Reliance Communications [Get Quote] plans to list its global arm Reliance Globalcomm on the London Stock Exchange, company's Chairman Anil Ambani said on Wednesday.

He indicated that the listing will be subject to market conditions and if the company can get good value.

Ambani also said he was bullish about the proposed IPO of Reliance Infratel, the company subsidiary that owns the passive infrastructure of telecom business, as the valuations are going northward.

The company has already diluted five per cent equity to global investors and will offer another 10 per cent to the public. It has already filed draft prospectus with the regulator and awaiting the approval.

He indicated the company will float the issue after the market sentiment improved.

Ambani unveiled plans for the launch of its DTH foray. "The DTH (Direct-To-Home) service will be known as Big TV and is already in market catering to 35,000 customers. The commercial launch of the service will take place shortly," he said.