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.
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.
Internet service in Egypt, the UAE, India and other counties in the region was interrupted today when submarine cables in the Mediterranean Sea failed. Cause of the failure is not known at this
Reliance Globalcom announced today that it is working with Juniper Networks to upgrade its Metro Ethernet networks in the U.S., pushing multiprotocol label switching and virtual private LAN service