Mukesh Ambani-led Reliance Industries Ltd (RIL) on Tuesday signed a deal for using the 'i2i' undersea cable network of Sunil Mittal-led Bharti Airtel between India and Singapore, for RIL's proposed 4G services.
Though the two companies did not announce the deal-size, sources said it was worth about Rs. 110 crore.
Reliance Jio Infocomm (RJI), the subsidiary of RIL, had earlier this month signed an agreement with Reliance Communications (RCOM) for using the latter's optic fibre network for inter-city connectivity.
On Tuesday's deal, a statement by RJI said: "The high speed link will enable RJI to extend its network and service reach to customers across Asia Pacific region. It will connect RJI directly to the world's major business hubs and ISPs, thereby helping the operator meet bandwidth demand and provide ultra-fast data experience to customers."
The statement said the two companies are exploring other mutual areas of cooperation and development, indicating that more deals may emerge in the future.
The i2i cable's landing points are at Chennai in India and Tuas in Singapore. "Reliance Jio will utilise a dedicated fibre pair on i2i. The high speed link will enable Reliance Jio to extend its network and service reach to customers across Asia Pacific region," the statement said.
RJI is rolling out a pan-India 4G network, and plans to set up one of the largest optical fibre cable (OFC) telecom networks at about 1.5 lakh route kilometres. The company has has 20 MHz of spectrum in the 2300 MHz band.
RJI and RCOM are also likely to sign another deal for infrastructure in the telecom business within a fortnight. Sources say the two companies are in the final stages of negotiations for an agreement under which RIL will lease RCOM's towers for its 4G services.