Rcom to place GSM equipment orders.

Thebullishtrends : Rcom is trading at Rs. 677. A leading CDMA Mobile Services Operator Reliance Communications plans to palce $5.6 bn order for GSM equipment for its 70mn GSM lines, which will start its GSM services soon. In the month of Oct'07 Rcom received Government approval to launch its services on GSM platform for nation wide.