Global Cloud Xchange appoints Carl Grivner as CEO

Global Cloud Xchange (GCX) has appointed Carl Grivner as Chief Executive Officer.

Grivner previously was the CEO of Colt Technology Services. Before joining Colt, he served three years in Singapore as CEO of Pacnet, directing the global strategy of one of Asia's leading end-to-end communications service providers. Previously, Mr. Grivner held leadership positions for numerous companies, including Cable & Wireless plc, Ameritech, and IBM.

"It is an exciting time to get back into submarine networks, as the demand for global bandwidth is multiplying, and there is an increasing need for fiber optic interconnectivity to support the rising global data traffic," said Carl Grivner. "GCX is in a unique position to support the escalating bandwidth consumption across emerging markets as it owns and operates one of the world's largest private submarine cable systems, which sets the foundation for a robust global service delivery platform."

Global Cloud Xchange emerges from Chapter 11

Wednesday, April 15, 2020  Chapter 11, Global Cloud Xchange  

Global Cloud Xchange's non-regulated businesses, representing a vast majority of the global network and operations, emerged from the Chapter 11 process. The company said its regulated businesses are expected to emerge from bankruptcy later this year following receipt of regulatory approval. Following the Chapter 11 process, GCX will have a stronger capital structure with reduced debt, and access to new working capital that can support its long-term growth. The company will also be moving forward under new ownership of its senior secured noteholders with the commitment and capital to support GCX and its investment in the future.

“I, along with the rest of the GCX management team, am looking forward to the completion of our financial restructuring process so we can fully focus on our strategic direction and future opportunities,” said Rory Cole, Interim CEO of GCX. “We are completing this process having achieved all of the objectives we set out, well positioned to build on our strategic plan and become even more competitive in our industry. GCX is emerging as a leading provider of network services in one of the fastest growing markets in the world that is seeing significant growth in the demand for data services. We are emerging with a strong business, ready to capitalize on this growth and the exciting opportunities ahead.”

 GCX owns one of the world’s largest private undersea cable system spanning more than 68,000 route kms.

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Global Cloud Xchange emerges from Chapter 11

Global Cloud Xchange's non-regulated businesses, representing a vast majority of the global network and operations, emerged from the Chapter 11 process. The company said its regulated businesses are expected to emerge from bankruptcy later this year following receipt of regulatory approval. Following the Chapter 11 process, GCX will have a stronger capital structure with reduced debt, and access to new working capital that can support its long-term growth. The company will also be moving forward under new ownership of its senior secured noteholders with the commitment and capital to support GCX and its investment in the future.

“I, along with the rest of the GCX management team, am looking forward to the completion of our financial restructuring process so we can fully focus on our strategic direction and future opportunities,” said Rory Cole, Interim CEO of GCX. “We are completing this process having achieved all of the objectives we set out, well positioned to build on our strategic plan and become even more competitive in our industry. GCX is emerging as a leading provider of network services in one of the fastest growing markets in the world that is seeing significant growth in the demand for data services. We are emerging with a strong business, ready to capitalize on this growth and the exciting opportunities ahead.”

 GCX owns one of the world’s largest private undersea cable system spanning more than 68,000 route kms.

Global Cloud Xchange names interim CEO

Monday, January 06, 2020  Global Cloud Xchange, People, Subsea  

Global Cloud Xchange appointed Rory Cole as interim CEO, replacing Bill Barney, who is leaving to pursue other professional opportunities.

Cole has served as Chief Financial Officer of GCX since 2014.

The leadership transition comes after the confirmation of the company’s Chapter 11 Plan of Reorganization.

“Rory is a trusted and visionary leader, who has demonstrated a proven ability to guide companies to their next stage of growth and evolution – both as part of the GCX team and in his prior roles transforming large, international telecommunications providers,” said Chris Mallon, Chairman of the Board at GCX. “We are confident Rory is the right person to lead GCX as we conduct the search for a permanent CEO. The GCX Board is thankful to Bill for his leadership, and we wish him well in his future endeavours.”

Cole previously served as the Chief Operating Officer of RCom’s Submarine Cable and Voice business units, as Chief Financial officer of MCI EMEA, a $3.5 billion division of MCI/Worldcom, and as Chief Operating Officer for Verizon’s 85-country International business unit.

