Reliance Globalcom Records Growth

Revenue increased by 23% from INR15,257 million (US$323.653 million) 4Q 2008 to INR18,803 million ($398.876 million) 4Q 2009

June 30, 2009

1 Min Read

LONDON -- Reliance Globalcom, the leading global provider of managed network and communication services for multinational enterprises, carriers and consumers, has enjoyed increasingly strong demand for its secure, scalable, multinational managed network service offerings since January 1, 2009, as the company’s global customer base fully realize the harsh implications of the global economic slow-down.

With many international enterprise organizations even more keen to reduce internal network management costs, while increasing the scalability and speed of their existing network connectivity, Reliance Globalcom’s vendor and carrier agnostic, hybrid network provisioning approach has been enthusiastically received across the world. Multiple new contracts or extensions have already been signed, significantly contributing to Reliance Globalcom’s positive end-of-year financial results:

Reliance Globalcom reported the following on March 31, 2009:

Revenue increased by 23% from INR15,257 million (US$323.653 million) 4Q 2008 to INR18,803 million (US$398.876 million) 4Q 2009

“A clear trend has emerged among global organizations looking to secure savings in their network management, reflected in the positive financial results of Reliance Communications. Consolidation of existing technology suppliers while also investing in bandwidth hungry, collaborative applications ensures their geographically diverse workforce can operate with increased efficiency,” said Owen Best - President Asia-Pacific, Reliance Globalcom. “By offering a full portfolio of IP MPLS, Ethernet and IPLC managed services, all through a single point of management utilizing best-in-breed partners across 230 countries and territories in the world, our customers have not only reduced total cost of ownership of their networks, but increased functionality.”

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