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GLOBAL CLOUD XCHANGE
RCom subsidiary files for bankruptcy in USGlobal Cloud Xchange has missed payments on $350 m of 7% bonds that matured in Aug- Reliance Communications unit GCX files for bankruptcyRCom in May this year had mentioned that GCX’s value was eroding.
- Moody's warns of downgrading RCom's overseas cable armThe Bermuda-incorporated GCX is a subsidiary of RCom through an intermediary holding company Global Cloud Xchange.
- RCom says holders of $300 million bonds to be repaid via cash, bonds of Global Cloud XchangeThe Global Cloud Xchange bonds will be unsecured and carry a coupon of 0.1 per cent with maturity of four years.
- Reliance Communications arm announces completion of India data centre for Eagle cable network"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,"...
- Fitch downgrades GCX on refinancing risksFitch 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...
- Alibaba Cloud extends coverage to Indian enterprises, targets SMEAlibaba Cloud now has 33 availability zones across 16 economic centres globally, with coverage extending across China, Japan, Australia, Eu...
- RCom Global Cloud Xchange, CMC Telecom tie up for connectivityGCX will offer its IP Transit solutions to CMC Telecom in Hong Kong and Singapore, while CMC Telecom will deploy a Virtual Point of Presenc...
- Fitch cuts Global Cloud Xchange to 'B-'; outlook negativeThe ratings agency said the downgrades have been done since they foresee that GCX's liquidity could weaken significantly.
- Moody's lowers RCom unit GCX's bond ratingLast Saturday, RCom posted its first ever annual loss since its inception - of Rs 1,285 crore.
- Reliance Communications arm in tie-up for cloud computingIndustry findings have projected that the HPC market is expected to grow up to $36.62 billion by 2020, at a compounded annual growth rate (...
- RCom expands enterprise product portfolio with Cloud X WANHe said the company will look at enterprises, specially banks and government departments that have branches or offices across the country.
- Reliance Communications appoints Braham Singh as senior VP, RCom Enterprise, GCXSingh will have overall responsibility for the global product portfolio across RCom Enterprise and GCX. In addition, he will also manage th...
- Reliance Communications' incubation projects providing startups with low-cost network infra: Bill Barney"We are expanding the Dhirubhai Ambani Knowledge City in Mumbai. Once completed, the expansion will almost double our capacity of data."
- Reliance Communications takes cloud services to next level; launches Cloud XReliance Communications, a part of Anil Ambani-led group, on Tuesday announced its cloud delivery network in five cities.
- RCom realigns business units; Global Cloud Xchange CEO to manage India enterprise bizThe company has realigned its business units to better serve diverse needs of its enterprise customer base in India and overseas.
- RCom international business unit shortlists 3 vendors for subsea cable constructionIn June 2014, Global Cloud Xchange had announced its plans for the construction of cable as part of its strategy to provide a direct subsea...
- Reliance Communication unit's dollar-bond sale sees strong demandRCOM, India's fourth-largest mobile phone operator, has been trying to lower its debt burden which has been weighing on its profitability f...
- Reliance Communications' Global Cloud Xchange to raise Rs 1500 crore through overseas bond issueRatings agency Moody’s rated GCX’s proposed US dollar senior secured guaranteed notes offering a provisional B2, while Fitch rated it at B+.
- Citic Telecom in talks to buy Reliance Communications' undersea cable businessRCom has set a target to raise over Rs 6,000 crore from sale of Global Cloud Xchange (GCX), formerly Reliance Globalcomm business.
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