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Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (RCom), plans to lay a submarine cable from Mumbai to Italy and to Hong Kong totalling 22,000 km at a cost of $600 million to carry data across Europe and Asia.
This will increase GCX’s subsea cable length to 90,680 km.
As part of its strategic plan, the Eagle express submarine cable systems will be self-financed, with no upfront financing or investment requirements from the parent firm and will help treble the subsidiary’s revenues to $1 billion in the next five years.
“The cloud and fibre 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, chief executive officer of RCom, and chairman and CEO, GCX.
GCX has entered into key partnerships to expand its cloud ecosystem and data centre footprint, the company said in a statement.
RCom added that this helped the company gain an edge in the next wave of technology growth.