MUMBAI: Reliance Communications RCom ) is believed to be closing down major parts of its wireless business in the next 30 days, blaming among other factors, the “creative destruction” brought in by new entrant Reliance Jio’s free voice and cheap data services, and has told its employees that their last date of employment will be November 30. "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. RCom didn't immediately respond to detailed emailed queries on the matter.“Segment wise - ILD voice, consumer voice and 4G dongle post-paid will be migrated to enterprise as long as it is profitable. We have published in newspapers that as our DTH license is expiring on 21st of November and we are not renewing license. So that is restructuring of overall wireless and consumer business,” Singh added.The tower business will remain operational since it is bringing in business with its tenacities with Jio and other private operators, he said.

Source: Economic Times October 25, 2017 05:15 UTC