27 May 2008
Indian communications services firm Reliance Globalcom, has bought a 100 per cent stake in virtual network operator (VNO) Vanco Group Limited for $76.9m.
Communications giants BT, AT & T, T-Systems and NTT were also competing to secure Vanco's large enterprise customer contracts, which include British Airways, Avis Europe and Siemens, a portfolio which Vanco said would add £185m to Reliance Globalcom's annual revenue through these long term contracts.
Vanco said its peak capitalisation value was around £380m, and that it currently serves 200 clients globally, operating in all 230 countries.
Reliance Globalcom is a communications subsidiary of Reliance communications.
The USP (unique selling proposition) of a Virtual Network Operator like Vanco is completely destroyed when being overtaken by a carrier/telco. The nature of the business is that it relies heavily on independent purchasing advantages.
This is becoming more aparent from the remarks made by Puneet Gerg in his interview that he will push his own telco platform. Good thing is that switching to independent VNO is a doable option.
Posted by: Bou Maupie 29 May 2008
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