RCom reports Q3 net loss of Rs 531 cr, blames competition & shutdown of profitable CDMA biz
Anil Ambani-led Reliance Communications (RCom) reported a net loss of Rs 531 crore in the third quarter, while its revenue declined 4.3% at Rs 4,922 crore in the quarter, against Rs 5,142 crore in Q2. The telco said that it posted net loss on account of an unprecedented competitive intensity, complete shutdown of its profitable CDMA operations, and due to an increase in amortisation and interest expense aggregating Rs 278... Read More
