Reliance Communications share gains on hopes of deal with Reliance Industries
The deal could involve Reliance Infratel Ltd, a unit of Reliance Communications, leasing out capacity in some of its mobile towers to Reliance Industries, the newspaper reported, citing two executives aware of the development.
Reliance Industries is planning to roll out high speed mobile data services.
Reliance Communications shares were up 2.8 per cent as of 0446 GMT while shares in Reliance Industries were up 1 percent.
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