Exit From Wireless Business Helped RCom Lower Net Loss to Rs 130 Crore in Q3

Anil Ambani-led ailing telco Reliance Communications (RCom) said that its net loss has come down sharply by over 95% to Rs 130 crore in the third quarter ended December 31, 2017, largely helped by the planned exit from consumer business which comprised wireless, direct to home and PCO. The telco had reported Rs 2,712 crore net loss in the second quarter of the ongoing fiscal.

rcom-wireless-business-exit

During the quarter, RCom had announced to exit from RBI’s SDR Framework. RCom on Monday also said that its strategic transformation to cut debts is well underway.

As part of its strategic transformation, RCom had signed an agreement with Mukesh Ambani-led Reliance Jio to sale wireless assets, spectrum (excluding 4G spectrum under sharing), tower business, fiber and Media Convergence Node (MCN) assets. “The asset monetisation is on track to close by March 2018, subject to lenders’ consents and other regulatory approvals,” the telco said

“RCom’s planned exit from the consumer business has achieved more than the desired results. RCom has reduced its net loss by over 95%. RCom expects to deliver even better financial performance in the coming quarters,” Anil D Ambani, Chairman, Reliance Communications Limited said in a statement.

RCom said that its new business portfolio reported consolidated revenues of Rs 1,176 crore and EBITDA of Rs 252 crore. The EBITDA margin was at 21.4%. Indian operations’ revenues and EBITDA stood at Rs 596 crore and Rs 95 crore respectively; while Global business contributed revenues and EBITDA of Rs 709 crore and Rs 157 crore, respectively.

RCom’s new business portfolio comprises Business to Business (B2B) businesses namely Global and Indian enterprise, internet data centres (IDC), global submarine cable network and international long distance voice with ~40,000 Global and Indian customers.

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22 Comments on "Exit From Wireless Business Helped RCom Lower Net Loss to Rs 130 Crore in Q3"

 

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lalit
January 30, 2018 12:31 pm 12:31 PM

Off topic – Using Idea in Mumbai , feel like throwing the sim card in dustbin, but since its my primary number cant do that, any suggestions which network to port-in?, Please suggest.

Aircel The No.1 Network of India
January 31, 2018 4:39 pm 4:39 PM

Switch to Aircel and experience the best network quality of India with best value plans.

Kaushik
January 31, 2018 11:09 pm 11:09 PM

LOL!!!! Aircel with it’s best quality 2G network in Mumbai?

Jagannath
January 30, 2018 5:59 pm 5:59 PM

Either Jio, airtel or Vodafone

Nikhil Nagpur
January 30, 2018 4:41 pm 4:41 PM

Not best but Jio coverage is good in Mumbai. Vodafone and Airtel have call drop issues and also have 2G/3G/4G latching issue at the time of net surfing. Jio have net speed issues in some areas but they are fixing it rapidly.

Sandeep Bansal
January 29, 2018 10:39 pm 10:39 PM

Time to buy R Com’s share!!!

Priyansh Singh
January 29, 2018 10:16 pm 10:16 PM

Ambani ji ka Khud ka Loss Kum ho gaya..Humara Number fassa gaye..Port hi nahi ho paa rahe..UPC aata hi nahi hain

PS: Mujhe UPC iss liye nahi mila kyunki mere pe uss time Active SIM nahi tha..Duplicate SIM-EX karne mein hi 2 mahine lag gaye..jabse SIM liya hai koi UPC naa hi aata naa hi Generate ho paa raha hai!!

‘Sandy’ and ‘AirTel User’ k methods follow liye..kuch nahi hua..Bhagwaan Jaane kya hoga 🙁

Rinu
January 30, 2018 3:46 pm 3:46 PM

I was getting UPC daily for some days this month without requesting.

Priyansh Singh
January 31, 2018 2:08 pm 2:08 PM

Congratulations. You’re so Lucky. UPC isn’t received by many who asked it. You’re getting without initiating a request to fetch the same. Indeed very Lucky Person.

Rakesh
January 30, 2018 10:20 am 10:20 AM

These morons are not sending UPC to my number as well, have been requesting from last 1.5 months. Every time I sent a PORT message, I receive message with this error >> Unable to connect to database.

