RCom to Shut Down Wireless Business; Reportedly Informed Employees November 30 as Last Date of Employment

Anil Ambani-led Reliance Communications is preparing to shut down its wireless business in the next 30 days, following its failed attempt at merging operations with Aircel. The telecom operator has reportedly informed its employees that November 30 will be their last date of employment with the company.

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Gurdeep Singh, executive director of Reliance Telecom, has blamed Reliance Jio for bringing creative destruction through free voice and cheap data services. Notably, the company hasn’t made this development official, but an audio recording of Singh’s address to employees is doing rounds on social media.

“We stand at a situation where we need to call it a day on our wireless business and this would bring the curtains down on our wireless business 30 days from now. And as a result, we tried whatever means to sustain and put oxygen in the business but we will not be able to sustain the business beyond 30 days from now,” Singh said.

The executive said that segment wise – ILD voice, consumer voice and 4G dongle post-paid will be migrated to the enterprise as long as it is profitable, but everything else will be shut down.

The development follows a day after Reliance Communications made official its intention to shut down direct-to-home (DTH) business in the country.

“We have published in newspapers that as our DTH license is expiring on 21st of November and we are not renewing the license. So that will also mark our exit from DTH business. So that is a restructuring of overall wireless and consumer business,” the executive said.

Singh, however, added that the tower business will remain operational. The tower business is making money through its tenacities with Reliance Jio and other operators, he said.

RCom has been undergoing a strategic debt restructuring program in the country.

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187 Comments on "RCom to Shut Down Wireless Business; Reportedly Informed Employees November 30 as Last Date of Employment"

 

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Aakash Hinduja
November 2, 2017 4:14 pm 4:14 PM

Reliance Rcom Mumbai has still not informed or communicated to subscriber about the closure of service by sms. There is a huge confusion whether Reliance Rcom Mumbai will shut 2G, 3G or only 2G. They are not sending port codes even though requesting many times port space mobile number to 1900. Reliance Rcom Mumbai has sent sms as You may experience NW issues as we are optimising it in MU. You can continue to enjoy our service or opt to port out to any network of your choice. Rcom.

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CHANDRAKANTA
October 31, 2017 6:07 pm 6:07 PM

Auto MNP message aa chuka hai sare RCOM no pe

Aakash Hinduja
October 29, 2017 9:07 pm 9:07 PM

Rcom will shut 2G in all circles. Rcom will continue 3G and 4G. Rcom has 3G in mumbai, so Rcom 3G will continue.

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