Reliance Communications (RCOM) is in advanced levels of discussion with Reliance Jio Infocomm Limited (RJIL) for entering into a spectrum sharing and trading agreement. The two operators are likely to share or trade spectrum in the 800-850 MHz band. The agreement will allow RCOM’s customers access to RJIL’s 4G networks on an asset-light and minimal capex model. At the same time, it will allow RJIL’s subscribers to have a back up in the form of RCOM's extensive 2G and 3G networks.

Meanwhile, RCOM is also planning to sell its stake in Reliance Infratel. This is expected to help the operator in reducing its overall debt which stands at about Rs 380 billion as of June 2015.