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Monday, 23 November 2009 04:48 UAE time

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India's Reliance Comm, S Tel in tower deal

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Saturday, 29 August 2009
NEW DEAL: S Tel would have access to 10,000 of RComms towers in six service areas. (Getty Images)
NEW DEAL: S Tel would have access to 10,000 of RComms towers in six service areas. (Getty Images)

India mobile firms Reliance Communications and S Tel, in which Bahrain Telecommunications Co (Batelco) agreed to buy a 49 percent stake in January have agreed to share infrastructure including mobile towers, the companies said on Friday.

S Tel would have access to 10,000 of Reliance Communications' towers in six service areas, the companies said.

Financial details were not disclosed.

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On Thursday, the Economic Times had reported the firms were looking at a 10-year tower-sharing deal that would bring in about up to 1 billion rupees ($20m) in annual revenue for Reliance Communications. ($1=48.9 rupees). (Reuters)

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