- Mukesh Ambani's Reliance Retail wing to hire 85,000 over 5 yrs, eyes 50% growthMukesh Ambani bets on 4G broadband with Reliance Jio Infocomm, but risks aboundReliance Industries quarterly profit up 1.5 pct, meets estimatesMukesh Ambani's Reliance Industries logs rise in profit, turnover tops Rs 1L cr
mobile operator or bidding for 2G/3G spectrum cannot be ruled out.
For instance, in April, Reliance Jio along with Telekom Malaysia, Vodafone Group, Omantel (Oman), Etisalat (UAE)and Dialog Axiata (Sri Lanka) signed a construction and maintenance agreement and supply contract for a submarine ‘Bay Of Bengal Gateway’ cable system. The undersea or submarine cable system will link Southeast Asia, South Asia and West East as well as Europe, Africa and East Asia.
Around the same time it also signed an agreement with competitor Bharti Airtel, which will provide data capacity on its i2i submarine cable laid between India and Singapore.
Though the Mukesh Ambani-controlled company has signed an inter-city fibre optic and tower sharing pact with younger brother Anil Ambani’s Reliance Communications, it has not ruled out building the same in future.
Recently, the company was awarded a facility based operator licence in Singapore that will allow it to buy, operate and sell undersea and terrestrial fibre connectivity, set up internet points of presence, offer internet transit and peering services as well as data and voice roaming services in the city state.