Reliance Retail-Bharti venture to have communication network

The Rs 250 billion telecom deal that Reliance Retail signed with Bharti Airtel is a venture in mobile and enterprise communication services. A network of 8,000 stores will provide service that include mobile, broadband and leased line services. The plan foresees the network spread across 784 cities and 6,000 towns in the country and expects revenues of over Rs 1,00,000 crore by 2011. The company is also planning to use its pan-India Wimax network (for back-end communication needs) to meet the demands of its retail venture in the long run. To obtain spectrum and lay out of the network, the company plans to invest about $750 million.Reliance Retail has already announced that it would be looking at a GSM-Wimax roll out for its mobile and enterprise communication needs.

Courtesy: EconomicTimes
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