December 06, 2016 4:09 PM ET

IT Services

Company Overview of Reliance Globalcom Services, Inc.

Company Overview

Reliance Globalcom Services, Inc. provides managed network and application delivery services for the global enterprise. It provides Ethernet services, including managed metro Ethernet, managed WAN Ethernet, and managed WAN VPLS; managed Ethernet-based financial Extranet service; managed Internet services; colocation services; and international private line service for enterprise connectivity. The company serves various industries, including financial, legal, healthcare, enterprise, education, and government. The company was formerly known as Yipes Enterprise Services, Inc. and changed its name to Reliance Globalcom Services, Inc. in February 2008. The company is based in San Francisco, Calif...

114 Sansome Street

11th Floor

San Francisco, CA 94104

United States

Phone:

415-901-2000

Fax:

415-901-2201

Key Executives for Reliance Globalcom Services, Inc.

Chief Executive Officer
Age: 50
Co-Founder and Strategic Advisor
President and Chief Operating Officer of Enterprise
President of New Data Business Unit
Age: 52
Senior Director of Information Technology
Compensation as of Fiscal Year 2016.

Reliance Globalcom Services, Inc. Key Developments

Reliance Communications To Monetize Noncore Assets

Reliance Communications Ltd. (NSEI:RCOM) intends to monetize its noncore assets in order to reduce the debt-to-Ebidta ratio to about 3 in 18-24 months. The company intends to hive off DTH business, divest stake in international operations at Reliance Globalcom Services, Inc. and a possible divestment in its tower unit Reliance Infratel Limited, among others. “We are looking to bring down our debt-to-Ebidta ratio to around 3 within 18-24 months and are looking at monetising our non-core assets to deleverage the balance sheet,” Reliance Communications’ (RCom) Chief Executive Officer (consumer business) Gurdeep Singh said. He added: “For this, we are looking at hiving off the DTH business, stake sale in our international operations at Reliance Globalcom, monetization of our real estate assets, as well as a possible divestment in Reliance Infratel, which handles our towers portfolio.”

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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