TelecomTalk never covered a story about this, how their readers are facing issues while porting and are bound to lose their numbers.

Priyansh Singh
January 31, 2018 2:07 pm 2:07 PM

Same Here Bro. Porting Message to 1900 replies with a “Unable to Connect to Database”.

Some People say that you don’t have Balance in Your Prepaid SIM. Top-Up with 10/- and we will fetch the UPC from 1901. Where to do Recharge of RCom. Even PayTM/FreeCharge/MobiKwik aren’t accepting RCom Recharges.

Do you’ve Balance on your SIM Card? Please do Reply.

Thanks in Advance.

Sandeep Bansal
January 30, 2018 6:23 pm 6:23 PM

Visit TRAI website and file a complaint elaborating the issue…

Vinayak
January 30, 2018 7:32 am 7:32 AM

It sounds weird but true in my case. When I wanted to port my rcom GSM after the shutdown stories I repeatedly tried getting upc but in vain. At last I generated a upc for my Airtel number and with that upc I ported my rcom. It was accepted. This is because TRAI has directed rcom not to reject any port out requests. Try it.

Priyansh Singh
January 31, 2018 2:04 pm 2:04 PM
Thank You so much for such a Valuable Info. I’ll try by your way. But one thing I want to ask is that when did you go for this Method? Now I’m getting Stories that Port Out from RCom isn’t Happening because they are not Accepting any Port Outs. They have fully Closed all the Care and they’re not making those Request ‘Yes’. So people who have their Original UPC are also not able to Port Out as there Requests are not being Accepted by RCom Care Executives. Please Guide me More on this and when did you submit your… Read more »
Harsh
January 30, 2018 3:37 am 3:37 AM

Bhai aap bsnl office jao…wo log khud upc nikal lenge…or aaapka no bsnl mai port kr denge. …try kr lo ek bar…bsnl office ok…

Priyansh Singh
January 31, 2018 1:58 pm 1:58 PM

Thank You very much for the Concern Harsh Bhai par ab BSNL Office waale bhi kuch nahi kar paa rahe..keh rahe hain ki December k baad Naa toh hum UPC Generate kar paa rahe hain Naa hum kisi k UPC se usska Number Port In kar paa rahe hain.

Unnka Logic hai ki RCom mein koi hai hi nahi Request ko Yes karne waala toh Port In Request Pending hi padi rehti hai..Cancel kar k Dubara daalo Request toh bhi Yes karne waala toh koi hona hi chaahiye naa.

Badi Vikat Samasya hai Bhai Sahab.

Airtel User
January 30, 2018 2:13 am 2:13 AM

Why don’t you get a new number ? Was it a primary number or 2nd sim ?

Priyansh Singh
January 31, 2018 1:45 pm 1:45 PM
That Option is for the Last Mate. I’ll try till the SIM stops latching onto any Network. It was a Secondary Number but a Primary made Secondary. I still received Important Calls at that Number some time. Most important is how could a Company stop their Services like that. If they would have sold their Customer Base to the New Giant then it wouldn’t have been such a Problem. I’ve met with People who have their UPC’s with them but didn’t ported out that time thinking of this as a hoax. Now they’re repenting as after giving request many times… Read more »
Sandeep Bansal
January 30, 2018 12:36 am 12:36 AM

File a complaint at TRAI website, bro!!!
Might as well work…

Priyansh Singh
January 31, 2018 1:37 pm 1:37 PM

I don’t Think it would Work.

Tweeted to DoT and all in vain.

Would Definitely give it a try.

Thank You so much for the Suggestion Brother. 🙂

Rajnish | Agra
February 1, 2018 2:53 am 2:53 AM

Register your grievance via pgportal.
Choose department of telecommunications. You will get a complaint number.

Complaining to DoT on twitter rarely helps. And you don’t even get a reference number for your issue.

Priyansh Singh
February 1, 2018 5:24 pm 5:24 PM

You’re absolutely Right my Friend. I didn’t get any Reference Number. Would definitely go for the PG Portal Grievances. Let’s see if that Works. Already SIM stopped latching onto any Network.

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