(20 February 2008 10:25 pm)

MUMBAI: Reliance Communications Ltd has announced a new umbrella brand Reliance Globalcom for all its global initiatives.

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.

"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.

According to an official statement, Reliance Globalcom would target the fast growing potential in the Global Telecom arena with annual addressable revenue potential of $285 billion (Rs 1140 billion).

With the consolidation of the global business, Reliance Globalcom expects to have annualized start-up revenues of $ 1.32 billion (Rs 52.79 billion) and EBIDTA of $334 million (Rs 13.37 billion).

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."

"Reliance Globalcom, structured to serve the existing and emerging fast growing demands of our Global customers, would add significant value for the shareholders of India largest and most profitable Telecom enterprise," added Ambani.

Managed Services division of Reliance Globalcom would tap the exponential growth potential in the emerging areas of network operating center, hosting and storage services, call center solutions and voice portal amongst others.

Reliance Globalcom will have presence in over 50 countries including the top 20 financial centers in the world, including New York, London, Tokyo, Paris, Chicago, Toronto, Frankfurt, Seoul, Taipei, Hong Kong, Beijing, Shanghai, San Francisco, Los Angeles, Singapore, Rome and Milan.

Reliance Globalcom also hopes to leverage the fully IP-enabled Global Infrastructure of Reliance Communications, and its subsidiaries, including 1,75,000 km of optic fibre and 20,000 km of ethernet backbone in the US.