RCom in talks with Iran's TIC to set up cable landing stations

Image
BS Reporter Mumbai
Last Updated : Jan 25 2013 | 2:49 AM IST

Reliance Communications (RCom) is in advanced stages of negotiations with Telecommunication Infrastructure Company (TIC), Iran’s leading telecom service provider, to set up two cable landing stations in the country. The firms are likely to sign a Rs 300-crore pact later this week, followed by a formal announcement.

RCom intends to land its Falcon cable system at Bandar Abbas (in Hormozgan province) and Chabahar (in the Sistan and Baluchestan province) in Iran.

The firm will sell bandwidth to TIC, which in turn, will resell it in Iran, sources said. For Iran, this means setting up a redundancy network, ensuring uninterrupted communications and further rolling out broadband services and e-commerce applications.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 18 2009 | 12:02 AM IST

Next Story