RCOM’s Global Cloud Xchange unveils strategic plan for 2018

 

Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (RCOM), unveiled key strategic plans for 2018 with its ‘Cloud and Fiber Initiative’ at the core.

The construction of its recently-announced Eagle express submarine cable systems, from Mumbai—Westward to Italy & Eastward to Hong Kong—will be completely selffinanced, with no upfront financing or investment requirements from the Company.

In addition,GCX has also entered into key partnerships to expand its Cloud ecosystem and data center footprint, further solidifying India’s position as a key global hub with a strategic edge in the next wave of technology growth and expansion across emerging markets.

“The Cloud and Fiber initiative is our response to the key requirements in the global marketplace, driven by the explosive growth in Cloud and infrastructure programs by enterprises around the world,” said Bill Barney, CEO of Reliance Communications & Chairman/CEO, Global Cloud Xchange.

“Nearly half of the world’s population is reachable with a short distance from India’s borders, giving the country a strategic edge in the new Digital Era. This initiative levels the playing field for India’s companies to compete globally.”

“The demand for international bandwidth connected to Asian countries is expected to increase more than 10-fold between 2017 and 2023, while bandwidth linking Europe to the Middle East and the rest of Asia is forecast to grow seven-fold in the same period,” according to Alan Mauldin, Research Director at TeleGeography. “India provides a strategic location in the context of the larger global subsea cable network. New cables extending to the East and West from India will help accommodate surging capacity demand and enhance network resiliency,” Mauldin added.

“Tapping on India’s prime geographic location, the ‘Cloud and Fiber Initiative’ will deliver a strategic edge to businesses with the Eagle system’s high-speed transit from India West into Europe and East into the exponentially growing markets across Asia-Pacific,” Barney added. “

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
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