlan (2) Shares
    on issue (undiluted) 13.97% 13.15% 11.50% 9.86% 8.22%
    (1) Assuming the same % of Clarity Shares and Clarity Options are acquired in each case.
    (2) Rounded to two decimal places








    john
 
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