Reliance Communications
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It’s nearly two years since Global Cloud Xchange was separated from its Indian owner, and a year since Carl Grivner took over as the new CEO. Alan Burkitt-Gray asks him how it’s going -
Subsea carrier Global Cloud Xchange (GCX) has officially abandoned its plan to build a 20Tbps cable from Europe to India to Singapore.
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Odine Solutions has been selected by Reliance Communications (RCI) for the transformation of its international wholesale voice business.
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Bill Barney, former CEO of Global Cloud Xchange (GCX), has joined the board of Indian hyperscale data centre operator CtrlS, the company announced today.
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In the strongest confirmation of its ambitions to date, Reliance Industrial Investments has sold approximately 135,000 Jio-owned towers and, through Reliance Retail Ventures Limited, has acquired logistics and retail capabilities from the Future Group.
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India’s Supreme Court has said it will not step back from its demand that two major telcos must pay their back taxes of US$13 billion.
Forthcoming events
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Analysts have welcomed Facebook’s US$5.7 billion in the services arm of India’s Reliance Industries.
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Bill Barney left Global Cloud Xchange (GCX) this morning following the company’s emergence from bankruptcy and Rory Cole, the company’s CFO, is now interim CEO.
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The creditors of Reliance Communications (RCom) are likely to take another seven weeks to sell the company’s assets.
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Reliance Jio Infocomm and Bharti Airtel are both reported to have submitted bids for Reliance Communications (RCom) assets.
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Bill Barney has stepped down from his job as CEO of troubled Indian operator Reliance Communications (RCom), so that he has focus on his other task, as head of RCom subsidiary Global Cloud Xchange (GCX).
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Global Cloud Xchange’s bondholders have given the company a further breathing space as it looks for a buyer.
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Indian operator Reliance Jio is to introduce Azure in its data centres, gigabit fibre for customers and a pan-India blockchain network.
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Global Cloud Xchange has received quotes from three vendors for its Eagle cable but won’t let the contract until its future is settled.
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Subsea cable operate Global Cloud Xchange says that 87% of its bondholders are prepared to wait another two weeks for the $350 million that is due to be paid tomorrow.
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The future of Reliance Communications (RCom) is unclear after the troubled group paid off its debt to Ericsson but called off its sale of assets to Reliance Jio.
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Two appeal judges in Mumbai have strongly criticised the lenders to Reliance Communications (RCom) for failing to release funds and for blocking the sale of assets.
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India’s Supreme Court has found Anil Ambani, chairman of Reliance Communications, and two colleagues guilty of contempt. They each have to pay a fine of the equivalent of $140,880 each.
