Wednesday, April 3, 2013

Reliance Jio Infocomm and Reliance Communications pen agreement

INDIA: Reliance Jio Infocomm Ltd and Reliance Communications Ltd have announced the signing of a definitive agreement for approximately Rs. 1,200 crore as one time indefeasible right to use (IRU) fees for sharing RCOM’s nationwide inter-city fiber optic network infrastructure.

Under the terms of the agreement, Reliance Jio Infocomm will utilize multiple fiber pairs across RCOM’s 1,20,000 kilometres inter-city fiber optic network to provide a robust and future-proof backbone for rolling out its state-of-the-art 4G services.

As per the agreement, Reliance Communications will in turn have reciprocal access to optic fiber infrastructure to be built by Reliance Jio Infocomm in the future.

The agreement provides for joint working arrangements to be put in place immediately for upgradation of the optic fiber network, to ensure seamless delivery of next generation services.

This agreement is the first in an intended comprehensive framework of business co-operation between Reliance Jio Infocomm and Reliance Communications to provide for optimal utilization of the existing and future infrastructure of both companies on reciprocal basis, including inter alia, inter-city fiber, intra-city fiber, towers and related assets.

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