Telecom company Reliance Communications, which is under debt burden, will end its 2G mobile service business in a month’s time. The company plans to continue 3G and 4G operations till the plan is in profit.
New Delhi: Telecom major Reliance Communications, which is under debt burden, is about to close its 2G mobile service business in a month. The company plans to continue 3G and 4G operations till the plan is in profit.
According to sources, the company’s executive director, Gurdeep Singh, has informed the employees about this. He told the employees, now the time has come that we will stop the wireless business after 30 days. He said that the company will continue operating in ILD Voice, Consumer Voice, 4G postpaid dongle and mobile tower business till the profits continue. Apart from these, all businesses will be closed.
According to sources, Singh has mentioned the closure of DTH services after the license expired on November 21. An email sent to the company in this regard has not yet received any response.
It is worth mentioning that the company has a debt burden of 46 thousand crore rupees. He had failed to decide on the deal to sell his wireless business to Aircel at the beginning of this month.