04:26 pm - Wednesday 22 November 2017

Reliance Jio ready to join hands with Bharti Airtel, plans to invest Rs 2,500 crore in Punjab

By insightVAS - Tue Dec 10, 12:28 pm

Mukesh Ambani led Reliance Industries announced that his company is open to join hands with Bharti Airtel for improving telecom network for 4G services in Punjab. Both the companies also announced their separate plans of investing a total of Rs 6,500 crore in 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 here. “For further enhancing the digital experience, we can have a collaborative partnership with our friend Mr Mittal,” Ambani said. Sunil Bharti Mittal is the chairman of Bharti Airtel.

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. Airtel 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 the second time that Ambani is extending a friendly hand towards Mittal. In April, their companies joined hands to share capacity of a submarine cable.

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