Facebook to Acquire $5.7bn Stake in India's Reliance Jio By Sebastian Moss, Data Centre Dynamics April 22, 2020 Facebook plans to acquire a 9.99 percent equity stake in Jio Platforms, the holding company of telecom Reliance Jio Infocomm. The INR 435.7 billion ($5.7 billion) deal allows the social media and advertising company to increase its [...]
Facebook Eyes Multibillion-Dollar Stake in Reliance Jio By Anjli Raval, Tim Bradshaw and Benjamin Parkin, Financial Times March 24, 2020 Facebook is seeking to buy a multibillion-dollar stake in Reliance Jio, whose cut-price mobile internet service has attracted 370m Indians in just three years, according to two people with knowledge of the discussions. Facebook was [...]
Manatua Consortium Confirms Cable Lay Operations Complete Manatua Consortium Press Release February 17, 2020 Groundbreaking 3600km cable successfully deployed across South Pacific on time Landings in Tahiti & Bora Bora, French Polynesia; Rarotonga & Aitutaki in Cook Islands; Niue and Samoa Successfully Completed Unique international collaboration to transform regional speed, resilience and affordability Cable on [...]
Cook Islands International Submarine Cable Connection Arrives in Rarotonga Avaroa Cable Press Release January 11, 2020 Cable comes ashore at second attempt in complex engineering operation following Tropical Cyclone Sarai Manatua One Polynesia fibreoptic cable will connect Rarotonga to Samoa, Tahiti and Aitutaki The 3600km cable will be Ready for Service May 2020 RAROTONGA, COOK [...]
Mukesh Ambani-owned Jio to Deploy New Submarine Cable Systems By Muntazir Abbas, ETTelecom January 9, 2020 NEW DELHI: The oil-to-retail conglomerate Reliance Industries Limited’s (RIL) telecom arm Jio will be deploying two submarine cable systems connecting Singapore and Europe, taking high-bandwidth connectivity from America’s western and eastern coasts allowing higher data speed to Indian Internet [...]
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 [...]
Manatua Consortium Summit Gives Green Light to Start Cable Lay SubCom Press Release November 7, 2019 New submarine cable system will be the first in Cook Islands and Niue Unique international collaboration to transform regional speed, resilience and affordability Landings in Tahiti and Bora Bora, French Polynesia; Rarotonga & Aitutaki in Cook Islands; Niue and [...]
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 [...]
SubCom Reliance Completes Successful Repair of Tonga Cable System SubCom Press Release February 15, 2019 EATONTOWN, N.J., USA – SubCom, the leading global partner for undersea data transport, today announced that its cable ship SubCom Reliance successfully completed the repair of two Tongan submarine cables. The Tonga Cable and the Tonga Domestic Cable were damaged [...]
