Mukesh
Ambani’s Reliance Jio Infocomm will use the nationwide optic fibre
network of Anil ambani’s Reliance Communications Ltd. for a one-time fee
of Rs. 1,200 crore.
Eight years after parting ways, Mukesh Ambani and Anil Ambani on Tuesday started a business collaboration that would allow Reliance Jio Infocomm, controlled by Mukesh, to use the nationwide optic fibre network of Anil’s Reliance Communications Ltd. for a one-time fee of Rs. 1,200 crore.
When the Reliance group partitioned in 2005, Mukesh Ambani got Reliance Industries while telecom business along with power, infrastructure and finance went to Anil Ambani.
The ambanies amended the non competing agreement which allowed Reliance Industries entered telecom by buying Infotel Broadband Services Ltd. that owned radio-wave spectrum for high-speed broadband services.
Reliance Jio Infocomm Ltd is now all set to launch 4G services, by using the optic fiber network The telecom venture, now called Reliance Jio Infocomm Ltd., is preparing to launch 4G services, which would be served by accessing the optic fibre network.
However the mobile phone companies consider it as a backdoor entry into the cellular market which opted for an internet-only licence.
Eight years after parting ways, Mukesh Ambani and Anil Ambani on Tuesday started a business collaboration that would allow Reliance Jio Infocomm, controlled by Mukesh, to use the nationwide optic fibre network of Anil’s Reliance Communications Ltd. for a one-time fee of Rs. 1,200 crore.
When the Reliance group partitioned in 2005, Mukesh Ambani got Reliance Industries while telecom business along with power, infrastructure and finance went to Anil Ambani.
The ambanies amended the non competing agreement which allowed Reliance Industries entered telecom by buying Infotel Broadband Services Ltd. that owned radio-wave spectrum for high-speed broadband services.
Reliance Jio Infocomm Ltd is now all set to launch 4G services, by using the optic fiber network The telecom venture, now called Reliance Jio Infocomm Ltd., is preparing to launch 4G services, which would be served by accessing the optic fibre network.
However the mobile phone companies consider it as a backdoor entry into the cellular market which opted for an internet-only licence.
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