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    Reliance Jio and RCom sign deal worth Rs 12,000 crore for tower sharing

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    Reliance Jio and RCom sign deal worth Rs 12,000 crore
    Reliance Communications: Quotes, News
    BSE 2.20BSE Quote0.11 (-5.00%)
    NSE 2.40NSE Quote0.1 (-4.17%)
    Reliance Industries: Quotes, News
    BSE 1382.90BSE Quote37.6 (2.72%)
    NSE 1385.95NSE Quote42.2 (3.04%)
    Reliance Jio Infocomm Ltd and Reliance Communications (RCOM) have signed an agreement for sharing of RCOM's nationwide telecom towers infrastructure. The deal valued at Rs 12,000 crores would help Reliance to roll out 4g services faster.
     

    "Under the terms of the agreement, Reliance Jio Infocomm will utilize 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.

    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," RCOM said in a release.

    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.

    GoodReturns.in

    Read more about: rcom reliance
    Story first published: Friday, June 7, 2013, 11:39 [IST]
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