Reliance Jio signs tower-leasing agreement with Viom
Reliance Jio Infocomm Ltd, the telecommunications arm of Mukesh Ambani-owned Reliance Industries Ltd (RIL), has signed a tower-sharing agreement with Viom Networks for rolling out 4G services.
Viom Networks, which is a joint venture between India's SREI Infrastructure and Tata Teleservices, has 42,000 mobile phone towers across the country.
RIL purchased 4G airwaves in a government sale in 2010, and added some more airwaves it can use to deliver 4G services from an auction this year, but it has yet to launch services.
Speaking about the deal, Reliance Jio MD Sanjay Mashruwala said, "This agreement is in line with our mission of a Pan India launch spanning next-generation voice and data services and leveraging existing telecom infrastructure."
He added that the company was looking forward to partner with Viom Networks for rolling out its next-generation voice and data services across the country.
Viom CEO Syed Safawi said they were delighted to partner with Reliance jio, adding that its on-time reliable project delivery ability, and optimal operation & maintenance cost offered a great value package.
However, neither of the two parties disclosed the financial terms of the deal.
Viom is Reliance Jio's third partner for leasing towers. Earlier, Reliance Jio signed tower-leasing agreements with Reliance Communications Ltd and Bharti Infratel.