Reliance Jio Infocomm (RJIL), a subsidiary of the Reliance Industries (RIL), has signed a telecom tower sharing agreement with Ascend Telecom Infrastructure.

Under the agreement, RJIL will utilized the pan-India tower infrastructure of Ascend to launch its 4G services, ensuring a faster and more efficient rollout to its customers.

Ascend is one of the leading innovators in the wireless infrastructure spaces, and has a portfolio of more than 4,500 towers across India.

Sanjay Mashruwala, managing director, Reliance said, ''Our partnership with Ascend Telecom is a continuation of our efforts to forge strategic partnership with key tower infrastructure companies with a view to build a formidable nationwide network. Ultimately its our network coverage footprint that will give our customers the geographical freedom they need to avail our high speed services."     

Shares of the company gained Rs 12.4, or 1.15%, to settle at Rs 1,094.75. The total volume of shares traded was 242,467 at the BSE (Tuesday).