RELIANCE JIO INFOCOMM AND RELIANCE COMMUNICATIONSSIGN RS. 1,200 CRORE AGREEMENT FOR SHARINGOF RCOM’S NATIONWIDE OPTIC FIBER NETW

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Printer-friendly versionPrinter-friendly version RELIANCE JIO INFOCOMM TO UTILISE MULTIPLE FIBER PAIRS ACROSS RCOM’S 1,20,000 KMS NATIONWIDE INTER-CITY OPTIC FIBER NETWORK RCOM TO HAVE RECIPROCAL ACCESS TO FIBER INFRASTRUCTURE BUILT BY RELIANCE JIO INFOCOMM IN FUTURE INTER-CITY FIBER SHARING AGREEMENT IS THE FIRST IN A COMPREHENSIVE FRAMEWORK OF INTENDED BUSINESS CO-OPERATION BETWEEN RELIANCE JIO INFOCOMM AND RELIANCE COMMUNICATIONS Mumbai, 2nd April, 2013: Reliance Jio Infocomm Ltd. and Reliance Communications Ltd. today announced the signing of a definitive agreement for approx. Rs. 1,200 crore as one time indefeasible right to use (IRU) fees for sharing RCOM’s nationwide inter-city fiber optic network infrastructure. Under the terms of the agreement, Reliance Jio Infocomm will utilize multiple fiber pairs across RCOM’s 1,20,000 kilometres inter-city fiber optic network to provide a robust and future-proof backbone for rolling out its state-of-the-art 4G services. As per the agreement, Reliance Communications will in turn have reciprocal access to optic fiber infrastructure to be built by Reliance Jio Infocomm in the future. The agreement provides for joint working arrangements to be put in place immediately for upgradation of the optic fiber network, to ensure seamless delivery of next generation services. This agreement is the first in an intended comprehensive framework of business co-operation between Reliance Jio Infocomm and Reliance Communications to provide for optimal utilization of the existing and future infrastructure of both companies on reciprocal basis, including inter alia, inter-city fiber, intra-city fiber, towers and related assets.About Reliance Communications Limited: Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,000 crore (US$ 19.7 billion), cash flows of Rs. 10,900 crore (US$ 2.8 billion), net profit of Rs. 3,600 crore (US$ 0.8 billion). Registered Office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai 400 710. Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 130 million including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 35,000 Indian and multinational corporations, and over 800 global, regional and domestic carriers. Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

News Source : RELIANCE JIO INFOCOMM AND RELIANCE COMMUNICATIONSSIGN RS. 1,200 CRORE AGREEMENT FOR SHARINGOF RCOM’S NATIONWIDE OPTIC FIBER NETWORK

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