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RCom and Reliance Jio likely to sign the tower deal on June 7: Report

06 Jun 2013 Evaluate

Reliance Communication (RCom) and Reliance Industries' (RIL) subsidiary - Reliance Jio Infocomm, reportedly, may sign a tower deal on June 7, 2013. The deal will cover over 40,000 towers of RCom.

Earlier in April, Reliance Jio Infocomm inked a definitive agreement with RCom for approximately Rs 1,200 crore as one time indefeasible right to use (IRU) fees for sharing RCOM’s nationwide inter-city fiber optic network infrastructure.

Peers
Company Name CMP
Bharti Airtel 1833.00
Vodafone Idea 13.20
Indus Towers 385.00
Tata Communications 1660.15
Railtel Corp. India 254.45
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