RCom retrenches employees, delays payments: Sources
Friday, April 7, 2017, 4:02 PM
The financial stress on telecom players is now coming to the surface at the operational level. Leading telecom services player Reliance Communications has retrenched nearly 800 employees in the last few weeks, including some senior ones, as it battles falling revenues and profits, according to the source. The company has also not been making payments to vendors and other telecom companies on time.