Wednesday, May 21, 2008

Reliance Globalcom to Acquire VANCO, a Virtual Network Operator

Reliance Globalcom Ltd, a subsidiary of Reliance Communications, has agreed to acquire UK-based Global Managed Network Services. Media sources valued the deal at around GBP 39 million.

Vanco is a Virtual Network Operator (VNO) based in the UK. The company leases telecom infrastructure and capacity from other carriers to deliver its managed network services. Vanco's services include the design, integration, implementation, security and management of global corporate networks. Vanco's customers, who rely on Vanco through long-term service agreements for the successful functioning of their business critical network communications, include Accor, Avis Europe, British Airways, Bureau Veritas, Ford Motor Company, IBM/Lloyds TSB and Pilkington. Vanco currently has over 200 enterprise customers.

Reliance Globalcom, a division of Reliance Communications, spearheads the Global Telecom operations of India's largest Integrated Telecom Service Provider. Reliance Globalcom brings together the synergies of Reliance Communications Global Business encompassing Enterprise Services, Capacity Sales, Managed Services and a bouquet of Retail products & services comprising of Global Voice, Internet Solutions and Value Added Services. The company said its customer list includes over 1000 enterprises, 200 carriers and 1.5 million retail customers in 50 countries across 5 continents.http://www.relianceglobalcom.com

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