This new high performance enterprise-class platform delivers applications and content across the company's privately owned global fiber optic network. In October and December 2014, GCX launched transformational Cloud X platform in Hong Kong and London.
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The deal received an overwhelming response from the market, and was significantly oversubscribed. In July 2014, GCX announced successful debut in the Global Capital Market by raising US$350M fixed rate notes maturing in 2019. In March and June 2014, GCX announced plans for new subsea cables between Tokyo and California and between Mumbai and Singapore respectively, to bridge important gap and meet soaring bandwidth demands of new cloud-based applications and services. In March 2014, RGL rebranded as Global Cloud Xchange (GCX) under the leadership of CEO, Bill Barney, to align with the company's strategic plan to deliver an integrated portfolio of infrastructure, data center and managed network services with Cloud capabilities, especially across key emerging markets in Asia and the Middle East. Later in December, it upgraded Trans-Atlantic cable with 100G technology. In April 2013, Reliance Globalcom integrated Hawk cable system with Reliance Global Network. In 2011, Reliance Globalcom set up world's first global Mediterranean gateway and hub in Europe set up with Hawk cable system. Vanco was established in 1988 and its original parent company, Vanco plc, was listed on the London Stock Exchange before it was acquired by RGL. Vanco provides enterprise clients, directly or through partners, with optimized fully managed network solutions. Vanco is a global Wide Area Network Operator. In 2008, RGL acquired Vanco through one of its wholly owned subsidiaries. Established in 1999, Yipes has pioneered the Ethernet technology in metropolitan area networks. Yipes is a US-based Ethernet Service provider which provides Ethernet and application delivery services for global enterprises. In 2007, RGL acquired Yipes through one of RGL's wholly owned subsidiaries. FLAG was first established in 1993 by a group of telecommunications companies led by Bell Atlantic. Before being acquired by Reliance Group, FLAG was listed on the NASDAQ National Market and London Stock Exchange. RGL owns and operates various undersea and terrestrial fiber assets around the world, including the FEA cable system linking Europe to Asia via the Middle East and India.
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In 2003, the Reliance Group acquired and, in 2008, renamed FLAG as Reliance Globalcom Limited ("RGL"). Global Cloud Xchange was formed as part of the rebranding of certain businesses of RGBV, which includes FLAG Telecom Group Limited ("FLAG"), Reliance Vanco Group Limited ("Vanco") and Yipes Holdings, Inc.
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RCOM is part of the Reliance Group, one of India's largest business groups which has a significant presence in the telecommunications, financial services, and entertainment, energy and infrastructure sectors.
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GCX Limited is a subsidiary of RCOM, which is listed in India on the BSE Limited and the National Stock Exchange of India Limited and is one of India's largest telecommunications service companies providing wireless, wire line, long-distance, voice, data, video and Internet communications services. GCX has principal offices in London, Hong Kong, and Mumbai, and additional offices in Australia, China, Egypt, France, Germany, Italy, Japan, the Netherlands, Singapore, South Korea, Spain, Taiwan, the United Arab Emirates, the United Kingdom, and the United States.