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 [...]

RCom’s Subsea Division, GCX, Files for Bankruptcy

RCom’s Subsea Division, GCX, Files for Bankruptcy By Chris Kelly, Total Telecom September 16, 2019 The move comes as GCX missed repayments on $350m bonds GCX Ltd, the subsea cabling subsidiary of Anil Ambani’s Reliance Communications (RCom) conglomerate, has announced that it is to file for bankruptcy. The move comes after GCX missed payments of [...]

Global Cloud Xchange Inks Deal With CMC Telecom

By Rajesh Kurup, The Hindu Business Line December 12, 2017 Mumbai, Dec 12:   Global Cloud Xchange (GCX) has signed a dual strategic initiative to provide its IP transit solutions to CMC Telecom in Hong Kong and Singapore, while the latter will deploy a Virtual Point of Presence (vPoP) for GCX in Hanoi. CMC Telecom is [...]

2017-12-12T11:48:22-05:00December 12th, 2017|Categories: State of the Industry|Tags: , , |

GCX Announces “Cloud and Fiber Initiative”, EAGLE Cable System

By Global Cloud Xchange Press Release November 8, 2017 Subsea cable pioneer and owner of the world’s largest subsea telecom infrastructure, GCX, unveils plan to construct new state-of-the-art express cable network from India via Thailand to Hong Kong and from India across the Middle East to Italy. MUMBAI, India - Global Cloud Xchange (GCX), a subsidiary [...]

2017-11-08T10:42:09-05:00November 8th, 2017|Categories: Future Systems|Tags: , , , , |

Reliance To Sell Submarine Cable Assets To CITIC Telecom

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 [...]

2017-06-16T11:19:14-04:00June 16th, 2017|Categories: State of the Industry|Tags: , , |