RComm may sell undersea fiber-optic network for $3bn

Reliance Communications is looking to sell its undersea fiber optic network and a related US business, reports CNBC-TV18 quoting sources. The company is hoping to raise about USD 3 billion in cash through the transaction.

The FLAG business, which stands for Fiber-optic Loop Around the Globe, is run by Reliance Globalcom, the company’s overseas arm.
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Reliance Globalcom more into data centre operations

The global unit of India’s Reliance Communications will more than double its data centre operations over the next 18 months, in a bid to compete with world leaders such as ATandT and BT , its CEO said on Wednesday.

Reliance Globalcom is planning to add 1 million square feet of new data centre space to complement its existing 600,000 square feet in India and 250,000 square feet outside the country, CEO Punit Garg told Reuters in an interview in Hong Kong.
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Reliance Globalcom revenues up 23 percent during the January-March quarter

Reliance Globalcom, part of the Anil Ambani-owned Reliance Communications, Monday said its revenues for the quarter ended March 31, 2009 increased 23 percent to Rs.1,880.3 crore ($391 million).

The company had posted Rs.1,525.7 crore in revenue during the January-March quarter last year.

A clear trend has emerged among global organisations looking to secure savings in their network management, and this is reflected in the positive financial results of Reliance Communications, Reliance Globalcom president Punit Garg said in a statement.
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Reliance Globalcom extended Enterprise Global Ethernet Services with VPLS Capabilities to 17 Countries

-Reliance Globalcom, a leading global provider of managed network and communication services for multinational enterprises, carriers and consumers, announced today that it has extended its Enterprise Global Ethernet services to 17 countries, more than any other service offering of its kind. The Enterprise Global Ethernet service leverages Reliance Globalcom’s assets to expand the reach of its wide area point-to-point and fully-meshed offerings, thereby addressing customer demand for such services in additional countries. Reliance Globalcom’s offering helps customers compete effectively on a global scale by providing speed and flexibility when entering emerging markets, network agility in response to fluctuating business dynamics and secure connectivity with the world’s key business centers.
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Adlabs Films uses Reliance globalcom’s network to deliver movies to audiences worldwide


Reliance Globalcom, the leading global provider of managed network and communication services for multinational enterprises, carriers and consumers, announced today that Adlabs Films is using its global network to deliver movies to U.S. audiences. Adlabs, India’s largest entertainment conglomerate, is leveraging Reliance Globalcom’s network to efficiently, securely and cost-effectively transfer digitized movies to screens in the U.S.
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Reliance Globalcom signed three-year contract with liquor conglomerate Remy Cointreau


Reliance Globalcom, the international arm of telecom major Reliance Communications, today said it has signed a three-year contract with leading global liquor company Remy Cointreau Group for implementing a new telecom network.
Under the agreement, Reliance Globalcom will implement a new telecom network to support the new distribution strategy of Remy Cointreau, the company said in a statement.
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RComm in aggrement with US-based Ditech Network


Anil Ambani-led Reliance Communication (RCOM) has signed an agreement with US-based Ditech Networks to deploy the latter’s voice enhancement solution on its recently unveiled GSM network.

The deal is estimated to be worth Rs 50 crore and deployment is expected to enhance voice clarity on Reliance Mobile by approximately 30 per cent’.
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Reliance Globalcom bagged multi-year contracts from three global retailers


Reliance Globalcom, the international arm of Indian telecom major Reliance Communications (RCom), has bagged multi-year contracts from three global retailers for its enterprise solution. Separately, the company is investing an additional Rs 200 crore in GSM operations in the country.
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Reliance Globalcom Provides Low-Latency Ethernet Connectivity Services to MTFs Chi-X Europe, BATS Europe and NASDAQ OMX Europe


Reliance Globalcom, a leading global provider of managed network and application delivery services for multinational enterprises, carriers and consumers, today announced that it has connected its Ethernet-based financial extranet FinancialConnect! to the multilateral trading facilities (MTFs) Chi-X Europe, NASDAQ OMX Europe and BATS Europe. FinancialConnect! provides clients of the MTFs with high-speed, low-latency connectivity to real-time quote and trade information for the pan-European equities market.
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Tata Communications (VSNL) settles case with Reliance Globalcom Ltd


After a five-year legal battle, Tata Communications Ltd has withdrawn its appeal against a court ruling in the Netherlands favouring UK-based Flag Telecom Group Ltd, said a person close to the evelopment.
Settling dispute: A man walks past a Tata Indicom ad in Orissa. Tata Communications says it has paid $19 mn in damages to the UK telco.
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