Reliance Globalcom acquires U.K. based Global Managed Network Services provider VANCO Group Limited

• Enhances Reliance Globalcom’s annual revenues by $ 365 million (Rs. 1,550 crores)
• Adds over 220 MNCs to Reliance Globalcom customer base
• Reliance Globalcom Managed Network footprint expands to 163 countries
• Vanco’s peak Market Capitalisation was $ 750 million (Rs. 3,000 crores)

London / Mumbai, May 26th 2008: 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 (Rs. 1,550 crore) 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”.

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