Reliance Communications consolidates global telecom business under "Reliance Globalcom"

Reliance Communications Ltd has announced a new umbrella brand, Reliance Globalcom, for all its global initiatives. Reliance Globalcom will combine a diverse portfolio of global communications business services, including global voice, managed network, carrier Ethernet, and fibre capacity businesses into a single group.

The company says Reliance Globalcom will leverage FLAG's global telecom infrastructure and Yipes expertise in the plug-n-play Ethernet technology to deliver a broad portfolio of data and voice services spanning across the enterprise, wholesale, managed services and consumer segments.

Accordingly voice services Reliance India Call, Reliance Global Call, Reliance Netcall and Reliance Passport will come under the fold of Reliance Globalcom.

Explaining the rationale of the new brand, Anil Ambani Chairman, Reliance Communications said, "In creating Reliance Globalcom, we are aligning our global communications strategies into a single vision to create one of the top five global communications companies in the world."

Ambani further explained, "Reliance Globalcom, structured to serve the existing and emerging fast growing demands of our global customers, would add significant value for the shareholders of India largest and most profitable telecom enterprise."

Estimating the addressable revenue potential of the global telecom market at $285 billion (Rs1,14,000 crore), the company said in a regulatory  filing with the exchanges, "With the consolidation of the global business, Reliance Globalcom will have annualised start-up revenues of $1.32 billion and EBIDTA of $334 million (Rs1,337 crore)."

Reliance Communications has also announced the alignment of its subsidiaries. Yipes Enterprise Services Inc has changed its name to Reliance Globalcom Services Inc. and will now represent the enterprise division of the company.

The product portfolio of FLAG Telecom, world's largest undersea cable system, has been rebranded as "Reliance FLAG". Managed services division of Reliance Globalcom would tap the exponential growth potential in the emerging areas of Network Operating Center, Hosting & Storage Services, Call Center Solutions and Voice Portal amongst others.

Reliance Globalcom will have presence in over 50 countries including the top twenty financial centers in the world, including New York, London, Tokyo, Paris, Chicago, Toronto, Frankfurt, Seoul, Taipei, Hong Kong, Beijing, Shanghai, San Francisco, Los Angeles, Singapore, Rome and Milan. Reliance Globalcom would leverage the world class fully IP-enabled Global Infrastructure of Reliance Communications, and its subsidiaries, including 1,75,000 km of optic fibre and 20,000 km of Ethernet backbone in the US.