Ambani brothers in Rs. 12000-cr telecom tower sharing pact,Anil ambani,mukesh ambani, new multi billion deal, telecom deal, tower sharing, pact, telecom venture, new business deals in india

The two telecom ventures headed by the Ambani brothers, Mukesh and Anil, on Friday announced yet another accord - this time to share the nation-wide telecom towers infrastructure of Reliance Communications.

 

The aggregate value is at over Rs.12,000 crore (more that $2 billion)during the lifetime of the deal, the companies said.

 

"Under the terms of the agreement, Reliance Jio Infocomm will utilise up to 45,000 ground and rooftop-based towers across Reliance Communication's nationwide network for accelerated roll-out of its state-of-the-art 4G services," a company statement said.

 

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