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

   

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

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

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