CNN and TV18 are calling it quits on their 10-year licensing deal for Indian news channel CNN IBN from January 2016.

The joint announcement out of Turner’s New Delhi office said the end of the arrangement “will enable each company thereafterto chart its own growthtrajectory independently in one of the most dynamic, complex and fast growing markets in the world”.

Turner has not disclosed what its new plans for CNN in India are.

Network18 group chief executive, A.P. Parigi, said the group had grown from two news channels in 2005 to 17 news channels this year.

Network18 was taken over by Mukesh Ambani’s Reliance Industries last year. The move was widely said to be part of Ambani’s strategy for his 4G business.