July 30, 2014 10:55 PM ET

Diversified Telecommunication Services

Company Overview of Reliance Globalcom Ltd.

Company Overview

Reliance Globalcom Ltd. provides communication services. It offers connectivity solutions, including international private leased circuit, Ethernet private line, Ethernet private point to multipoint, managed premium Internet, MPLS VPN, global Ethernet, and global Ethernet VPLS solutions. The company provides managed WAN solutions, such as application aware networking, active back up, rapid deployment, voice over IP and converged IP telephony, and service management solutions; FinancialConnect service that provides customers to access real-time market data from various stock exchanges and trading venues; and LegalConnect service, which offers legal institutions to operate a network through Et...

Milner House

18 Parliament Street

Hamilton,  HM12

Bermuda

Founded in 1990

234 Employees

Phone:

441-296-0909

Fax:

441-296-0938

Key Executives for Reliance Globalcom Ltd.

Chief Executive Officer
Age: 48
Chief Finance & Commercial Officer
Chief Operating Officer
Senior Vice President of Asia Pacific and President of APAC
President of Americas Operations
Compensation as of Fiscal Year 2014.

Reliance Globalcom Ltd. Key Developments

Citic Telecom Is Reportedly In Talks To Buy Stake In Reliance's Subsidiary

CITIC Telecom International Holdings Limited (SEHK:1883) is looking to buyout Reliance Globalcom Ltd. from Reliance Communications Ltd. (BSE:532712). CNBC-TV18’s Kritika Saxena learns from sources the deal, which is in advanced talks to buy for Global Cloud Xchange (formerly Reliance Globalcom), may fetch Reliance a whopping USD 1 billion. "Citic Telecom has been talking to Reliance Communications to buy stake in GCX for sometime but since GCX's bond issue of $350 million was due, the deal got held up," said a source familiar with the development who did not wish to be named. "Now that the bond issue has gone through, Citic Telecom will begin the due diligence. The deal is still in initial stages so will take some time to go through," he added. When contacted Reliance Communications did not comment on the story and Citic Telecom also did not respond to CNBC-TV18's queries on the same.

Reliance Communications To Reportedly Sell 50% Stake In Reliance Globalcom

Reliance Communications Ltd. (BSE:532712) is reportedly in exclusive talks to sell a 50% stake in Reliance Globalcom Ltd. to Citic Telecom International Holdings Limited (SEHK:1883) for $500 million to $600 million. IRG is acting as financial advisor for Reliance Communications while Standard Chartered is advising Citic Telecom.

Reliance Globalcom Appoints Rory Cole as Chief Financial Officer

Reliance Globalcom announced the appointment of Rory Cole as Chief Financial Officer of its three offshore businesses, comprising FLAG, Yipes and Vanco. Mr. Cole will have overall responsibility for global finance including management, planning and strategic initiatives. He previously served as Chief Operating Officer of Reliance Globalcom's Data and Voice business units focused on providing services to Carriers and ISPs globally.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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