Anil Ambani's Reliance Communications (RCom) might shut down a big part of its wireless business in the coming month, reported the Economic Times. According to the newspaper, RCom has blamed several factors for the shutting down but has said that Reliance Jio's free voice calls and cheap data plans have hugely impacted its business. "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. "Segment wise - ILD voice, consumer voice and 4G dongle post-paid will be migrated to enterprise as long as it is profitable. So that is restructuring of overall wireless and consumer business," Singh added.

Source: dna October 25, 2017 06:53 UTC