According to sources, Aircel and Reliance Communications are close to entering into telecom infrastructure sharing agreement, estimated to be worth about USD 300 million, which will cover all circles where Aircel has rolled out its telecom services and also the new ones where it expects to launch services soon.
Reliance Communications (RCom) will execute this agreement through its tower subsidiary Reliance Infratel, in which RCom holds a 95 per cent stake.
Published 31 August 2009, 15:14 IST