Mukesh Ambani-led Reliance Jio Infocomm Ltd. and brother Anil Ambani's Reliance Communications Ltd. have signed an agreement for sharing RCom's intra-city optic fiber infrastructure, the third co-operation pact between the brothers.
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.
The agreement is based on arm's length pricing at prevailing market prices.
The Ambani brothers' two companies' comprehensive business co-operation now covers three pacts- for sharing inter-city optic fiber, nationwide tower infrastructure and intra-city fiber.
"Other initiatives for mutual co-operation are also under discussion," the two companies said in a joint statement.
RCom's intra-city optic fiber network extends to nearly 500,000 fiber pair kilometres, across the top more than 300 cities and towns in India.
"This third agreement further strengthens the comprehensive framework of business co-operation between Reliance Jio Infocomm and Reliance Communications, following the inter-city optic fiber sharing agreement signed in April 2013, and the nationwide telecom towers infrastructure sharing agreement signed in August 2013," the joint statement said.
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