Reliance Jio Infocomm Ltd. on Friday signed a 12,000 crore agreement with Reliance Communications Ltd. for sharing of latter’s nationwide telecom towers infrastructure.
 
“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 Jio said in a statement.

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.

Yesterday RIL Chairman Mukesh Ambani in a message to the shareholders announced that the group would invest Rs 1.5 lakh crore in core business of petrochemicals and oil and gas as well as in retail and telecom sectors in the next 3 years.

Ambani said that 4G Reliance Jio initiative will build scale based on technological superiority, affordability and providing an unparalleled range of services that do not exist today.

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.

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