Reliance Comm gains on hopes of deal with Reliance Industries

MUMBAI Tue Jan 22, 2013 10:21am IST

Related Topics

Stocks

   

MUMBAI Jan 22 (Reuters) - Reliance Communications shares rose as much as 3.2 percent after The Economic Times reported the company was in preliminary talks with Reliance Industries Ltd for a mobile network sharing deal.

The deal could involve Reliance Infratel Ltd, a unit of Reliance Communications, leasing out capacity in some of its mobile towers to Reliance Industries, the newspaper reported, citing two executives aware of the development.

Reliance Industries is planning to roll out high speed mobile data services.

Reliance Communications shares were up 2.8 percent as of 0446 GMT while shares in Reliance Industries were up 1 percent. (Reporting by Abhishek Vishnoi and Rafael Nam; Editing by Anupama Dwivedi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Drug Pricing

REUTERS SHOWCASE

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Alibaba Listing

Alibaba Listing

Alibaba surges on massive demand in trading debut  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Apple Not Cool?

Apple Not Cool?

Some consumers say Apple is losing its "cool" factor  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage