New Delhi: Mukesh Ambani-owned Reliance Jio Infocomm Limited has tied up with Bharti Infratel, a subsidiary of Bharti Enterprises, to utilise the latter's telecom tower infrastructure to launch its services across the country. The two companies have adoped ‘arm's length' approach on pricing, which will be based on prevailing market rates.
"Under the agreement, Reliance Jio would utilise the telecom tower infrastructure of Bharti Infratel to launch its services across the country," it added.
According to sources, Reliance Jio, the telecom arm of Reliance Industries is likely to launch its 4G services by September this year starting from Delhi and Mumbai.
"This agreement is in line with our earlier comprehensive telecom infrastructure sharing arrangement with Bharti Airtel Limited aimed at avoiding duplication of infrastructure, wherever possible, and to preserve capital and the environment," Reliance Jio MD Sanjay Mashruwala said.
Bharti Airtel and Reliance Jio had last year announced a comprehensive arrangement for sharing telecom infrastructure.