By 4-traders
June 15, 2017
Billionaire Anil Ambani's Indian operator Reliance Communications is again trying to find buyers for submarine cable subsidiary Global Cloud Xchange (GCX) and has taken the initiative to contact CITIC Telecom International.
Reliance Communications is trying to further divest its assets to pay off its debts and contacting potential buyers for GCX.
CITIC Telecom International has yet decided whether to issue a tender offer.
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