Pan India 4G spectrum holder Reliance Jio Infocomm and Bharti Infratel, today announced the signing of a Master Services Agreement for tower infrastructure sharing.
Under the agreement, Reliance Jio would utilize the telecom tower infrastructure of Bharti Infratel to launch its 4G Mobile and Data services across all circles. As per the agreement, the pricing would be at ‘arm’s length,’ based on prevailing market rates.
Sanjay Mashruwala, Managing Director, Reliance Jio said, “This agreement is in line with our earlier comprehensive telecom infrastructure sharing arrangement with Bharti Airtel Limited aimed at avoiding duplication of infrastructure, wherever possible, and to preserve capital and the environment. The agreement will help us with the faster roll out of our services across the country.”
D S Rawat, CEO – Bharti Infratel Limited said, “We are delighted with this agreement to offer our world-class telecom infrastructure to Reliance Jio. Our vast footprint and high network uptime levels will offer significant synergies of faster access to market and lower operational costs. The agreement would also benefit our existing customers with lower rentals and energy charges as a result of additional sharing. We look forward to a long and mutually beneficial relationship with Reliance Jio.”