-44.35 (-3.04%) After cellular market leader Bharti Airtel launched its 4G services, now Reliance Industries is reportedly gearing up to launch the services soon and has accordingly partnered with Himachal Futuristic Communications (HFCL).
HFCL, which has prior experience in this arena, will be handling ground-level execution and management while RIL-owned Infotel Broadband will concentrate on key aspects of the network and monitor the rollout. Thus, RIL has outsourced the contract to HFCL, who has already hired staff on its pay rolls for the said project.
In May 2010, RIL had acquired 95% stake in HFCL’s Infotel Broadband which is the only company to have pan-India airwaves for high-speed internet and data services.