Ambani brothers in spectrum agreement

New Delhi: Anil Ambani-led Reliance Communications (RCom) has agreed to trade airwaves in 800 MHz band in nine service areas with his elder brother Mukesh Ambani’s Reliance Industries 4G venture Jio Infocomm.

RCom will also share its spectrum in the 800 megahertz band with Reliance Jio Infocomm  in 17 service areas. Both companies also intend to enter into reciprocal intra circle roaming arrangements.

RCom may get around Rs 4,500 crore by trading its radiowaves to Reliance Jio.

These it will used to pay most of the Rs 5,384 crore spectrum liberalisation fee to the department of telecom for 16 circles by January 22.

This will complement Jio LTE services rollout, providing an increased network coverage.