Reliance Jio Infocomm (Reliance Jio), a subsidiary of Reliance Industries (RIL) and the first telecom operator to hold Pan India Unified License has signed a Master Services Agreement (MSA) with Bharti Infratel, India's leading provider of telecom tower infrastructure. Under the agreement, Reliance Jio would utilize the telecom tower infrastructure of Bharti Infratel to launch its services across the country. As per the agreement, the pricing would be at 'arm's length', based on prevailing market rates.
RIL is an oil refining, petrochemicals and upstream (mainly natural gas at present) company. It has two highly complex refineries with combined capacity of 1.24 million barrels per day and domestic proved reserves of 660 million barrel of oil equivalent as at end-March 2013.
