RIL, RCom strike Rs 12,000 crore tower pact

[dinesha2000]

[color=rgb(0,0,0);font-family:Tahoma, Arial, Georgia;]Mukesh Ambani-controlled [/color]Reliance Jio[color=rgb(0,0,0);font-family:Tahoma, Arial, Georgia;] Infocomm has signed a Rs 12,000-crore tower sharing deal with Anil Ambani-controlled Reliance Communications ([/color]RCom[color=rgb(0,0,0);font-family:Tahoma, Arial, Georgia;]).[/color]

[color=rgb(0,0,0);font-family:Tahoma, Arial, Georgia;]“Under the terms of the agreement, Reliance Jio Infocomm will utilise upto 45,000 ground and rooftop based towers across RCom’s nationwide network for accelerated roll-out of its state-of-the-art 4G services,” Reliance Communications said in a statement, on Friday.[/color]

[color=rgb(0,0,0);font-family:Tahoma, Arial, Georgia;]The agreement provides for joint working arrangements to configure the scope of additional towers to be built at new locations to ensure deep penetration and seamless delivery of next generation services.[/color]

[color=rgb(0,0,0);font-family:Tahoma, Arial, Georgia;]This agreement follows the Rs 1,200 crore inter-city optic-fiber sharing agreement signed by the two companies in April.[/color]

http://www.business-standard.com/article/companies/reliance-comm-reliance-jio-sign-tower-sharing-pact-113060700177_1.html

 

[madhusudhan7]

& in the most recent news the actual launch date is now rumored to be only around next year. I at least hope some decent plans & connectivity after taking 3+ years to launch, else this will be yet another useless ISP

 

[mega_processor]

well rcom needs to improve their infrastructure in south India and some parts of north India,otherwise they are taking jio infotel down..

 

[madhusudhan7]

well rcom needs to improve their infrastructure in south India and some parts of north India,otherwise they are taking jio infotel down..
Yes, Agreed. Their network in Bangalore isn't that great already