Reliance Globalcom's new CEO Bill Barney said it is abandoning its effort to sell itself off and will instead try to raise debt or equity to fund future expansion efforts, reports the Economic Times.
Reliance Globalcom has begun a new chapter by naming Pacnet veteran Bill Barney as the CEO. He will oversee the company's three offshore businesses: FLAG, Yipes and Vanco.
Reliance Communications' move to sell off a large stake of its Globalcom unit has stalled again as its talks with Bahrain Telecommunications Company ended without a deal being struck.
Batelco, Bahrain's incumbent telco, has entered into talks to purchase a large stake in Reliance Globalcom, the business services subsidiary of Reliance Communications.
India’s Reliance Globalcom says
Reliance Globalcom on Tuesday named Ciena as its optical vendor of choice to upgrade its FNAL backhaul network for its self-built intra-Asia submarine cable system.
Reliance Globalcom on Tuesday revealed that it has upgraded its FLAG Europe-Asia (FEA) submarine cable network, one it tried to take public earlier this year, to 100G.
Reliance Communications is looking for ways to raise some cash and it believes that by selling a big stake of its Flag Telecom cable system it could raise up to $1.5 billion, reports Bloomberg.
Analysts predict Nokia will
Reliance Communications (RCom) has become the latest Indian operator to report a sharp slump in earnings as a result of intense mobile price competition. The no.