Reliance Communications integrates its global initiatives

February 20th, 2008 - 7:04 pm ICT by admin  

Mumbai, Feb 20 (IANS) Anil Ambani-led Reliance Communications Ltd (RCL) Wednesday said it has integrated all its global initiatives under the umbrella brand of Reliance Globalcom. “In creating Reliance Globalcom, we are aligning our global communications strategies into a single vision to create one of the top five global communications companies in the world,” RCL chief Anil Dhirubhai Ambani said.

“Reliance Globalcom is structured to serve the existing and emerging fast growing demands of our global customers and would add significant value for the shareholders of India’s largest and most profitable telecom enterprise.”

In a statement to the Bombay Stock Exchange (BSE), RCL said Reliance Globalcom was planning to target the fast growing potential in the global telecom arena with annual revenue potential of $285 billion.

It said with the consolidation, Reliance Globalcom would have annualised start-up revenues of $1.32 billion.

RCL also said its subsidiary Yipes Enterprise Services Inc has changed its name to Reliance Globalcom Service Inc and will now represent the enterprise division of the Company.

The product portfolio of FLAG Telecom has been re-branded as Reliance FLAG, the release said.

RCL said Reliance Globalcom would have a presence in over 50 countries including the top 20 financial centres in the world, including New York, London, Tokyo, Paris, Chicago, Toronto, Frankfurt, Seoul, Taipei, Hong Kong, Beijing, Shanghai, San Francisco, Los Angeles, Singapore, Rome and Milan.

“Reliance Globalcom would be leveraging IP (Internet protocol)-enabled infrastructure of Reliance Communications and its subsidiaries, including 175,000 km of optic fibre and 20,000 km of Ethernet backbone in the US,” the release said.

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