Indian telco Reliance Globalcom is to pay $76.9 million for the UK's virtual network operator Vanco, which sourcingfocus.com reported recently has been in financial difficulties and had lost its founding CEO.

Reliance says that the deal is part of a strategy of increasing its share of the international telecoms market. Vanco will provide Reliance with a European enterprise arm, with an established base in the UK, France, Germany and the US.

• However, sourcingfocus.com believes that Vanco's real asset remains its detailed technical map of the world's telecoms infrastructure, which would offer a logical foundation for consultancy services, especially to the world's emerging economies.