GCX to Emerge From Chapter 11 Bankruptcy

GCX to Emerge From Chapter 11 Bankruptcy After Rescue Plan By Antony Savvas, Data Economy November 11, 2019 The company has shelved any separate sale of the company, with its largest secured lenders instead taking over the reins while also lending further. Bankrupt Global Cloud Xchange (GCX) has announced that “after completing the initial phase [...]

2019-11-12T14:32:33-05:00November 12th, 2019|Categories: State of the Industry|Tags: , , , , |

RCom CEO Bill Barney Steps Down

RCom CEO Bill Barney Steps Down By The Hindu Business Line September 25, 2019 Bill Barney has stepped down as the CEO of Reliance Communications. Barney will now focus entirely on the restructuring of Global Cloud Xchange (GCX), the Anil Ambani company's submarine cable subsidiary, which recently filed for bankruptcy protection. Barney is currently the Chairman [...]