Indus Towers Ltd.

Bharti Infratel, India's leading provider of telecom tower infrastructure has signed a Master Services Agreement (MSA) with Reliance Jio Infocomm (Reliance Jio), a subsidiary of Reliance Industries (RIL) and the first telecom operator to hold Pan India Unified License. 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.

Bharti Infratel is a provider of tower and related infrastructure. It is one of the largest tower infrastructure providers in India, based on the number of towers that Bharti Infratel owns and operates and the number of towers owned or operated by Indus, that are represented by Bharti Infratel’s 42% equity interest in Indus.