Global Cloud Xchange unveils strategic plan for 2018

Rodiano Bonacci
Gennaio 18, 2018

According to GCX, the construction of its recently-announced Eagle express submarine cable systems spanning from Mumbai-Westward to Italy & Eastward to Hong Kongwill be completely self financed, with no upfront financing or investment requirements from the company.

Yesterday, RCom's wholly-owned subsidiary Global Cloud XChange (GCX) announced plans to build a 68,000-km undersea cable network at a cost of $600 million to carry data to Europe and Asia Pacific regions. The new cable will increase its total capacity by ten times as against the current capacity, he added. The cable will be financed by partners, whose numbers can go up till 30, he said, adding the company expects to garner over Dollars 700 million through such pre-sales as against the cost of USD 600 million. It has already tied up with six partners, including Alibaba, for the cable and raised $300 million in commitments, he added.

Plans are also underway with other key telecom opeartors, OTT and data center partners from across major growth markets to ensure that the "Cloud and Fiber Initiative" delivers infrastructure and bandwidth required to support the next wave of economic growth driven by the Cloud revolution, GCX said. To remind you, late last month, Mukesh Ambani's Reliance Jio Infocomm Ltd bought RCom's wireless assets for reportedly Rs 23,000 crore. Based on state-of-the-art 100G technology, the new cable network will be four/six fiber pair systems, with an initial design capacity of 12-24Tbps per fiber pair, using Next-Generation coherent submarine fiber. "Nearly half of the world's population is reachable with a short distance from India's borders, giving the country a strategic edge in the new Digital Era".

"The demand for global bandwidth connected to Asian countries is expected to increase more than 10-fold between 2017 and 2023, while bandwidth linking Europe to the Middle East and the rest of Asia is forecast to grow seven-fold in the same period", according to Alan Mauldin, research director at TeleGeography.

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