Reliance Comm consolidates global business

New Delhi, Feb 20: Reliance Communications Ltd today announced a new umbrella brand ''Reliance Globalcom'' for all its global initiatives and change in name of Yipes Enterprise Services Inc to Reliance Globalcom Services Inc and FLAG Telecom to Reliance FLAG.

Under this significant consolidation to accelerate the growth of Global Business, Reliance Communications also announced the alignment of its subsidiaries. Yipes Enterprise Services Inc has changed its name to Reliance Globalcom Services Inc and will now represent the Enterprise Division of the Company.

The product portfolio of FLAG Telecom, world's largest undersea cable system, has been rebranded as ''Reliance FLAG" Reliance Globalcom brings under its fold a diverse portfolio of global communications business services, including Global Voice, Managed Network, Carrier Ethernet, and Fiber Capacity Businesses into a single group, said a statement.

''In creating Reliance Globalcom, we are aligning our global communications strategies into a single vision to create one of the top five global communications companies in the world,'' said Reliance Communications Chairman Anil Ambani.

Reliance Globalcom will target the fast growing potential in the global telecom arena with annual addressable revenue potential of Rs 1,14,000 crore.

With the consolidation of the global business, Reliance Globalcom will have annualised start-up revenues of Rs 5,279 crore and EBIDTA of Rs 1,337 crore.

Reliance Globalcom will deliver a broad portfolio of data and voice services spanning across the enterprise, wholesale, managed services and consumer segments by leveraging FLAG's global telecom infrastructure and Yipes expertise in the plug-n-play ethernet technology.

The voice services popularly known as Reliance India Call, Reliance Global call, Reliance Netcall and Reliance Passport will also come under the fold of Reliance Globalcom.

Managed Services division of Reliance Globalcom will tap the exponential growth potential in the emerging areas of Network Operating Center, Hosting &Storage Services, Call Center Solutions and Voice Portal amongst others.

Reliance Globalcom will have presence in over 50 countries including the top twenty financial centers in the world.

UNI