Reliance Jio Infocomm [Jio] and Bharti Airtel announced a comprehensive infrastructure sharing agreement. The deal encompasses fibre (inter- and intra-city), towers, submarine fibre—and in future even joint laying of fibre and roaming on each other’s networks. In future, the arrangement could be extended into roaming on 2G, 3G and 4G networks, and even jointly laying optic fiber etc.
Financial details of the deal were not disclosed except a phrase – arms length pricing which indicates that Jio is willing to pay market prices for the infrastructure and services that it avails from Airtel compared to the deep discounted deals Jio made with Reliance Communications.
Mukesh Ambani delivered a Masterstroke by first silencing his cash starved brother Anil Ambani squeezing the last drop from the two deals
