RCom falls after rival Bharti Infratel's pact

Tags: Companies
Shares of Reliance Communications fall 1.7 percent after a unit of rival Bharti Airtel, Bharti Infratel, entered into a tower sharing pact with Reliance Industries.

The deal with Bharti reduces the prospect that Reliance Communications and Reliance Jio Infocomm, the telecoms unit of Reliance Industries, will expand their tower sharing deal from last year.

Reliance Jio Infocomm signed a deal worth 12 billion rupees in June 2013 to share Reliance Communications fibre optic network for 4G services.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture