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.
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India’s company court has deferred hearing Reliance Communications’ bankruptcy plans until 6 March because of an objection by Ericsson.
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Reliance Communications (RCom) says it wants to see a “strategic monetisation” of Global Cloud Xchange (GCX) and other assets via India’s company court.
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Troubled Indian operator Reliance Communications (RCom) has abandoned efforts to resolve its debt and has put its future in the hands of the country’s main company court.
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Troubled Indian operation Reliance Communications (RCom) has made a part-payment of 1.31 billion rupees ($18.8 million) to Ericsson as their dispute escalated.
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The fight for the future of Reliance Communications (RCom) goes back to the Indian Supreme Court on Monday, with Ericsson asking for the company’s chairman, Anil Ambani, to be jailed for non-payment of a debt of 5.5 billion rupees ($78.9 million).
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The future of Reliance Communications (RCom) and its subsea unit, Global Cloud Xchange (GCX), was thrown into confusion today when India said No to a spectrum deal.
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Indian mobile operator Reliance Jio is to create two new companies for its fibre and tower businesses.
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The Indian Supreme Court has stepped in to give Reliance Communications (RCom) the go-ahead for the next stage of its sell-off.
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India’s telecoms tribunal handed a possible lifeline to Reliance Communications (RCom) this morning by allowing it to sell spectrum in order to release funds for two debtors.
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Reliance Communications will focus on real estate alone once it has exited the telecoms industry, the company chairman said today.
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Reliance Communications hopes to complete its exit from India’s wireless market next week, but the company is still working on a sale of its subsea, enterprise and data-centre business.
