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Shares of Reliance Communications surged nearly 4% to Rs 57 on the Bombay Stock Exchange (BSE) after the company announced that its had signed a pact with US-based Jasper to deliver IoT (Internet of Things) services across India and make Smart Cities a realty.
"This partnership pairs the capabilities of Reliance's 11 data centres and its Global Cloud Exchange (Cloud X) platform with Jasper's global IoT services platform to enable enterprises to capitalise on IoT services, the company said in a release.
Reliance Communications is Jasper's sole telecom partner in India. Reliance Group companies will be the anchor clients for the IoT rollout in India, the release added.
The stock opened at Rs 55.40 and touched a high of Rs 57.90 on the BSE. At 11AM, over 3.5 million shares were traded on both the stock exchanges.
