16 April 2013

RELIANCE AND RCOM SHARING TOWERS

After their much-talked about split in 2005, the Ambani brothers have come together to sign a Rs 1,200 crore agreement through which Mukesh Ambani-owned Reliance Jio Infocomm (RJI) will share Anil Ambani-owned Reliance Communications' (RCom ) optic fibre cable (OFC) network.According to the agreement, Reliance Jio will utilise multiple fibre pairs across RCom's 120,000 km of inter-city fibre optic network, while RCom will get Rs 1,200 crore as indefeasible right to use (IRU) fees....
Reliance Industries, controlled by Mukesh Ambani, India's richest person, will pay 12 billion rupees to younger brother Anil Ambani's Reliance Communications for use of its fibre optic network.

The companies said  they could co-operate further in future and the announcement bolstered their share prices.

3 comments:

  1. Good day for indian share market trader because the sensex & nifty touch the upper level after long time today nfity touch the level 5700 & sensex up with 400 pts. in one day
    nifty future tips & stock cash tips

    ReplyDelete
  2. I read your post. That was amazing. Your thought processing is wonderful. The way you tell the thing is awesome. They are inspiring and helpful. Thank you.

    ReplyDelete
  3. Lovely blog!
    And great post! I am really looking forward to your next post.keep posting

    ReplyDelete