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RIL’s arm inks tower sharing agreement with Ascend Telecom Infrastructure

04 Jun 2014 Evaluate

Reliance Industries’ telecom arm - Reliance Jio Infocomm (RJIL) has signed a tower sharing agreement with Ascend Telecom Infrastructure. Under the agreement, RJIL will utilize the pan-India tower infrastructure of Ascend to launch its 4G services, ensuring a faster and more efficient rollout to its customers.

 Ascend is one of the leading innovators in the wireless infrastructure space, and has a portfolio of more than 4,500 towers across India.

The company has successfully deployed innovative and efficient solutions with reduce provider’ operating costs and carbon footprints. It is at the forefront of leveraging technology to manage infrastructure efficiently. Ascend is backed by New Silk Route Growth Capital, IL&FS and the TVS Group.

Peers
Company Name CMP
Reliance Industries 1210.80
Indian Oil Corpn. 130.45
Bharat PetroleumCorp 297.25
HPCL 346.15
MRPL 180.50
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