Sunday, June 9, 2013

India's Reliance Reaches US$2 Billion Network Infrastructure Deal

Reliance Jio Infocomm and Reliance Communications signed a definitive agreement for sharing of RCOM’s nationwide telecom towers infrastructure. The companies valued the agreement at US$2 billion, reflecting savings from shared infrastructure and operating costs over multiple years.

Specifically, Reliance Jio Infocomm will utilize up to 45,000 ground and rooftop based towers across RCOM’s nationwide network for accelerated roll-out of 4G services.

The companies will collaborate on additional towers to be built at new locations to ensure deep penetration and
seamless delivery of next generation services.

This agreement follows the inter-city optic fiber sharing agreement already signed in April 2013 as part of a comprehensive framework of business co-operation between Reliance Jio Infocomm and Reliance Communications.