RCom, Reliance Jio sign intra-city infra sharing pact

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.

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 telecom venture.

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.

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E-mail ID will not be published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

  • Bureaucrats have enjoyed flying miles at taxpayer expense for too long

    The beleaguered Indian taxpayer will certainly applaud prime minister Narendra Modi’s attempt to deliver on his promise of cutting down fiscal defic

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

Varun Dutt

<b>Riskfactor</b>: CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture