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 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.
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 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.
Blogger Comment
Facebook Comment