Independent Global Cloud Xchange to emerge from bankruptcy

Wednesday, December 04, 2019  Financial, Global Cloud Xchange  

The United States Bankruptcy Court for the District of Delaware confirmed Global Cloud Xchange's Plan of Reorganization, clearing the way for the company to successfully complete its Chapter 11 financial restructuring.

GCX will emerge from Chapter 11. following regulatory approval, as an independent company backed by the strong ownership of its existing senior secured noteholders. Through Chapter 11, the company will have reduced its debt by $150 million and gained access to new working capital to further its strategic plan.

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Global Cloud Xchange names interim CEO

Global Cloud Xchange appointed Rory Cole as interim CEO, replacing Bill Barney, who is leaving to pursue other professional opportunities.

Cole has served as Chief Financial Officer of GCX since 2014.

The leadership transition comes after the confirmation of the company’s Chapter 11 Plan of Reorganization.

“Rory is a trusted and visionary leader, who has demonstrated a proven ability to guide companies to their next stage of growth and evolution – both as part of the GCX team and in his prior roles transforming large, international telecommunications providers,” said Chris Mallon, Chairman of the Board at GCX. “We are confident Rory is the right person to lead GCX as we conduct the search for a permanent CEO. The GCX Board is thankful to Bill for his leadership, and we wish him well in his future endeavours.”

Cole previously served as the Chief Operating Officer of RCom’s Submarine Cable and Voice business units, as Chief Financial officer of MCI EMEA, a $3.5 billion division of MCI/Worldcom, and as Chief Operating Officer for Verizon’s 85-country International business unit.

Independent Global Cloud Xchange to emerge from bankruptcy

Wednesday, December 04, 2019  Financial, Global Cloud Xchange  

The United States Bankruptcy Court for the District of Delaware confirmed Global Cloud Xchange's Plan of Reorganization, clearing the way for the company to successfully complete its Chapter 11 financial restructuring.

GCX will emerge from Chapter 11. following regulatory approval, as an independent company backed by the strong ownership of its existing senior secured noteholders. Through Chapter 11, the company will have reduced its debt by $150 million and gained access to new working capital to further its strategic plan.

GCX owns one of the world’s largest private undersea cable system spanning more than 68,000 route kms.

Read More

Independent Global Cloud Xchange to emerge from bankruptcy

The United States Bankruptcy Court for the District of Delaware confirmed Global Cloud Xchange's Plan of Reorganization, clearing the way for the company to successfully complete its Chapter 11 financial restructuring.

GCX will emerge from Chapter 11. following regulatory approval, as an independent company backed by the strong ownership of its existing senior secured noteholders. Through Chapter 11, the company will have reduced its debt by $150 million and gained access to new working capital to further its strategic plan.

GCX owns one of the world’s largest private undersea cable system spanning more than 68,000 route kms.

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Global Cloud Xchange to emerge from Chapter 11 as a standalone company

Following earlier efforts to sell the company, Global Cloud Xchange (GCX) has decided that the best way to maximize value and position its businesses for long-term growth and success is through a standalone Plan of Reorganization .

GCX owns one of the world’s largest private undersea cable system spanning more than 68,000 route kms.

Under the terms of the proposed plan, which was first announced on 15 September 2019 with support from more than 75 percent of the company's lenders, GCX will reduce debt by $150 million, access new working capital and emerge as an independent company backed by the strong ownership of its existing senior secured noteholders.

GCX said it hopes to emerge from Chapter 11 following a court date of December 4th.

“While we had a responsibility to evaluate all potential opportunities, we at GCX are thrilled to move forward as an independent company supported by a group of existing lenders that believe in our team and the opportunities ahead of us,” said Bill Barney, Chairman and CEO of GCX. “We are confident this ownership structure – and the additional financial strength it provides – will allow us to continue to honor our commitments to employees, customers and suppliers, build upon our strategic plan and emerge as an even stronger company.”

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Reliance Comm to self-finance its Eagle subsea cable system

Reliance Communications has stated that its plans to self-finance its recently-announced, state-of-the-art express cable network which will extend from India via Thailand to Hong Kong and from India across the Middle East to Italy. The vision is to create a Next-Generation IP and Cloud environment across the emerging markets corridor that encompasses the Middle East into Europe, as well as the large economies of China, India and Indonesia.

The Eagle cable system, targeted for completion by the end of 2020, will be four/six fiber pair systems, with an initial design capacity of 12-24Tbps per fiber pair, using Next-Generation Coherent Submarine Fiber.

Reliance Comm's Global Cloud Xchange (GCX) has also entered into key partnerships to expand its Cloud ecosystem and data center footprint, further solidifying India’s position as a key global hub with a strategic edge in the next wave of technology growth and expansion across emerging markets.

GCX owns the world’s largest private undersea cable system spanning more than 67,000 route km which, seamlessly integrated with Reliance Communications’ 200,000 route km of domestic optic fiber backbone, provides a robust Global Service Delivery Platform.

“The Cloud and Fiber initiative is our response to the key requirements in the global marketplace, driven by the explosive growth in Cloud and infrastructure programs by enterprises around the world,” said Bill Barney, CEO of Reliance Communications & Chairman/CEO, Global Cloud Xchange. “Nearly half of the world’s population is reachable with a short distance from India’s borders, giving the country a strategic edge in the new Digital Era. This initiative levels the playing field for India’s companies to compete globally.”

Earlier this month, Reliance Jio Infocomm, the fastest growing mobile operator in the world and which is a subsidiary of Reliance Industries Limited, agreed to acquire specified assets of Reliance Communications Limited and its affiliates.

The sale includes assets under four categories – Towers, Optic Fiber Cable Network, Spectrum and Media Convergence Nodes, specifically:

• 122.4 MHz of 4G Spectrum in the 800/900/1800/2100 MHz bands 
• Over 43,000 towers, amongst the top 3 independent tower holdings in India 
• ~ 1,78,000 RKM of fiber with pan India footprint 
• 248 Media Convergence Nodes, covering ~5 Million sqft used for hosting telecom infrastructure

The deal was valued at US$$3.77 billion, according to media reports

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Reliance's Global Cloud Xchange plans terabit subsea system

Global Cloud Xchange (GCX), which is a subsidiary of Reliance Communications (RCOM), is launching a “Cloud and Fiber Initiative” featuring a new submarine cable system connecting the most populated areas in the world.

The new "EAGLE express" cable system will avoid the outage-prone Malacca Strait, instead choosing another route that will be the fastest on the market, according to the company. EAGLE will go east from Mumbai via Thailand to Hong Kong, running approximately 7,750 km with landing points in Singapore and other branching units delivering high-speed capacity to and from its India hub.  EAGLE going west will route from Mumbai via the Middle East to Italy with almost 8,900 km of diverse routing and landing points within the Mediterranean and low latency subsea routing from Europe to India and beyond.

The new cable network will be four/six fiber pair systems with an initial design capacity of 12-24Tbps per fiber pair, using next-generation Coherent Submarine Fiber. It will also feature flexible landing station technology and will allow companies to rent and own subsea capacity from speeds of 10 Gbps to several 100s of Gbps between India and key technology centers across Asia, Middle East, and Europe. The anticipated ready-for-service date is late 2020.

Key partnerships are being finalized and vendor selection discussions are underway.

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Global Cloud Xchange Announces 100G Rollout in India

Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (RCOM), announced 100G interconnection of facilities across seven capital cities in India, while providing connectivity between the international gateways in Chennai and Mumbai.

The new network will interconnect with RCOM’s established network of data centers, connected by India's largest terrestrial fiber network which connects seamlessly into GCX’s global subsea infrastructure.

“Chennai and Mumbai are both powerhouse cities and gateways for the major tech and financial institutions doing business across the Indian sub-continent,” said Bill Barney, Co-CEO, Reliance Communications and Chairman & CEO, GCX. “The new Cumulous Network will complement our digital backbone as we complete deployment of our Cloud infrastructure across India.”

“The new Cumulous Network will be a vital backbone to meet soaring demands of new applications such as the company’s new initiatives in the Internet of Things, the deployment of Cloud infrastructure as well as the continued expansion of enterprise franchise in India,” said Wilfred Kwan, Chief Operation Officer, Reliance Communications (Enterprise) and GCX.

This announcement comes after the company announced a massive deleveraging of its assets through a wireless merger with Aircel, a tower divestment with Brookfield and most recently the sale of its Yipes business in North America.

http://www.globalcloudxchange.com
http://www.rcom.co.in

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Reliance/GCX Launch SD-WAN

Reliance Communications & Global Cloud Xchange are teaming up to offer a global SD-WAN solution for enterprises.  The service delivers enhanced MPLS class VPN connectivity for enterprises, featuring low cost, Cloud-based, secure routing across the world’s largest subsea cable infrastructure.

