Reliance Jio, Tower Vision in mobile tower pact

Reliance Jio Infocomm has signed a tower sharing deal with Tower Vision, which will help the telecom unit of Reliance Industries roll out its much-awaited high speed data and voice services faster and at a lower cost across India. The deal is for sharing 8,400 towers of Tower Vision, the two companies said in a joint statement. This is Jio's fifth tower sharing agreement after having tied up with Bharti Airtel, Reliance Communications, Viom Towers and ATC India for using their respective tower infrastructures. Jio has also tied up with Bharti and Reliance Communications to lease their optic fibre networks, among other passive infrastructure. Reliance Jio plans to lease around 70,000 towers and put up 30,000 of its own, as it aims to launch 4G voice and data services in the October-December quarter.