Ambani to Mittal: We can have a collaborative partnership
This is second time Reliance Industries Chairman Mukesh Ambani is extending a friendly hand towards Bharti Airtel's Sunil Mittal. In April, their companies joined hands to share capacity of a submarine cable.business Updated: Dec 09, 2013 21:23 IST
Reliance Industries Chairman Mukesh Ambani on Monday said his company is open to joining hands with Sunil Mittal's Bharti Airtel for improving telecom network for 4G services in Punjab.
The two companies also announced their separate plans of investing a total of Rs 6,500 crore on digital infrastructure for 4G telecom services in the state.
"Punjabis are the brand ambassadors of India. We are present in Punjab in manufacturing, retail. We are also rolling out our first digital infrastructure for 4G in the state with an investment of about Rs 2,500 crore," Ambani said at the Progressive Punjab Summit in Mohali.
"For further enhancing the digital experience, we can have a collaborative partnership with our friend Mr Mittal," Ambani said.
Meanwhile, Bharti Airtel signed an initial agreement with the Punjab government committing an investment of Rs 4,000 crore towards building digital infrastructure for 4G services, Aitel has already rolled out 4G services in select cities, including in Chandigarh and Mohali.
Reliance Jio Infocomm is the only company which has pan-India airwaves that can be used for 4G services very high speed wireless broadband services.
This is second time Ambani is extending a friendly hand towards Mittal.
In April, their companies joined hands to share capacity of a submarine cable.
Last week, minister of state for communication and IT Milind Deora sharing a dais with Prime Minister Manmohan Singh appealed to the telecom industry to sort out differences among them for development of the sector.