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Showing posts from October, 2017

RCom Planning to Shut Down

RCom Planning to Shut Down 2G services in a month’s time . Reliance Communications (RCom) will continue to operate 3G and 4G services till the time they remain profitable New Delhi:  Debt-ridden Reliance Communications Ltd (RCom) plans to shut down its 2G services in about a month and continue to operate 3G and 4G services till the time they remain profitable, people with knowledge of the matter said. RCom executive director Gurdeep Singh is learnt to have informed employees that the company has reached a “situation where we need to call it a day on our wireless business” and this would lead to closure of “wireless business 30 days from now”. The company will “continue to operate international long distance (ILD) voice, consumer voice and 4G dongle post-paid services” and mobile tower business till the time they remain profitable and all the other businesses will be shut down, he has said. An email query sent to RCom remained unanswered. The move comes after Re...