Reliance Communications and Global Cloud Xchange Announce Sale of Yipes Customer Base to GTT
MUMBAI – November 18, 2016: Reliance Globalcom (“RGSI” dba Global Cloud Xchange), a subsidiary of Reliance Communications (RCOM), today announced the sale of its Yipes customer contracts and certain other related assets to Onyx NewCo LLC, a newly formed Delaware subsidiary of RCOM (“SaleCo”). Simultaneously, all of the outstanding interests held by the Company in SaleCo were transferred to GTT Americas LLC, a wholly-owned subsidiary of GTT Communications Inc., an established, publicly listed U.S. carrier that provides domestic and international communication services.
“RGSI and GTT will continue to work closely together to ensure a seamless network and accounts migration process,” said Bill Barney, CEO, Reliance Communications and Global Cloud Xchange.
ABOUT GLOBAL CLOUD XCHANGE
Global Cloud Xchange (GCX), a subsidiary of Reliance Communications, offers a comprehensive portfolio of solutions customized for carriers, enterprises and new media companies. GCX owns the world’s largest private undersea cable system spanning more than 67,000 route kms which, seamlessly integrated with Reliance Communications’ 200,000 route kms of domestic optic fiber backbone, provides a robust Global Service Delivery Platform. With connections to 40 key business markets worldwide spanning Asia, North America, Europe and the Middle East, GCX delivers Managed Services to more than 160 countries and offer extensive VPLS-enabled Ethernet network capabilities globally. GCX is equipped to support businesses through the deployment of next generation Enterprise solutions across its Cloud Delivery Networks.
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