Mukesh Ambani-led Reliance Industries (RIL) is most likely to use the towers and fibre optic cables of Reliance Communications, according to a report by Economic Times.

The shares of RCOM gained after the news about a possible collaboration surfaced. RIL could use the telecom assets of the ADAG company to launch its own wireless services in the country. Reliance Industries is reportedly planning to launch cheaper tablet devices for Rs. 6,000 a piece. And will support the tablet with telecom infrastructure of Rcom in the country.

RIL is likely to use the towers and fibre optic cables of RCOM for providing high-speed data services. The report points out that partnership will not include equity investment by RIL in RCOM. RIL is expected to source most of its materials from Rcom.

The new partnership will be the first between the firms of Ambani brothers after they decided to go their separate ways in 2005. Reliance Communications has a $ 7.5 billion in debt and efforts to reduce the level of dept have failed.

The shares of the company touched an intraday high of Rs 80.05 and an intraday low of Rs 78.55. They were trading at Rs 79.30, up Rs 1.90, or 2.45% on the stock exchange in Mumbai.