Reliance Jio Infocomm has signed a deal with Reliance Communications to lease the latter’s fibre optic infrastructure within cities. Pricing of the leases will be determined depending on the prevailing market price at the time Jio starts to use the network, the two companies said in separate but similar statements Monday.
RCom, Reliance Jio Ink Third Co-Operation Pact
Under the terms of the agreement, Reliance Jio Infocomm will utilise RCom’s nationwide intra-city fiber network for rolling out its 4G services across the country.
RIL, Reliance Comm in Another Telecom Pact
Reliance Jio last year agreed to lease Reliance Communications’ inter-city fibre for its 4G network, in the first business tie-up between the once-feuding Ambani brothers. Later in the year, it signed a $2.1 billion pact for leasing Reliance Communications’ mobile phone towers.