New Delhi, Mar 4 (IBNS): Reliance Jio Infocomm Limited, a subsidiary of Reliance Industries Limited (RIL) and the first telecom operator to hold Pan India Unified License, and Bharti Infratel, India's leading provider of telecom tower infrastructure, on Tuesday announced the signing of a Master Services Agreement.
Under the agreement, Reliance Jio would utilize the telecom tower infrastructure of Bharti Infratel to launch its services across the country.
As per the agreement, the pricing would be at 'arm's length,' based on prevailing market rates.
Sanjay Mashruwala, Managing Director, Reliance Jio said, "This agreement is in line with our earlier comprehensive telecom infrastructure sharing arrangement with Bharti Airtel Limited aimed at avoiding duplication of infrastructure, wherever possible, and to preserve capital and the environment. The agreement will help us with the faster roll out of our services across the country."
D S Rawat, CEO - Bharti Infratel Limited said, "We are delighted with this agreement to offer our world-class telecom infrastructure to Reliance Jio. Our vast footprint and high network uptime levels will offer significant synergies of faster access to market and lower operational costs. The agreement would also benefit our existing customers with lower rentals and energy charges as a result of additional sharing. We look forward to a long and mutually beneficial relationship with Reliance Jio."
Reliance Jio Infocomm Limited, Bharti Infratel join hands
No comments yet! Be the first one to leave a comment.
|The Union Minister for Water Resources, River Development and Ganga Rejuvenation Uma Bharti addresses at the annual day meet of the National Projects|
|Actors Manju Bharti, Mukesh Bharti and Preeti Jhangiani at the press conference of film `` Kaash Tum Hote`` in Noida on Dec 2, 2014. (Photo:Amlan Pali|
|Mumbai: Chairperson of Reliance Foundation Nita Ambani, Students participate during Reliance Foundation Jr. NBA Program at a Mumbai school on Dec 2, 2|
More Business News
|Bajaj Pulsar RS200 launched in Bangaluru|
|The COO of 21st Century Fox James Murdoch calls on Arun Jaitley in New Delhi|
|Austria to participate in the establishment of Asian Infrastructure Investment Bank (AIIB)|
|Auction of telecom spectrum concludes after 19 days|
|Ileana DCruz launches Audi showroom in Guwahati|
|Actor Arjun Kapoor with Honor Mobiles president George Zhao and company official Allen Wang at the launch of Honor 6 Plus and 4X|
|Railways launches RuPay pre-paid debit card|