RCom to exit telecom business, focus on realty: Anil Ambani
At the company's annual general meeting on Tuesday, Reliance Group Chairman Anil Ambani said that Reliance Communications will fully exit the telecom business and shift its focus on real estate. RCom's first priority is to resolve its over â¹40,000 crore debt, Ambani added. He also thanked his elder brother Mukesh Ambani, whose telecom venture Reliance Jio Infocomm, bought RCom assets.