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 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 [...]
By The Economic Times November 16, 2017 NEW DELHI: Shares of Reliance Communications tanked 5 per cent in Thursday's trade after the debt-ridden telecom operator said that it is not making any payment to lenders or bond-holders for the time being as it is under 'standstill period' with invocation of strategic debt restructuring scheme and [...]
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 [...]