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\n MUMBAI: Embattled Reliance Communications<\/a> is laying a 68,000-km undersea cable to carry data across Europe and Asia, to be built at a cost of USD 600 million.<\/p>\n \n\tThe system, which will connect its base in India with Italy to the West and Hong Kong on the East, is expected to treble revenues in five years for its wholly-owned subsidiary Global Cloud Exchange, which is laying the cable, the company said here today.<\/p>\n \n\tIt is expected to be operational by the third quarter of 2020 and will have a revenue potential of USD 1 billion per year, RCom's chief executive Bill Barney told reporters.<\/p>\n \n\tThe new cable will increase its total capacity by ten times as against the current capacity, he added.<\/p>\n \n\tSaddled with a debt of Rs 45,000 crore, the Anil Ambani-led company exited the consumer-facing wireless business late last year, to focus on the enterprise segment.<\/p>\n The size of what is being billed as the \"new RCom\" is much smaller but it is expected to be much leaner. Late last month the company sold its spectrum to elder brother-run Reliance Jio<\/a> for an estimated Rs 23,000 crore which helped it skirt a slew of insolvency petitions and eventual liquidation.<\/p>\n \n\tThe cable will be financed by partners, whose numbers can go up till 30, he said, adding the company expects to get over USD 700 million through such pre-sales as against the cost of USD 600 million.<\/p>\n It has already tied up with six partners, including Alibaba<\/a>, for the cable and raised USD 300 million in commitments, he said. \n\tBarney said the company expects a spurt in IT and telecom activity in the country over the next five to ten years, due to which it is betting on the cable business.<\/p>\nThe cable potentially reaches over 75 per cent of the youth in the globe, which is also very educated, he said. 孟买:陷入困境信实电信是铺设68000公里的海底电缆传输数据在欧洲和亚洲,建成,耗资6亿美元。 将连接的系统,其在印度的基础与意大利在东、西方和香港预计将在五年内收入的三倍全球云交换其全资子公司,铺设电缆,公司今天说。 预计由2020年第三季度的运营,将有一个每年10亿美元的收入潜力,信实电信首席执行官比尔巴尼告诉记者。 新的电缆将其总容量增加十倍对当前的能力,他补充说。 背负着债务45000卢比,Anil Ambani-led去年年底公司退出了面向用户的无线业务,专注于企业部门。 什么大小的被誉为“新RCom”要小得多,但它预计将更加灵活。上月末,该公司出售了其谱的兄弟依赖Jio估计有23000卢比的帮助它裙子一系列破产请愿和最终清算。 电缆将由合作伙伴的数量可以到30,他补充说,该公司希望通过等预售获得超过7亿美元对6亿美元的成本。 它已经与6个合作伙伴,其中包括阿里巴巴,有线电视和筹集了3亿美元的承诺,他说。 巴尼表示,该公司预计一个冲刺和电信活动在未来的五到十年,由于它赌有线电视业务。
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\n\tALSO READ: RCom unveils mega debt resolution plan to exit SDR<\/a><\/strong><\/p>\n
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\nALSO READ: China Development Bank withdraws insolvency petition against Reliance Communications<\/a><\/strong>\n\n<\/body>","next_sibling":[{"msid":62521218,"title":"Reliance Jio to manufacture mobiles and set top boxes in West Bengal: Mukesh Ambani","entity_type":"ARTICLE","link":"\/news\/reliance-jio-to-manufacture-mobiles-and-set-top-boxes-in-west-bengal-mukesh-ambani\/62521218","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":62522083,"entity_type":"ARTICLE","title":"Reliance Communications to build $600-mn submarine cables","synopsis":"It is expected to be operational by the third quarter of 2020 and will have a revenue potential of USD 1 billion per year, RCom's chief executive Bill Barney told reporters.","titleseo":"telecomnews\/rcom-to-build-600-mn-submarine-cables","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":232,"shares":0,"engagementtimems":880000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2018-01-16 14:29:53","lastupd":"2018-01-16 14:52:31","breadcrumbTags":["Alibaba","Anil Ambani","submarine cable","Reliance communications","industry","Reliance Jio"],"secinfo":{"seolocation":"telecomnews\/rcom-to-build-600-mn-submarine-cables"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2018-01-16" data-index="article_1">
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