RCom Net Loss Widens at Rs. 966 Crore in Q4, Impacted by Free Offers and Hyper-Competition
Reliance Communications' net loss widened in the fourth quarter at Rs 966 crore from Rs 531 crore net loss in the previous quarter, due to free offers, disruptive pricing and hyper competition in the market, the company said in a statement on Saturday. The Anil Ambani-led telecom service provider stated that it suffered a net loss of Rs 1,285 crore for the year, compared to a net profit of Rs... Read More
