Reliance Communications to build $600-mn submarine cable
Anil Ambani-led Reliance Communications' (RCom) subsidiary Global Cloud Xchange has said it is laying a 68,000-km undersea cable at a cost of $600 million to carry data across Europe and Asia. RCom co-CEO Bill Barney said the cable is expected to be operational by third quarter of 2020 and will have a revenue potential of $1 billion per year.