Anil Ambani led RCom announces strategic transformation for India & Emerging Markets

MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses, Reliance Communications Limited (RCOM) and its subsidiary, Global Cloud Xchange (GCX), today shared updates on the company’s strategic transformation plan and its commitment to the growth and enhancement of its fixed-line communications, data center, subsea cables and enterprise services globally.

“As the company moves into a new era of operations, we remain fully committed to our enterprise wireline business across India and globally,” Bill Barney, CEO of RCOM and GCX, said.

“We will continue to operate and accelerate our business, delivering best-in-class and uninterrupted services to our customers. We are currently undertaking a series of key initiatives to significantly enhance our network infrastructure, processes and people capabilities,” Barney added.

With the recent completion of the company’s hyperscale data center in Mumbai, an entirely new ecosystem has opened up to accommodate the speed of Cloud acceleration and increase in Cloud infrastructure, PaaS and global connectivity requirements of enterprises within India and globally.

The new facility will have direct connectivity into GCX’s new EAGLE express subsea cable system, which will deliver the fastest routes from Mumbai, going east to Hong Kong and west to Italy.

According to Barney, “We plan to further expand our connected data centers across key hubs in India, including Bengaluru, Hyderabad and Chennai. We have lined up key Cloud provider partners to further leverage our facilities as aggregation points across India.”

The company’s planned expansion of its data center footprint, along with ownership of the world’s largest private subsea cable system, has already aligned RCOM/GCX with top OTT and technology partners worldwide, paving the way into the next stage of global Cloud acceleration and adoption.

Within India, RCOM is also in the process of aligning network opportunities with strategic partners to enable further deployment of fiber across the country, which will enhance scalability and diversity to meet domestic business requirements.


IMPACT ON SHARE PRICE

After few minutes of an announcement having hit the exchanges in India regarding Reliance Communications integrating its business model strongly and announcing strategic transformations for its India and Emerging markets business, the shares of the company moved up and continued trading on positive counters in GREEN zone.

 


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