According to the reports, Reliance may use RCom’s towers and fiber optic cables to offer high-speed data services. This will be the 1st major collaboration between the brothers after their spilt in 2005.
However, this deal will not involve any equity investment by Reliance in RCom, according to the sources.
Besides using towers, Reliance will also use RCom’s transmission facilities like domestic and global long distance networks to carry its data traffic. The partnership will permit Reliance to access about 50,000 towers of Reliance Communications from 1,500 cities in the country.
Reliance is also planning to source GSM-based voice services from Reliance Communications in order to offer them through packed deals to its data customers.
The Ambani brothers had terminated an incomplete agreement in May 2010, which had been in place for 5 years, permitting Reliance Industries to mark a re-entry into telecom. Later, Reliance became the only company to buy licenses for wireless broadband services across the nation for Rs. 13,000 crore. Shares of Reliance Communication were up 2.26% at Rs. 79.15 on the BSE.