Bharti Aritel and Reliance Jio will utilise each other’s infrastructure to provide better quality of services
Reliance Jio Infocomm Ltd (Reliance Jio), a subsidiary of Reliance Industries Ltd (RIL), and Bharti Airtel Ltd (Bharti) has decided to share each other’s telecom infrastructure. No financial details were provided, except the companies said the pricing would be at arm’s length, based on the prevailing market rates.
Under this arrangement, both companies will share infrastructure, including optic fibre network (inter and intra city), submarine cable networks, towers and internet broadband services.
“The cooperation is aimed to avoid duplication of infrastructure, wherever possible, and to preserve capital and the environment. This will also provide redundancy in order to ensure seamless services to customers of the respective parties,” the companies said in a joint statement.
The arrangement, in future, could be extended to roaming on 2G, 3G and 4G, and any other mutually benefiting areas relating to telecommunication including but not limited to jointly laying optic fibre or other forms of infrastructure services, Reliance Jio said.
As part of this arrangement, Bharti and Reliance Jio have already announced an agreement under which Bharti has provided capacity on its i2i submarine cable to Reliance Jio.
On Tuesday, Bharti Airtel closed Rs1.35 down at Rs335.35 on BSE, while benchmark BSE Sensex closed marginally down at 21,255.
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