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 social networking giant Facebook is constantly discovering newer ways to cater its audience and keep its users happy and connected. 
 
Now, in the series, Facebook is...

The one of the largest group of industries of India, Reliance Industries is planning to expand further to a new region, perhaps with the influence of gradually changing scenario of businesses and cons...

According to recent reports, the one of the giant customer centric company of India, Reliance Jio Infocomm is gearing up to launch the much awaited 4th generation telecom services by 2015. And hence,...

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

The social networking giant Facebook undoubtedly covers the largest segment of internet users, even in India. And, now that it has launched internet.org in the country, it has a wider and explicit vie...

Fashion and lifestyle has become a global priority for Amazon, with its growing importance in Indian online retail space. To serve this priority, Amazon is continuously striving to strengthen its work...

The tech giants are always on a battle field and everyone aims to capture the maximum of users by their services and solutions. Here is a Microsoft’s latest move to restrain the support to rival...

This is widely known that the Aam Aadmi Party won in Delhi polls by offering freebies like WiFi. And, now it’s the time to deliver. But, our focus of this report is something else that can be th...

Since the current CEO of Infosys Vishal Sikka took over in 2014, there has been many structural developments in the company, appointments of many executives, motivational moves within the organization...

The social networking leader Facebook is undoubtedly on the constantly growing track that opens into various business horizons and results in overall exceptional development. Here, we have come up wit...

The country’s leading eRetail company Flipkart is undergoing massive re-organization at present, as the company is working on reducing its losses and making its IPO ready. 
 

The tech giant IBM has signed an agreement with IT major Tech Mahindra with an aim to develop a platform for making cloud based applications for clients like Bluemix that will boost hybrid services ad...

Online shopping is not new but yes online shopping of used goods is something that has emerged in recent times. After the success of online buying and selling of all kinds of new goods, the concept of...

The industry layoff story is still continuing and seems to take furthermore ahead to end. Here, we have come up with another layoff report about a tech major. 
 
IGate is reportedl...
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:


 
 



 


 
Naresh Padhee, Founder & CEO, QCS Communication Technologi..

Naresh Padhee

Founder & CEO , QCS Communication ..

Naresh Padhee, Founder & CEO, QCS Communication Technologies, talks about netw..

 

PK Karnik

SVP & GM - High Tech Business , Infogain

PK Karnik, SVP & GM - High Tech Business, Infogain, t..

Alok Chawla

Founder , Gizmobaba.com

Alok Chawla, founder of Gizmobaba.com, talks about on..

 


 
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.