Reliance Globalcomm is a 100% subsidiary of Reliance Communications. Recent advances of Reliance Globalcomm like acquiring U.K. based VANCO Group and with talks going with MTN Group clearly indicates the Anil Ambani’s vision of creating a global customer base in telecommunication market. With the advancement in Communication domain and coming up of new Wireless technologies, becoming global is a much needed step for survival in this competitive market. Lets take an overview on recent activities of Reliance Communications.
Reliance Globalcom acquires U.K. based Global Managed Network Services provider VANCO Group Limited
May 26th 2008: Reliance Globalcom Limited, subsidiary of India’s largest integrated telecom Service provider Reliance Communications, today announced signing of an agreement to acquire the London headquartered pioneering Global Managed Network Services, VANCO Group Limited through one of its wholly-owned subsidiary. The acquisition of VANCO would add $365 Million (Rs. 1,550 crore) to the annual revenue of Reliance Globalcom through secure Long-term contracts with largest enterprise customers.
VANCO is recognised by Gartner to be amongst world’s top 5 Managed Global Network players with over 220 MNC customers. Its blue chip customer base includes AVIS, British Airways, Siemens, Virgin Megastores. VANCO increases the Reliance Globalcom’s tally of enterprise customers to over 1,400. VANCO has been rated as Worlds “Best Network Service Provider” for three years in a row since 2005. VANCO Managed Network services are currently available in over 40,000 locations across 163 countries.
Reliance Communications and MTN GROUP to enter into exclusive negotiations
Reliance Communications and MTN Group, a leading emerging market telecom operator, have agreed to enter into exclusive negotiations for a period of up to 45 days with respect to a potential combination of their businesses.
Reliance Communications and Alcatel - Lucent forms Joint Venture
Mumbai, May 12th 2008 - Reliance Communications and Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced forming a global joint venture. Combining the unique strengths of Alcatel-Lucent and Reliance Communications, the Joint Venture Company would foray in the fast growing $ 16 Bn (Rs. 64,000 Crore) Managed Network Services Industry and will cater to telecom operators, both CDMA and GSM, across the globe.
Reliance Communications forays in International Mobile market with GSM License in Uganda.
21 February 2008: Reliance Communications Limited today announced acquisition of Uganda based Anupam Global Soft (U) Ltd, a company holding Public Infrastructure Provider License (PIPL) and Public Service Provider License (PSPL) issued by Uganda Communications Commission. The acquisition, made through a subsidiary of Reliance Communications Limited, marks the first step in the Company’s plans in the International Mobile market.
Reliance recently acquired eWave World, a 4G operator focused on emerging markets across Asia, Latin America, Western Europe and Africa. Last year
Reliance Globalcom had acquired a world leading US based Ethernet Service provider, Yipes Holding Inc. for $ 300 Mn (Rs. 1200 cr) in 2007.
Dated : 27th May 2008
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