Telecom Operator Reliance Communications (RCom) has taken decision to shut down its 2G wireless service due to increasing failure in business.
Till now the company has 81 million users, among which, 40 million people use its 2G connectivity service.
Reliance Telecom executive director Gurdeep Singh stated, ‘RCOM would not be able to sustain the business beyond 30 days.’
RCom spokesperson stated, “As already declared on October 1, 2017, RCom has taken decision to take on a 4G service for cost-effective expansion of its wireless trade. Therefore, RCom will be upgrading its 2G and 3G services with result from November 30, 2017.”
The user will be benefited by this service last by 30 November 2017.
The reports are also doing round that RCom is likely to close its DTH service too as its television license will get expire on November 21.
RCom stocks drop 3.4% on the BSE to near at Rs 16.45 in a company’s Mumbai market on Wednesday, costing the company at Rs 4,094 crore.