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Reliance Industries’ telecom arm inks MSA with Indus Towers

23 Sep 2014 Evaluate

Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (RJio), the only pan India operator with BWA spectrum preparing to launch 4G services has inked a Master Services Agreement (MSA) with Indus Towers, for tower infrastructure sharing.

Under the agreement, Reliance Jio would utilize the telecom tower infrastructure services being provided by Indus Towers to launch its services across the country. As per the agreement, the pricing would be based on prevailing market rates.

The agreement will help in avoiding duplication of infrastructure and preserving the environment. It will also ensure seamless services to Reliance Jio customers through Indus’ world class tower infrastructure.

Peers
Company Name CMP
Reliance Industries 1206.80
Indian Oil Corpn. 130.40
Bharat PetroleumCorp 296.50
HPCL 343.70
MRPL 182.00
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