associate sponsors

Llyod
HDFC

RCom, Reliance Jio sign intra-city infra sharing pact

New Delhi: Anil Ambani-controlled Reliance Communications (RCom) today signed a master services agreement with Reliance Jio Infocomm for sharing its intra-city optic fiber infrastructure.

As per the deal, Reliance Jio Infocomm, owned by elder brother Mukesh Ambani, will utilise RCom's nationwide intra-city fiber network for accelerated roll-out of its state-of-the-art 4G services across the country.

The agreement is based on arm's length pricing at prevailing market prices, the company said in a statement.

Anil and Mukesh Ambani. Reuters

Anil and Mukesh Ambani. Reuters

This is the third agreement signed between the companies owned by the Ambani brothers.

In April last year, billionaire Ambani brothers struck a Rs 1,200-crore deal under which Mukesh will use his younger sibling Anil's optic fibre network for launch of his telecomventure.

In August, the two firms signed a nationwide telecom towers infrastructure sharing agreement.

RCom's intra-city optic fiber network extends to nearly 500,000 fiber pair kilometres, across the top more than 300 cities and towns in India, it said.

PTI

(Disclosure: The Reliance Group has funded the promoter of Network18, which publishes Firstbiz)


Updated Date: Apr 07, 2014 13:21 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls


{if $hideJSforEU != 'yes'} {/if}