Tuesday, April 2, 2013

Reliance Companies Reach Fiber Sharing Deal

Reliance Jio Infocomm Ltd. and Reliance Communications reached a deal under which Reliance Jio Infocomm will share multiple fiber pairs on RCOM’s nationwide inter-city fiber optic network infrastructure.

As per the agreement, Reliance Communications will in turn have reciprocal access to optic fiber infrastructure to be built by Reliance Jio Infocomm in the future.

The deal, which was valued at approximately Rs. 1,200 crore (US$221 million), also represents a reconciliation between the Ambani brothers.


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