"Our recent channel checks suggest that RJio has completed about 11,000 base station installations nationwide and is possibly targeting 30,000-45,000 base stations by launch. We expect this target to be met by December 2014 or March 2015," said Credit Suisse analysts Sunil Tirumalai and Chunky Shah, Reports, PTI.

Reliance Jio Infocomm Ltd is expected to use between 30,000 and 45,000 mobile towers when it starts offering 4G services in the third or fourth quarter of this financial year and signed deals with various tower companies through which it has access to about 1,92,500 sites.

The company is in talks with major handset makers to offer 4G smartphones starting at about $ 150 per unit.

Recently, the company entered into its sixth tower sharing pact with Ascend Telecom. Before that it signed similar deals with Bharti Airtel, Reliance Communications, Viom Towers and ATC India for using their tower infrastructures.

Credit Suisse estimates that RJio's network at launch will be three times larger than that of all the companies that started operations in 2009-10.