RIL telecoms unit in tower lease pact with ATC

NEW DELHI Mon Apr 21, 2014 10:17am IST

Telecommunication towers are pictured through hanging flower pots at a residential building in Kolkata December 11, 2012. REUTERS/Rupak De Chowdhuri/Files

Telecommunication towers are pictured through hanging flower pots at a residential building in Kolkata December 11, 2012.

Credit: Reuters/Rupak De Chowdhuri/Files

Related Topics

Stocks

   
Border Security Force (BSF) soldiers ride their camels as they rehearse for the "Beating the Retreat" ceremony in New Delhi January 27, 2015. REUTERS/Ahmad Masood

"Beating The Retreat" Rehearsals

Rehearsals are on for "Beating the Retreat" ceremony which symbolises retreat after a day on the battlefield, and marks the official end of the Republic Day celebrations.  Slideshow 

NEW DELHI (Reuters) - Conglomerate Reliance Industries'(RELI.NS) telecommunications unit, which holds nationwide 4G permits, has agreed to lease mobile phone masts from infrastructure provider American Tower Corporation's (ATC) (AMT.N) local arm, the companies said in a statement on Monday.

Reliance Jio Infocomm's agreement with ATC India Tower Corporation comes after its tower-leasing pacts with local firms Reliance Communications (RLCM.NS), Bharti Infratel (BHRI.NS) and Viom Networks. Reliance Jio also has an agreement with Bharti Infratel's parent Bharti Airtel (BRTI.NS) to share network.

Reliance Jio and ATC India did not give financial details of the agreement. ATC India has 11,000 mobile phone towers in the country, according to the statement.

Reliance Industries, controlled by India's richest man, Mukesh Ambani, bought 4G airwaves in a 2010 government sale, but is yet to launch services. It added some airwaves it can use to offer 4G services from an auction this year.

Boston-headquartered ATC has 67,000 mobile phone towers across 13 countries, according to the statement.

(Reporting by Aditi Shah; Editing by Sunil Nair)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Reuters Showcase

Vodafone Ruling

Vodafone Ruling

Government will not appeal Vodafone tax ruling   Full Article 

Indian Railways

Indian Railways

Private refiners compete with state firm to sell diesel to railways   Full Article 

Ranbaxy Results

Ranbaxy Results

Dec-quarter net loss widens on forex loss  Full Article 

Market Eye

Market Eye

Sensex, Nifty retreat from record highs on profit-taking.  Full Article 

Tech Talk

Tech Talk

Apple takes high road in China smartphone standoff with Xiaomi.  Full Article 

Business Strategy

Business Strategy

Uber scraps commissions for its New Delhi taxis.  Full Article 

Job Cuts

Job Cuts

Sony to cut 1,000 jobs in smartphone business - sources.  Full Article 

Reuters India Mobile

Reuters India Mobile

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