s
Nidhi Land
   Matrimonial |  Properties |  Jobs |  Classifieds |  Ask Doctor |  Live TV |  Cartoon |  Sponsored Greetings |  Astrology  |   Red Chillies |  Tips for life |  Tribute |  Debate




      Search in

Friday, June 07, 2013 12:57:36 PM (IST)  

Ambani brothers in new deal, this time for telecom towers

Mumbai, Jun 7 (IANS): The two telecom ventures headed by the Ambani brothers, Mukesh and Anil, Friday announced yet another accord - this time to share the nation-wide telecom towers infrastructure of Reliance Communications.

The aggregate value is at over Rs.12,000 crore (more that $2 billion) during the lifetime of the deal, the companies said.

"Under the terms of the agreement, Reliance Jio Infocomm will utilise up to 45,000 ground and rooftop-based towers across Reliance Communication's nationwide network for accelerated roll-out of its state-of-the-art 4G services," a company statement said.

"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 accord follows the inter-city optic fiber sharing agreement already signed in April as part of a comprehensive framework of business co-operation between Mukesh Ambani-led Reliance Jio Infocomm and Anil Ambani-led Reliance Communications.

The $220-million agreement was seen as helping Reliance Jio Infocomm to accelerate the roll-out of fourth generation (4G) telecom services.

Reliance Group of Anil Ambani last month said consortium led by Samena Capital was in last stages of due diligence to buy into its global communications arm Reliance Gobalcom - a deal, which market sources said, could value the company at $1-1.2 billion.

Reliance Communications has a customer base of over 130 million, including more than 2.5 million individual overseas retail customers. The company's corporate clientele includes 35,000 Indian and multinational corporations, and over 800 global, regional and domestic carriers.

Reliance Jio has broadband wireless spectrum in 22 out of 23 telecom circles in India, capable of offering 4G services. The pacts with Reliance Communications is expected to help it offer services soon.

 
Print this Article
Email this article to your friend
 
 
Write your Comments
 
News Title Ambani brothers in new deal, this time for telecom towers
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
[Please limit your comments within 2000 characters]

You have characters left.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.
 
Security Validation
Enter the characters in the image above
 
 
Published by Daijiworld Media Pvt Ltd Mangalore
Editor-in-chief : Walter Nandalike


Corporate Office :
Daijiworld Residency,
Airport Road, Bondel Post,
Mangalore - 575 008
Karnataka India
Telephone : +91-824-2982023
City Office :
First Floor,
Divya Deepa Arcade,
Bendorewell, Kankanady,
Mangalore - 575 002
Karnataka India
Telephone : +91-824-4259372
e-mail   General enquiry: office@daijiworld.com, News & Info : news@daijiworld.com

Disclaimer | Privacy Policy | About Us
Copyright 2001 - 2014. All rights reserved.
Our Franchise Offices
Kishoo Enterprises, Maithri Complex, 3rd Floor,
Udupi Service Bus Stand, Udupi, Karnataka. Pin 576101
Telephone : 0091-820-4295571
e-mail : udupi@daijiworld.com
Daijiworld Middle East FZE
P.O.Box: 84772, Dubai, UAE
Tel: 971-50-6597629  Fax: 971-4-2639207
Email: dubai@daijiworld.com