Reliance Jio Infocomm, a subsidiary of Reliance Industries Limited (RIL) and Ascend Telecom Infrastructure Pvt. Ltd. Under this deal, Reliance Jio would utilize Ascend Telecom’s 4500 towers across India for its 4G roll out. The company is backed by New Silk Route Growth Capital, IL&FS and the TVS Group.
This is the 7th tower sharing deal Reliance Jio has signed. The company recently partnered with Tower Vision. It already has tie-ups with ATC India, Viom Networks, Bharti Infratel, Reliance Communications and Bharti Airtel. Last year Reliance Jio received unified License for all its 22 service areas across India. Reliance Jio plans to roll out 4G LTE including voice services later this year.
Regarding the new tie-up, Sanjay Mashruwala, Managing Director, Reliance Jio said,
Our partnership with Ascend Telecom is a continuation of our efforts to forge strategic partnership with key tower infrastructure companies with a view to build a formidable nationwide network. Ultimately it’s our network coverage footprint that will give our customers the geographical freedom they need to avail our high speed services.
Sushil Kumar Chaturvedi, Director & CEO, Ascend Telecom Infrastructure Pvt. Ltd, said,
Our 12 years’ experience in the market, coupled with strong relationships with mobile network operators and equipment suppliers, allows us to bring improvements right across the value chain. We are excited about the opportunity to partner with RJIL for the launch of their 4G services