GCX Limited – Operator of Global Fiber Network Files Chapter 11 Citing Competitive Pressures and Failures of Indian Parent RCOM, Agrees Debt-for-Equity Exchange Backstop with Noteholders and Pursues Sales Options

September 15, 2019 − GCX Limited and 15 affiliated Debtors (trading as Global Cloud Xchange, “GCX” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12031. The Debtors, a subsidiary of Indian conglomerate Reliance Communications ("RCOM") are a global data communications service provider,…