NEW DELHI, April 21 Indian conglomerate Reliance
Industries' telecommunications unit, which holds
nationwide 4G permits, has agreed to lease mobile phone masts
from infrastructure provider American Tower Corporation's (ATC)
local arm, the companies said in a statement on Monday.
Reliance Jio Infocomm's agreement with ATC India Tower
Corporation comes after its tower-leasing pacts with local firms
Reliance Communications, Bharti Infratel and
Viom Networks. Reliance Jio also has an agreement with Bharti
Infratel's parent Bharti Airtel to share network.
Reliance Jio and ATC India did not give financial details of
the agreement. ATC India has 11,000 mobile phone towers in the
country, according to the statement.
Reliance Industries, controlled by India's richest man,
Mukesh Ambani, bought 4G airwaves in a 2010 government sale, but
is yet to launch services. It added some airwaves it can use to
offer 4G services from an auction this year.
Boston-headquartered ATC has 67,000 mobile phone towers
across 13 countries, according to the statement.
(Reporting by Aditi Shah; Editing by Sunil Nair)