RELIANCE JIO INFOCOMM AND RELIANCE COMMUNICATIONS SIGN COMPREHENSIVE
AGREEMENT FOR SHARING OF TOWERS INFRASTRUCTURE
RELIANCE JIO INFOCOMM TO UTILISE UP TO 45,000 SITES FROM RCOM’S EXISTING NATIONWIDE NETWORK FOR ACCELERATED ROLL-OUT OF ITS 4G SERVICES
AGGREGATE VALUE OF OVER RS. 12,000 CRORE (OVER US$ 2 BILLION) DURING
LIFETIME OF THE AGREEMENT
RELIANCE JIO INFOCOMM AND RELIANCE COMMUNICATIONS TO DERIVE MAJOR BENEFITS
FROM SHARING OF CAPITAL AND OPERATING COSTS
TOWER AGREEMENT FOLLOWS INTER-CITY FIBER SHARING AGREEMENT SIGNED AS PART
OF LONG TERM BUSINESS CO-OPERATION FRAMEWORK
Mumbai, 7th June, 2013: Reliance Jio Infocomm Ltd. and Reliance Communications Ltd. today announced the signing of a definitive agreement for sharing of RCOM’s nationwide telecom towers infrastructure.
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.
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.
About Reliance Communications Limited:
Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,600 crore (US$ 16.5 billion), cash flows of Rs. 9,100 crore (US$ 1.7 billion), net profit of Rs. 4,300 crore (US$0.8 billion). Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The Company has a customer base of over 130 million, including over 2.5 million individual overseas retail customers. Reliance Communications corporate clientele includes 35,000 Indian and multinational corporations, and over 800 global, regional and domestic carriers.
Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.Reliance Communications owns and operates the world’s largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.