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Reliance Industries unit signs pact with Bharti for cable network

Source : REUTERS
Last Updated: Tue, Apr 23, 2013 06:13 hrs
A woman walks past a poster of Reliance Industries installed outside the venue of the company's annual general meeting in Mumbai

Reliance Industries ' telecommunications arm will use Bharti Airtel's submarine cable network to provide data connectivity across Asia Pacific, the two Indian companies said on Tuesday.

The i2i cable network connects India to Singapore and is wholly owned by Bharti, India's top mobile phone carrier.

Bharti and Reliance Jio Infocomm Ltd, unit of Mukesh Ambani-controlled Reliance Industries, will continue to build on this "strategic framework" and consider other mutual areas of cooperation and development, they said.

Earlier this month, Reliance Jio signed a deal worth 12 billion rupees ($221 million) to share Reliance Communications Ltd's fibre optic network to roll out its 4G services. ($1 = 54.1850 rupees)


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