RCom in May this year had mentioned that GCX’s value was eroding.

The rating downgrade on GCX's corporate family rating to Ca from Caa1 follows the payment default on the company's USD 350 million 7 per ce...

GCX is a wholly owned subsidiary of RCom through an intermediary holding company GCXL.

The Bermuda-incorporated GCX is a subsidiary of RCom through an intermediary holding company Global Cloud Xchange.

"When Eagle lands in two years, it will be connected to the world's largest cloud operators inside India's newest and largest data centre,"...

Sistema JSFC is now keen to buy only RCom’s enterprise business and the nine data centres, which are collectively valued at about $600 mill...

Fitch on Tuesday downgraded GCX’s issuer default rating to CCC from B-, while the one on the $350- million secured notes due 2019 was lower...

GCX will offer its IP Transit solutions to CMC Telecom in Hong Kong and Singapore, while CMC Telecom will deploy a Virtual Point of Presenc...

Rcom said it has made a comprehensive "debt resolution plan to its domestic and foreign lenders".

The ratings agency said the downgrades have been done since they foresee that GCX's liquidity could weaken significantly.

Last Saturday, RCom posted its first ever annual loss since its inception - of Rs 1,285 crore.

He said the company will look at enterprises, specially banks and government departments that have branches or offices across the country.

Reliance Communications (RCOM) and its subsidiary Global Cloud Xchange (GCX) would invest USD 80 million (around Rs 500 crore) to set up fo...

Singh will have overall responsibility for the global product portfolio across RCom Enterprise and GCX. In addition, he will also manage th...

The company has realigned its business units to better serve diverse needs of its enterprise customer base in India and overseas.

Ratings agency Moody’s rated GCX’s proposed US dollar senior secured guaranteed notes offering a provisional B2, while Fitch rated it at B+.

RCom has set a target to raise over Rs 6,000 crore from sale of Global Cloud Xchange (GCX), formerly Reliance Globalcomm business.