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Days after Reliance Communications (R-Com) announced that it is shutting down its operations, Aircel is likely to follow the suit due to ongoing losses and high debts.The off of merger talks with RCom is said to be the final nail in the coffin for Aircel.
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Anil Ambani-owned Reliance Communications called off a merger with Aircel. Reliance Communications will now evaluate another plan for its mobile business by focusing on the 4G LTE market.