RCom Reliance Communication Wireless Business to Shut down on 30th November

IndianMascot

IndianMascot

Core Member
Here goes another business of RCOM.

And here is the insider news coming out of RCOM.


*Dear Channel Partner,*

With heavy heart I want to inform you that Reliance is going to Shut Down it's GSM business. Official date of shut down is 30th November.
1. All customers will get porting code from company.
2. No sim swapping will be done now,
3. No ER Billing will be done now,
4. If some body has ER or PRC balance then he has to finish at his own level, company doesn't have any responsibility now,
5. All pending claims of distributors will be settle down and company will do RTGS in their bank account,


Not only that employees have been asked to resign too.


*Gurdeep Singh*, President *RCOM* announced TODAY AT DAKC ; PAN INDIA OPERATION TO CLOSED DOWN BY NOVEMBER,

*ALL EMPLOYEES TO RESIGN LAST DATE 30/11/2017*
 
scorpionking76

scorpionking76

EntMnt Knight
Debt-ridden Reliance Communications plans to shut down its 2G mobile business in
about a month and continue to operate 3G and 4G services till the time they remain profitable, industry sources said.

RCom Executive Director Gurdeep Singh is learnt to have informed employees that the company has reached a "situation where we need to call it a day on our wireless business" and this would lead to closure of "wireless business 30 days from now".

The company will "continue to operate ILD voice, consumer voice and 4G dongle post paid services" and mobile tower business till the time they remain profitable and all the other business will be shut down, he has said. A email query sent to RCom remained unanswered.

The move comes after the company, reeling under debt of around Rs. 46,000 crore, failed to close to its wireless business merger deal with Aircel in the beginning of this month.

RCom and Aircel in September last year had signed a binding agreement to merge their mobile businesses. But, on Sunday, RCom announced that the agreement had lapsed owing to legal and regulatory uncertainties, objections by interested parties and delays in receiving relevant approvals.

Singh is also learnt to have mentioned closure of company's DTH business once its licence expires on November 21.

Reliance Communications To Shut Down 2G Mobile Business In A Month
 
scorpionking76

scorpionking76

EntMnt Knight
Debt-ridden Reliance Communications plans to shut down its 2G mobile business in
about a month and continue to operate 3G and 4G services till the time they remain profitable, industry sources said.

RCom Executive Director Gurdeep Singh is learnt to have informed employees that the company has reached a "situation where we need to call it a day on our wireless business" and this would lead to closure of "wireless business 30 days from now".

The company will "continue to operate ILD voice, consumer voice and 4G dongle post paid services" and mobile tower business till the time they remain profitable and all the other business will be shut down, he has said. A email query sent to RCom remained unanswered.

The move comes after the company, reeling under debt of around Rs. 46,000 crore, failed to close to its wireless business merger deal with Aircel in the beginning of this month.

RCom and Aircel in September last year had signed a binding agreement to merge their mobile businesses. But, on Sunday, RCom announced that the agreement had lapsed owing to legal and regulatory uncertainties, objections by interested parties and delays in receiving relevant approvals.

Singh is also learnt to have mentioned closure of company's DTH business once its licence expires on November 21.

Reliance Communications To Shut Down 2G Mobile Business In A Month
 
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