By Tele.net

Global Cloud Xchange (GCX), the undersea cable unit of Reliance Communications (RCOM), is planning to raise over $250 million (Rs 15 billion) through an issue of bonds in the overseas market. This comes even as RCOM has been in talks with companies, including Hong Kong's Citic Telecom, to sell stake in its GCX unit for around $ 1 billion to reduce its debt.

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