Reliance Jio Infocomm, Videocon Telecom sign deal for faster, affordable services

Reliance Jio has signed an agreement to share 500 towers of Videocon in UP(W), UP(E), Bihar as it aims to roll out its high speed data at a lower cost.

By ET Bureau | Jul 08, 2014, 04.00 AM IST

NEW DELHI: Reliance Jio Infocomm has signed an agreement to share 500 towers of Videocon Telecom in UP(W), UP(E), Bihar and Jharkhand, as the Mukesh Ambani-owned company aims to roll out its high speed data and voice services faster and at a lower cost across India.

Videocon Telecom managing director Arvind Bali said that the telco plans to deploy 6,000 additional towers within a year for rolling out its 4G services, which may also be shared with Reliance Jio going forward. The company will also explore additional tie ups with the unit of Reliance Industries for 4G network sharing, optical fibre network sharing, internet broadband services and other mutually conducive opportunities, Bali added.

Start a SIP with as low as ₹500 with ET Money App!