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Aircel, a major player of Indian telecom, has entered into an agreement with Datacom Solutions of Videocon group, to share the towers. The deal is worth $400-million.
The deal will enable Datacom, which will roll out its services later, to use the 5,000 Aircel towers for a period of 16 months.
Aircel, which possesses about 15,000 towers across India, will in turn be adding value by increasing tenancy and reducing costs across its towers.
"This is a landmark deal and unique opportunity for Datacom to go faster on its pan-India rollout," said V.N. Dhoot, chairman and managing director of the Videocon group.
"Access to Aircel's towers will help meet our aggressive rollout targets. We are also rolling out our own towers and for those towers, we would like to have other operators as tenants," he added.
