New Delhi: Reliance Communications` tower business Reliance Infratel is likely to enter into an end-to-end telecom infrastructure agreement with Aircel for towers, voice carriage and bulk bandwidth worth about USD 300 million.
According to sources, Aircel and Reliance Communications
are close to entering into telecom infrastructure sharing
agreement, estimated to be worth about USD 300 million, which
will cover all circles where Aircel has rolled out its telecom
services and also the new ones where it expects to launch
Reliance Communications (RCom) will execute this
agreement through its tower subsidiary Reliance Infratel, in
which RCom holds a 95 per cent stake.
When contacted, a RCOM Spokesperson declined to comment
on the development.
The agreement would provide Aircel access to Reliance
Infratel`s nationwide tower infrastructure comprising 50,000
sites and optic cable fibre backbone. This would help Aircel
optimise its operational costs, while expanding or upgrading
its mobile coverage.
Sources said the agreement is expected to offer RCom a
revenue upside of over Rs 1,500 crore.
RCom already has similar agreements with Etisalat DB and