Reliance Comm unit ties up with UK’s Vanco

Reliance Comm unit ties up with UK’s Vanco
Comment E-mail Print Share
First Published: Tue, Sep 18 2007. 06 16 PM IST
Updated: Tue, Sep 18 2007. 06 16 PM IST
Reuters
Mumbai: FLAG Telecom Group Ltd, a unit of Reliance Communications confirmed signing a deal with UK-based Vanco Plc, that will help it expand its virtual private network services while adding enterprise customers.
The five-year agreement will add 81 countries to FLAG’s VPN network, taking the number to more than 100, Punit Garg, president of the submarine cable firm.
Vanco Plc is a virtual network operator which does not own telecoms assets but sources infrastructure from carriers.
“Our customers will benefit from FLAG’s strong coverage, especially into India and the Middle East, which are among the fastest growing markets in the world,” Allen Timpany, chief executive of Vanco, said in the statement.
Shares in Reliance Communications rose 1.2% to Rs537.30 in a firm Mumbai market. At 1157 GMT, Vanco shares were trading 3.2% down at 227 pence on the London Stock Exchange.
Comment E-mail Print Share
First Published: Tue, Sep 18 2007. 06 16 PM IST