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|Key people||Punit Garg
President and CEO
Reliance Globalcom is a division of Reliance Communications, an India-based integrated telecommunications service provider. Reliance Globalcom provides managed wide area network services in partnership with carriers. The company also offers products and services consisting of voice, Internet access and value added services with 2.5 million retail customers in 163 countries on six continents.
Reliance Globalcom owns an undersea cable system spanning 165,000 kilometres which is integrated with Reliance Communications' domestic optic fiber which runs to over 190,000 kilometres. Reliance Globalcom's global VPLS enabled Ethernet network capability serves India, the United States, Europe, Middle East, and the Asia Pacific region.
Flag Telecom started in the 1990s as a provider of international wholesale network transport and communication services, with 50,000 km of undersea cables, known as the Fiber-Optic Link Around the Globe. The first link was between Asia and Europe organized as FLAG Limited. Daniel Petri acted as chief executive from June 1997 until Andres Bande became chief executive starting in January 1998 (when he left as president of Sprint International). In February 1999 Flag Telecom Holdings was formed in Bermuda to comprise various joint ventures for the parts of the network. In 2001 Flag filed for bankruptcy under chapter 11. In 2002 it emerged from bankruptcy as FLAG Telecom Group Limited, officially incorporated in Bermuda. In October 2003, Reliance Infocom (later renamed Reliance Communications) offered to acquire Flag Telecom for US$207 million (Rs 939 crore) in cash. It was disclosed that Patrick Gallagher, chief executive of Flag at the time, would receive over $3.7 million. In January 2004 the deal closed after consideration was raised to $211 million including $1 million to Flag's largest share-holder, Harbert Distressed Investment Master Fund, Limited. It was the Reliance group's first acquisition outside of India. After the merger the resulting amalgamation was renamed Reliance Globalcom.
Reliance Communications announced the $300 million acquisition of San Francisco-based Yipes Holdings in July 2007. Yipes Holdings was originally founded as Yipes Enterprise Services in April 2002, and funded by Norwest Venture Partners, New Enterprise Associates, and Sprout Capital with over $40 million. By November 2002 the holding company was formed, and another round of $54 million was disclosed in January 2003. The deal closed in December after approval from the U.S. Federal Communications Commission.
Established in 1988, Vanco was a global Virtual Network Operator. The acquisition of Vanco in May 2008 added $365 million (Rs. 1,550 crore) to the annual revenue of Reliance Globalcom, and increased Reliance Globalcom's tally of enterprise customers to over 1,400. Vanco's customer base included Avis, British Airways, Siemens, Virgin Megastores. Through this acquisition, Reliance Globalcom added nine network management centers to its service systems and processes.
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- Shubham Mukherjee (8 April 2013). "Reliance communications to sell arm to Batelco for Rs 6,000 crore". Times of India. Retrieved 5 October 2013.