Jun 21, 2013, 07.06 PM IST
Reliance Communications chief executive Gurdeep Singh told CNBC-TV18 that Reliance Communications (RComm) and 4G network operator Reliance Jio are now working on an intra-city fiber optic network pact that is likely to be concluded in the next two months.
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RComm, Reliance Jio to ink intra-city fiber pact soon
Reliance Communications chief executive Gurdeep Singh told CNBC-TV18 that Reliance Communications (RComm) and 4G network operator Reliance Jio are now working on an intra-city fiber optic network pact that is likely to be concluded in the next two months.
Like this story, share it with millions of investors on M3
RComm, Reliance Jio to ink intra-city fiber pact soon
Reliance Communications chief executive Gurdeep Singh told CNBC-TV18 that Reliance Communications (RComm) and 4G network operator Reliance Jio are now working on an intra-city fiber optic network pact that is likely to be concluded in the next two months.
This deal will help us get benefits beyond the stated Rs 800 to Rs 1,000 crore inflow of rental income from Reliance Jio
Gurdeep Singh
President & CEO-Wireless Biz
RComm
Reliance Communications chief executive Gurdeep Singh told CNBC-TV18 that the company plans to monetise assets and unlock value in Reliance Infratel .
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"This is part of a comprehensive arrangement between RComm and REL Jio where three distinct agreements were to be inked. First was the inter-city fiber pact followed by the tower -sharing agreement that has been announced. We're now working on the intra-city fiber agreement that is scheduled to be inked which we hope to conclude in the next couple of months," Gurdeep Singh said.
"This deal will help us get benefits beyond the stated Rs 800 to Rs 1,000 crore inflow of rental income from Reliance Jio. It also helps us lower our interest burden. Going forward, we plan to unlock the value out of these assets. Now that will be a strong pan-India player on these assets, we will look at possibilities of monetising assets that will help reduce debt," he added.
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