RCom open to acquisitions in India to strengthen presence

Anil Ambani-led Reliance Communications (RCom) today said it was open to acquisitions in the country to grow its presence in the domestic market and would do so at the right opportunity.

“We are open to all opportunities. We are not averse to acquisitions in the domestic market. Let the right opportunity come,” RCom’s President Mahesh Prasad said.

The company said it has crossed the 100-million mark in wireless customers and would explore both acquisition and expansion opportunities to strengthen its foothold in the domestic market.

RCom expects to add another 100 million customers within the next 1,000 days, he said.

The company, however, did not have any immediate plans to expand operations in overseas markets and it would prefer more to focus on consolidating its position in the domestic market, Prasad said.