“In today’s market, it is evident that SD WAN is rapidly gaining momentum as it offers an innovative way to adapt traditional WANs to Cloud services,” said Bill Barney, CEO, RCOM (Enterprise) and GCX. “Cloud X WAN, was developed to address the market, offering an affordable solution which embraces flexibility, scalability and enhanced security.”

RCOM/GCX’s Cloud X WAN will provide cloud-based managed services globally across the company’s proprietary CLOUD X platform; a leading edge Cloud ecosystem and multi-service orchestration platform implemented in key hubs along GCX’s Global subsea network infrastructure.

“Cloud X WAN is an evolution of GCX’s existing hybrid WAN service which already connects more than 20,000 locations to a global MPLS network via the Internet. A simple SD WAN router will form the basic building block, carrying out instructions from a centralized SD WAN controller. This device will perform key routing functions and other virtualized network services as selected in real-time in a portal by the customer” said Braham Singh, SVP, Product Management, RCOM (Enterprise) and GCX.

http://www.globalcloudxchange.com

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Global Cloud Xchange Establishes AWS Direct Connect

Global Cloud Xchange (GCX), a subsidiary of Reliance Communications, has established a direct access to Amazon Web Services (AWS) via GCX's Cloud X Fusion in Sydney.  This provides the ability to establish additional interconnections across multiple locations and offer enterprise customers fast, flexible access to the cloud.

GCX owns the world's largest private undersea cable system spanning more than 67,000 route kms which, seamlessly integrated with Reliance Communications' 200,000 route kms of domestic optic fiber backbone, provides a robust Global Service Delivery Platform.

"Secure, private and reliable connectivity to cloud services is always a key concern for enterprises as they embark on their cloud adoption journey," said Bill Barney, CEO of Global Cloud Xchange. "Using Cloud X Fusion, businesses can take advantage of our enterprise grade connectivity from 90 countries to securely connect their on-premise environments directly into an AWS Direct Connect port over our global infrastructure."

http://www.globalcloudxchange.com/

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Global Cloud Xchange Hires Mark Simpson

Global Cloud Xchange appointed Mark Simpson as President of North America.

Simpson most recently served as CEO of SEACOM Ltd. where he was instrumental in transitioning the company into a profitable organization serving many markets in Africa and international operators.  Prior to SEACOM, Mr. Simpson was President and CEO of Pacific Crossing where he completed the sale of the company to NTT Communications and remained in the role during a one-year transition to maintain the company's strong financial performance post-acquisition.

http://www.globalcloudxchange.com/

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New Pacific Cloud Xchange Cable to Bring 100 x 100Gbps on US-Japan Route

Global Cloud Xchange (formerly Reliance Globalcom) unveiled plans for a new trans-Pacific submarine cable linking California and Japan and designed for flexible access options.

The Pacific Cloud Xchange (PCX) cable will be a four fiber pair system with initial design capacity per fiber pair at 100 x 100 Gbps using next generation Coherent Submarine Fiber. The new system will be ready for service in 2015.

Global Cloud Xchange is currently finalizing its submarine cable vendors and additional partners.  Global Cloud Xchange will announce the awarding of the PCX supply contract in second quarter 2014 and expects to bring the system into commercial service in 2015.

"The cable with its open architecture and flexible landing station technology will allow companies to rent and own subsea capacity from speeds of 10 megabits to 1000 gig between Silicon Valley and key technology centers in Asia and India," said Bill Barney, CEO, Global Cloud Xchange. "With flexible access speeds and open co-location, the system will be designed to allow start-ups and smaller cloud operators to buy and rent fiber affordably in a scalable model."

"The new fiber system, which runs approximately 8,300 kilometers between Japan (Tokyo) and California (Silicon Valley), will create a next generation IP and Cloud environment held together with a single AS number and connecting into Tier III+ data center facilities on the ground," Barney added.

http://www.globalcloudxchange.com

• Global Cloud Xchange owns and operates the world's largest private undersea cable system spanning 67,000 route kms which. The company also has extensive global VPLS-enabled Ethernet

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