Shortly after Annual Meeting of Reliance Industries, the company announced that Reliance Jio and Reliance Communications signed comprehensive agreement for sharing later’s nationwide tower infrastructure. This deal follows the inter city optic fiber network sharing deal between two companies in April, 2013. The deal is expected to be valued at Rs 12,000 crore (more than $2 billion) during the lifetime... 

In the 39th Annual General Meeting (AGM) Reliance Industries chairman Mukesh Ambani mentioned Reliance Jio as the company’s digital services initiative, though kept mum regarding Reliance Jio’s roll out plans. RIL backed Reliance Jio will not a just another broadband service provider, but aims to become a global leader in delivery of digital content, applications and services. The official statement...