Reliance Industries Ltd.

Mukesh Ambani-controlled Reliance Jio Infocomm, subsidiary of Reliance Industries, has signed a Rs 12,000-crore deal with Anil Ambani-controlled Reliance Communications (RCom), under which the former will use the latter’s telecom tower assets for digital broadband services. The deal was a much expected one, as RIL had inked deal to utilize R-Com optic fibre cable network last month.

Under the terms of the agreement, Reliance Jio Infocomm will utilize upto 45,000 ground and rooftop based towers across RCom’s nationwide network for accelerated roll-out of its state-of-the-art 4G services.

Reliance Jio, which acquired broadband spectrum for roughly 13,000 crore, is expected to launch fourth-generation (4G) services only in FY15. The company plans to offer mobile-based enterprise solutions for small-scale businesses, full-scale mobile services and voice-over internet.