Rcom Takes Over UK-Based Wimax Operator

The Anil Ambani-controlled Reliance Communications has purchased 90 per cent stake in a UK-based WiMax operator, ''eWave World''. RCom plans to infuse $500 million in eWave to build and acquire WiMax networks in the emerging markets of Asia, Europe, Latin America and Africa. RCom will also utilize this acquisition as a springboard to extend WiMax services to 50 countries by 2012. eWave World is a telecom operator concentrated on wireless telephony services using the WiMax technology standard, especially in emerging geographies. The company has already won WiMax licences in 18-20 countries.