Diabytes
Global Cloud Xchange News
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RCOM-GCX said that given the serious nature of the matter, it has already raised the issue with the legal and regulatory authorities concerned.
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The ratings on GCX are driven by its "relatively weak" trading position and its liquidity, it said cautioning that reduction of its cash balance to below USD 40 million could lead to negative rating action.
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Technology giant IBM has partnered Reliance Communications (Rcom) to provide a complete portfolio of cloud services to customers
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Billionaire Anil Ambani-led Reliance Communications (RCOM) and its subsidiary Global Cloud Xchange (GCX) would invest USD 80 million (around Rs 500 crore) to set up four data centres in India over the next 12 months.
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