Undoing the divide - Reliance Jio merges into Rcom; promising handfuls
Added On:4/3/2013 10:27:00 AM

Reliance Communications has officially joined hands and declared the reunion of Reliance Jio with Rcom. Mukesh Ambani will be taking a re-entry in the telecom business with the partnership of Rcom and it will be using the latter’s 1,20,000 km optic fibre network to its benefit across the country.

Rs 1,200 crore will be invested by Reliance Jio for a one time indefeasible right to use RCom's optic fibre network of 1,20,000 km, which would help the latter in providing a strong foundation for its yet-to-launch 4G LTE services.

In return, Anil Ambani's RCom can use Reliance Jio's yet to be built optic fibre infrastructure in the near future.

In the Bombay Stock Exchange filling, RCom stated that the agreement provides joint working arrangement to be put in place for up gradation of the existing optic fibre network, capable of delivering next generation services like LTE.

It also adds that it is the first in an intended comprehensive framework of business cooperation between the two companies which implies that there are much more than these kinds of agreements for partnerships in the pipeline.

4G services are therefore expected to be launched by Reliance Jio by the end of this calendar year.

 

 

For latest IT news, checkout itvoir.com

From ITvoir News Desk.



Tags: Reliance Jio, RCom
  

Related News

The Indian giant, Reliance Industries has reportedly accelerated its efforts to begin 4G telecom services in the country. 
 
“We have now reinforced the effort...

Reliance Industries is all set to upsurge Indian telecom region with 4G. Reliance is the only national license holder of 4G spectrum.
 
The company plans to offer not only high speed da...

Soon after the Cabinet Committee on Economic Affairs (CCEA) announced the allowance of price raise to be affected by April 2014, Reliance Industries BSE counted a gain of 1.57 percent which is almost...

News Archive - News
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15    Older>>  

The networking giant, Facebook has been continuously rising with its mobile advertising business. The mobile advertising business of Facebook has observed an accelerated growth in the f...

In its announcements on Wednesday, Apple has shared that it has sold more iPhones in the first quarter ending this March of this year, than even the worst of analysts’ expectation...

With a vision to bolster its banking and financial services processes, Wipro is further empowering its partnership with Opera Solutions, a data analytics firm that will ship its proprie...

The next Apple 5.5 inch iPhone version is now delayed for the next year, according to reports. It notified that Apple is struggling to find a compatible battery for new iPhone’s t...

The technology major, IBM has been continuously endeavouring to accelerate its hardware products and this time the company has attempted to revive it with launching high-end system serv...

According to recent report released by WhatsApp, the leading messaging application is continuing to expand its user base with an astounding pace. 
 
The application not has crossed...

The globally renowned mobile manufacturers, Google and HTC are all set for a renewed collaboration deal. 
 
The two enterprises earlier came together for the wo...

The second largest mobile phone company in India, Micromax has begun manufacturing and developing handsets in India at the Rudraprayag facility in Uttarakhand state. 
 

The giant Microsoft has collaborated with HP and Pearson for launching tablets aimed at higher educational students of engineering and management subjects. 
 
The th...

As the Nokia – Microsoft $7.2 billion deal is reportedly about to conclude by this week, the Chennai plant can be turned into a contract manufacturing facility.&nbs...
Top
Tags

Information provided on this page has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions.ITVoir.com, and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this page, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.
ITVoir.com,its affiliates, information providers and content providers shall have no liability for investment decisions or other actions taken or made by you based on the information provided.

Computer Vendors In India 
Computer Vendors In India - Delhi [Delhi]
Computer Vendors In India - Chandigarh [Punjab]
Computer Vendors In India - Mumbai [Maharashtra]
Computer Vendors In India - Banglore [Karnataka]
Computer Vendors In India - Agra[Uttar Pradesh]
Computer Vendors In India -Chennai[Tamil Nadu]
Computer Vendors In India - Kolkatta [West Bengal]
Computer Vendors In India - Kochi [Kerela]
Computer Vendors In India - Nagpur [Maharashtra]
Computer Vendors In India - Gurgaon[Haryana]
Follow us on:



 
 



 


 
Mr. Harish, Country Manager, India, ComGuard Infosol, talk..

Harish Rai

Country Manager, India , ComGuard Infosol

Mr. Harish, Country Manager, India, ComGuard Infosol, talks about the company

 

Rajesh Gupta

Country Manager, India , SanDisk

Rajesh Gupta, Country Manager, SanDisk India, talks a..

AMbarish

Founder & CEO , Knowlarity Communication

Mr. AMbarish said, "We're very bullish about the oppo..

 


 
SanDisk Global Product Launch_Hon Wai Cheah Gavin Wu and Manisha Sood unveiling the new product rangeIntel India announced the launch of Intel Future Scientist program in the state of KarnatakaPuneet Chadha, Director GSB, HP-IPG & Siddharth Malhotra, Director Arun&Rajive Pvt. Ltd. - unveiling the HP Wall ArtSeagate Back-up Plus Launch – (L-R) Mr. Futoshi Nizuma, Mr. Benshen Teh, Mr. Nermount Hoh and Mr. Rajesh Khurana unveiling the new product. Toshiba launches AOC TV appoints Ms. Kalki Koechlin as the Brand Ambassador; showcases new range of LCD & LED TVsFujitsu Launches two new Ultrabooks, LIFEBOOK    UH572  and LIFEBOOK    U772 in India. Asus associates with Intel and Microsoft launches mainstream Ultrabooks S Series and Thin and Light notebooks F series. L- R Mr. Unaez Quraishi, Sales, Mr. Alex Huang, MD,  System business Group, Asus India, Mr. Sumeet Gugnani, Director - Multinational Accounts, Microsoft India - Mr. Sandeep Aurora, Director of Marketing, Intel South Asia.