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Date Time:07-01-2009 05:28
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Reliance Globalcom acquires Vanco Group
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Reliance Globalcom, subsidiary of Reliance Communications, has signed an agreement to acquire UK-based global managed network services provider Vanco Group. The acquisition of Vanco would add USD 365 million to the annual revenue of Reliance Globalcom through secure long-term contracts with large enterprise customers. Under the acquisition agreement, Reliance Globalcom will pay USD 76.9 million to acquire Vanco Group free of debt. Reliance Globalcom, through this acquisition, would add nine network management centres to its integrated global service systems and processes. Reliance Globalcom’s sales and channel organisation structure would further enhance its customer delivery capabilities in US, UK, France, Germany, Benelux, Singapore and Australia.
Read more:http://www.telecom.paper.nl/news/article.aspx?id=216377&nr=
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