Reliance Jio, GTL Infra ink tower-sharing deal

GTL Infrastructure, along with Chennai Community Infrastructure Ltd, runs greater than 27,800 towers unfold throughout 22 telecom areas in India and serves all the main telecom operators.

That is the seventh tower-sharing settlement that Reliance Jio Infocomm has solid with telecom tower house owners in India.

Previous to Thursday’s partnership with GTL Infra, Reliance Jio signed a sharing settlement with Ascend Telecom Infrastructure Pvt. Ltd on 3 June for 4,500 towers. On 15 Might, Reliance Jio signed an settlement with Tower Imaginative and prescient India Pvt. Ltd for 8,400 towers. On 21 April, Reliance Jio signed an settlement with ATC India Tower Corp. for his or her 11,000 towers.

On 17 March, it signed an settlement with Viom Networks for 42,000 towers. On 4 March, it entered into an infrastructure sharing settlement with Bharti Infratel Ltd, which included use of its 35,000 towers. Reliance Jio has additionally signed three offers with Anil Ambani’s Reliance Communications Ltd for inter-city and intra-city optic fibre and infrastructure that features using the latter’s 45,000 towers.

“Our mission is to launch a pan India next-generation voice and information providers. We’ll construct the identical by means of a considered mixture of personal construct and rented infrastructure. This settlement with GTL Infra just isn’t solely a step in that path however will even assist us speed up our roll-out,” mentioned Sanjay Mashruwala, managing director, Reliance Jio Infocomm.

“The launch of 4G networks and the rise within the consumption of information providers is a progress driver for tower firms, and we at GTL Infra are geared as much as seize the chance. Our portfolio will play an vital function in rolling out broadband networks particularly in areas like North East, and South the place we maintain a management place,” mentioned Charudatta Naik, group chief govt officer of World Group, the holding firm of GTL Infra.

Shares of GTL closed at 3.01, up 4.51%, whereas the benchmark Sensex closed at 27,112.21 factors, gaining 1.81%.

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