Ambani brothers to sign spectrum pact

New Delhi: Reliance communication and Reliance Jio, led by Anil Ambani and Mukesh Ambani, have announced pact for trading and sharing of scarce airwaves, or radio frequency spectrum, in the 800 MHz band, virtually covering the entire nation. A roaming agreement has also been signed.

The pact for trading involves a change in spectrum allotment from the Anil Ambani-led Reliance Communications to Mukesh Ambani-led Reliance Jio over nine circles and that for sharing between the two companies covers 17 circles, the two entities said.

“The spectrum arrangements between Reliance Jio Infocom and Reliance Communications will result in network synergies, enhanced network capacity and will optimise spectrum utilisation and capex (capital expenditure) efficiencies,” the companies said in separate statements.

“Both operators anticipate considerable savings in operating costs and future investment in networks.”(IANS)(Image-Ibtimes)