Mukesh Ambani''s Reliance Jio Infocomm (Rjio) Has Signed A Definitive Agreement By Paying Rs1,200 Crore As A Fee To Anil Ambani''s Reliance Communications (Rcom) For Using Its Inter-City Fibre Optic Network. Under The Agreement, Rjio Would Use Rcom''s Multiple Fibre Pairs Spread Over 1.2 Lakh Km Across The Country For Providing Backbone To Roll Out Its 4G Services. Rjio Would Pay About Rs1,200 Crore To Rcom As One Time Indefeasible Right To Use (IRU) Fees For Sharing The Fibre Optic Network. The Agreement Is The First In A Series Of Deals Between The Companies. The Next Deal Is Likely To Be For Sharing Rcom’s Tower Infrastructure And Under-Sea Cable Network.
Project Value
INR 1200 Crore /-
MoU Signed
Not Specified
India
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