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Ambani brothers join hands for Rs 1,200-cr deal
Updated On: 03 April, 2013 03:31 AM IST | | Agencies
Reliance Jio Infocom, Mukesh-Ambani's 4G arm, has inked a pact to use fibre optics network of Anil Ambani's Reliance Communications bringing the billionaire brothers together for the first time since they split the empire in June 2005
Companies run by brothers Mukesh and Anil Ambani yesterday announced a Rs 1,200 crore deal for cooperation in the telecom business.u00a0As per the deal, Mukesh Ambani-led Reliance Jio Infocomm will utilise Anil Ambani-led Reliance Communications’ optical fibre network for fourth generation (4G) telecom services.
Reliance Communications in turn will have reciprocal access to optic fibre infrastructure to be built by Reliance Jio in future.u00a0Reliance Jio is a subsidiary of Reliance Industries.
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