Vanco overgenomen door Reliance Globalcom

Reliance Globalcom onderdeel van het Telecom provider Reliance Communications uit India heeft voor $76,9 miljoen Vanco overgenomen.

Eerder berichten we al de financiƫle misstanden bij Vanco. Deze hebben nu geresulteerd in een versnelde overname door Reliance Globalcom.

Reliance Globalcom Limited, subsidiary of India’s largest integrated telecom Service provider Reliance Communications, today announced signing of an agreement to acquire the London headquartered pioneering Global Managed Network Services, Vanco Group Limited through one of its wholly-owned subsidiary. The acquisition of Vanco would add $365 Million to the annual revenue of Reliance Globalcom through secure Long-term contracts with largest enterprise customers.

“The acquisition of VANCO is in line with Reliance Globalcom’s vision to create one of the Top 5 Global Datacommunications Enterprises in the world”, said Mr. Anil Dhirubhai Ambani, Chairman, Reliance Communications. “The combination of Reliance Globalcom’s extensive capabilities and VANCO’s unique global experience would create a new breed of integrated services communications powerhouse”, he added.

VANCO have over 220 MNC customers, includes AVIS, British Airways, Siemens, Virgin Megastores. VANCO increases the Reliance Globalcom’s tally of enterprise customers to over 1,400.