NEW DELHI, April 7 Reliance Industries Ltd's
telecommunications unit has agreed to use Reliance
Communications Ltd's intra-city fibre network to roll
out 4G services, in what is the third infrastructure-sharing
agreement between the two companies.
Reliance Communications, controlled by billionaire Anil
Ambani, said on Monday a master services agreement signed was
based on "arm's length pricing at prevailing market prices".
Reliance Industries is controlled by India's richest man
Mukesh Ambani, and its telecommunications unit Reliance Jio
Infocomm Ltd is the only company to have nationwide 4G permits.
The company has yet to start commercial services.
Reliance Jio last year agreed to lease Reliance
Communications' inter-city fibre for its 4G network, in the
first business tie-up between the once-feuding Ambani brothers.
Later in the year, it signed a $2.1 billion pact for leasing
Reliance Communications' mobile phone towers.
Reliance Communications had previously said it was in talks
with Reliance Jio to share its intra-city fibre assets.
Reliance Jio has separately signed infrastructure pacts with
mobile phone market leader Bharti Airtel, and tower
companies Bharti Infratel and Viom Networks.
(Reporting by Devidutta Tripathy; Editing by Anand Basu)