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Reliance Jio Infocomm (RJIL), a wholly-owned subsidiary of Reliance Industries Ltd, has entered into a tower sharing agreement with the telecom arm of business conglomerate Videocon Group. The agreement with Videocon Telecom is aimed at reducing costs and optimising the telecom usage of telecom infrastructure.
Under this deal, Reliance Jio will get access to Videocon Telecom’s tower infrastructure in circles Videocon Telecom has operations in, the company said in a statement.
The companies will also explore the possibilities of 4G network sharing, optical fibre network sharing, Internet broadband services and other mutually conducive opportunities. While Reliance Jio gears up for its 4G launch across the country, Videocon Telecom has also announced the rollout of its 4G LTE FDD services on 1800MHz across its operational six telecom circles.
“Strategic deals like these go a long way in helping to eliminate the duplication of infrastructure and redundancy, while reducing costs, and improving the quality of service. We are excited about this opportunity to collaborate with Reliance Jio. This to us is just the beginning; possibilities of this arrangement are endless to derive mutual benefits,” Arvind Bali, Director and CEO, Videocon Telecom, said.
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