RCom to wind up 2G operations by Nov-end: Industry sources
The debt-ridden telecom operator, Reliance Communications, has plans to shut down its 2G mobile business by the end of November, but will continue to offer 3G and 4G services, according to industry sources.
The company has also asked a number of employees to quit as part of its winding up of the operations.
An e-mail query sent to RCom elicited no immediate reply.
The move comes after the company failed to close the merger deal with telecom operator Aircel early this month.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.