Which means that the undersea cable that feeds most of the connectivity to India (and till recently was, other than satellite, the main connectivity coming in here), now gets to be open to all comers I guess.
The (former) incumbent monopoly telco VSNL had exclusive landing rights and reselling rights on FLAG - and
1. refused to allow local peering
2. lit up maybe a fraction of available FLAG capacity (even though there was a lot of demand)
This sounds real good to me - except that Reliance is not exactly the sort of company I'd choose to do this.