Indian 4G hopeful Reliance Jio Infocomm has signed yet another infrastructure sharing agreement, this time with state-owned operator BSNL.
Reliance Jio has inked a deal to allow it to eventually lease around 4,000 mobile towers from BSNL at a base rate of 38,000 rupees ($628) per month for ground-based towers, the Economic Timesreported.
The contract stipulates discounted rates for rooftop towers and a further discount if Reliance Jio commits to lease at least 1,500 towers in the first year.
The operator is the first in India to hold a unified license allowing it to offer services in all 22 telecom circles, and is rolling out a TD-LTE network across the nation. Reliance Jio plans to offer voice as well as data services.
As for BSNL, the deal is a step in the right direction for the government's turnaround plans for the company, which might involve spinning off its tower assets into a separate entity.