RCom signs Rs 10,000-cr tower-sharing deal with Etisalat-Swan | india | Hindustan Times
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RCom signs Rs 10,000-cr tower-sharing deal with Etisalat-Swan

india Updated: Jul 22, 2009 17:08 IST

Etisalat DB, a 45 per cent shareholder in new telecom operator Swan, on Wednesday entered into a Rs 10,000-crore infrastructure-sharing deal with Anil Ambani group firm Reliance Communications for 10 years.

Etisalat DB, a joint venture between the UAE’s Etisalat and country-based Dynamix Balwas Group, plans to start telecom operations in the country by the end of this year. The JV has mobile licences to offer services in 15 telecom circles including Delhi.

Under the long-term passive infrastructure sharing agreement, Etisalat DB and its subsidiary will outsource their telecom infrastructure for 15 telecom circles, a joint statement said.

The deal will include outsourcing end-to-end tower infrastructure to Reliance Infratel and nationwide transmission infrastructure to RCom.

Etisalat Chairman Mohammad Hassan Omran said, “As a new entrant in this dynamic market, this alliance provides us with key, strategic advantages that will ensure a ... cost-effective roll-out of services.”

Commenting on the deal, ADAG Chairman Anil Ambani said, “This win-win agreement demonstrates Reliance Communications’ capabilities to enable the operators to go to market with a bouquet of telecom infrastructure services. This will ensure a faster rollout, optimum costs ...”