RCom CEO steps down to focus on US unit’s bankruptcy process

Bengaluru: Reliance Communications Ltd’s (RCom) Chief Executive Officer Bill Barney will step down but remain as head of its US unit, Global Cloud Xchange (GCX), as it goes through bankruptcy proceedings, GCX said on Tuesday.

GCX, an under-sea cable supplier, expects to complete the liquidation process by the end of the fourth quarter.