Flag Telecom, a Reliance group company, has awarded a multi-million dollar contract for construction of its Falcon submarine cable to Alcatel, a global networks and application service provider.\n\n
Anil Ambani group company FLAG Telecom on Wednesday announced the appointment of Punit Garg, who was heading Reliance Infocomm's international business, as its president.\n\n
FLAG Telecom, the global telecom arm of the Anil Ambani-led Reliance Communications, is believed to have won a $35 million worth international deal for providing international bandwidth to China Netcom.
FLAG Telecom, a Reliance group company has denied media reports alleging that it has resorted to high pricing impacting the growth of Indian business process outsourcing units and information technology enabled services.
The Anil Dhirubhai Ambani Group company Reliance Communications, which is in the process of bidding for Hutch-Essar, is planning to list its undersea cable business unit Flag Telecom in London to raise over $500 million.
RCom is looking at listing Flag Telecom through a Singapore business trust, Global Telecommunications Infrastructure Trust on the Singapore stock exchange.
Telecom major Videsh Sanchar Nigam Ltd on Monday said all issues with Reliance Infocomm over Flag Telecom
Flag Telecom and Pivotal Pvt Equity, the company, which had made an offer to acquire the former at a price higher than that offered by Reliance, have "mutually" decided not to pursue their discussions.
The district court of The Hague, Netherlands, has upheld the decision of the arbitration panel that VSNL must allow Flag Telecom an access to Flag Europe Asia cable landing station in Mumbai. Flag Telecom (now known as Reliance Globalcom), a subsidiary of Anil Ambani's Reliance Telecom, wanted access to Mumbai landing staion of Flag Europe Asia cable (FEA), a submarine fiber optic cable that runs from England to Japan, for the purpose of enhancing its capacity.
Falcon, which is owned by Flag Telecom, has been damaged in the Middle East but it is unlikely to affect Net operations across India.
Flag Telecom was looking at divesting up to 20 per cent of its equity stake through an international convertible bond issue and raise over $200 million.
Telecommunications major Reliance Communications will invest $1.5 billion (around Rs 7,000 crore) in Flag Telecom, its under-sea cable subsidiary, over the next three years.
China Telecom has selected Reliance-owned Flag Telecom to provide international bandwidth capacity between China and US West Coast, under a multi-million dollar contract.
Reliance Communications brings all its global initiative under a single brand name of Reliance Globalcomm and renames FLAG Telecom as Reliance FLAG.
Tata Communications on Monday said it was considering challenging the Dutch court verdict, which has allowed access to its cable landing station in Mumbai for Anil Ambani Group's Flag Telecom. Reliance Globalcom on its part confirmed receiving a copy of the judgement and said the Hague court had rejected all claims made by VSNL. Flag Telecom, a subsidiary of Anil Ambani-led Reliance Telecom, wanted access to Mumbai landing station of Flag Europe Asia.
French telecom infrastructure player Alcatel has bagged an approximately $350 million (roughly Rs 1,400 crore) contract from FLAG Telecom, a subsidiary of Reliance Communications (RCom), to build a fully IP-enabled Trans-Pacific undersea cable.
Flag Telecom, a subsidiary of Reliance Communications, has signed a $100 million
In less than a week's time, a fourth submarine cable was severed in West Asia, disrupting voice and telecommunication traffic between Qatar and the United Arab Emirates (UAE).
Banking on the recent cable landing station regulations, Reliance Communications is planning to launch global video transmission services on its new international long distance network.
Videsh Sanchar Nigam Ltd said on Tuesday it is studying FLAG Telecom's claim of a monetary relief of about 406 million dollar and will file its response with the Tribunal in due course.
Anil Ambani Group firm Flag Telecom on Monday announced the acquisition of US-based Ethernet services provider Yipes Communications for 300 million dollars (Rs 1,200 crore) in cash.
Flag Telecom, a fully owned subsidiary of Reliance Communications, is divesting 15-20 per cent of its equity stake to strategic and financial investors.
Google is believed to be in talks to take on a lease of 500 GB bandwidth; this, according to industry sources, puts the deal size at around $80-100 million (Rs 320-400 crore).
Three Japanese submarine cable construction companies have been short-listed by Flag Telecom, a wholly-owned subsidiary of Reliance Communications
Flag Telecom, a 100 per cent subsidiary of Reliance Communication (RComm), has mandated Goldman Sachs and Deutsche Bank as lead managers for the maiden initial public offering (IPO) on the London Stock Exchange.
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