Shares of Reliance Communications (RCom), part of Anil Dhirubhai Ambani Group, gained nearly two per cent during the early trade on Bombay Stock Exchange (BSE) today, following the acquirement of a cable TV service provider.

RCom got hold of India's biggest cable TV service provider, Digicable, in an all-stock deal on July 01.

Scrips of RCom zoomed 1.92% to a high of Rs 196 on BSE, whereas on National Stock Exchange, it surged 0.91% to Rs 194.

The company's directors sanctioned the plan for the acquisition of Digicable without revealing the value of the deal.

RCom is the country's truly integrated telecom service supplier. It owns a customer base of 105 million comprising more than 2.5 million individual overseas retail clients.

RCom is ranked among the Top 5 Telecom companies in the world by number of customers in a single country.

The company's business clientele comprises 2,100 Indian and MNCs and more than 800 global, regional and domestic carriers. (With Inputs from Agencies)