Vodafone India signed a pact to acquire cable firm You Broadband for approximately INR4 billion ($60.4 million), reports Economic Times, as it looks to boost its fixed line proposition.

The deal, which apparently comes after six months of talks, is now subject to approval by the Foreign Investment Promotion Board in India. ET reported in January that a deal between the two companies was close.

You Broadband, owned by RG Capital, has approximately 3,000km of fibre optic and 6,000km of last mile cable, across a footprint of 12 cities. This includes Mumbai, an important market for Vodafone.

Competition in the country is expected to intensify dramatically when new market entrant Reliance Jio launches its own 4G network, expected later this year, and the tie-up will significantly beef up Vodafone India’s fibre backhaul capabilities.

By acquiring fixed assets, Vodafone India could also begin to offer bundled packages in several cities across the country.

The transaction is expected to be approved by the FIPB once it holds its monthly meeting, added ET.