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Reliance Communications consolidates Global Telecom Business Reliance Communications Ltd on February 20, 2008 has announced a new umbrella brand "Reliance Globalcom" for all its Global initiatives. Reliance Globalcom brings under its fold a diverse portfolio of global communications business services, including Global Voice, Managed Network, Carrier Ethernet, and Fiber Capacity Businesses into a single group. "In creating Reliance Globalcom, we are aligning our global communications strategies into a single vision to create one of the top five global communications Companies in the world," said Mr. Anil D Ambani, Chairman of Reliance Communications. "Reliance Globalcom, structured to serve the existing and emerging fast growing demands of our Global customers, would add significant value for the shareholders of India largest and most profitable Telecom enterprise". Reliance Globalcom would target the fast growing potential in the Global Telecom arena with annual addressable revenue potential of $ 285 Bn (Rs 1,14,000 crore). With the consolidation of the Global Business, Reliance Globalcom will have annualized start-up revenues of US$ 1.32 Bn (Rs 5279 crore) and EBIDTA of US $ 334 Mn (Rs 1337 crore). "Reliance Globalcom" will deliver a broad portfolio of data and voice services spanning across the Enterprise, Wholesale, Managed Services and Consumer segments by leveraging FLAG's global telecom infrastructure and Yipes expertise in the plug-n-play Ethernet technology. The voice services popularly known as Reliance India Call, Reliance Global call, Reliance Netcall and Reliance Passport will also come under the fold of "Reliance Globalcom". Under this significant Consolidation to accelerate the growth of Global Business, Reliance Communications also announced the alignment of its subsidiaries. Yipes Enterprise Services Inc has changed its name to Reliance Globalcom Services Inc. and will now represent the Enterprise Division of the Company. The product portfolio of FLAG Telecom, world's largest undersea cable system, has been rebranded as "Reliance FLAG". Managed Services division of Reliance Globalcom would tap the exponential growth potential in the emerging areas of Network Operating Center, Hosting & Storage Services, Call Center Solutions and Voice Portal amongst others. Reliance Globalcom will have presence in over 50 countries including the top twenty financial centers in the world, including New York, London, Tokyo, Paris, Chicago, Toronto, Frankfurt, Seoul, Taipei, Hong Kong, Beijing, Shanghai, San Francisco, Los Angeles, Singapore, Rome and Milan. Reliance Globalcom would leverage the world class fully IP-enabled Global Infrastructure of Reliance Communications, and its subsidiaries, including 1,75,000 km of optic fibre and 20,000 km of Ethernet backbone in the US.