United We Stand: Mukesh’s Jio 4G Partners Brother Anil’s Rcom for Optic Network Sharing
As many speculated, Mukesh Ambani contolled Reliance Jio Infocomm Infocomm( formerly Reliance Infotel Broadband) entered into an partnership with junior Anil Ambani headed Reliance Communications for using later's fiber optic usingnetwork and vice versa. The Rs 1,200-crore would be one time indefeasible right to use (IRU) fees for sharing RCom’s nationwide inter-city fiber optic network infrastructure, the companies said in a statement. The agreement permits Reliance Jio Infocomm to utilise... Read More
