Anil Ambani’s ‘RCom’ to shut down its 2G mobile business

Anil Ambani’s Reliance Communications (RCom) has reportedly planned to shut down its 2G mobile business by November 30. According to reports, RCom Executive Director Gurdeep Singh has 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 the closure of "wireless business 30 days from now". The company will continue to operate 3G and 4G services till the time they remain profitable, added reports.

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