Monday, Jul 02, 2012
By R. Jai Krishna
NEW DELHI--Reliance Communications Ltd.'s (532712.BY) subsidiary Reliance Globalcom said Monday that it has connected Iraq to its massive undersea network of telecommunications cables.
Reliance Globalcom said in a statement that its Falcon cable network has been connected to the Al-Faw cable landing station, built in partnership with the state-run Iraqi Telecommunications and Post Co.
Reliance Globalcom, which oversees its parent company's global telecom operations, through its own subsidiary owns a cable network spanning 65,000 kilometers, making it one of the largest independent operators of undersea cables in the world.
The connection in Iraq comes as Reliance Communications plans to publicly list shares of its subsidiary Flag Telecom, which owns and operates the majority of Reliance Globalcom's undersea cable network, on the Singapore stock exchange with the goal of raising around $1 billion to reduce its debt.
Write to R. Jai Krishna at krishna.jai@dowjones.com
(END) Dow Jones Newswires
02-07-12 0835GMT
