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Reliance Communications posts wider loss in 3rd quarter
TT Correspondent |  |  24 Jan 2019

On Wednesday, Debt-laden Indian telecom company Reliance Communications Ltd (RCom) reported a wider loss for the third quarter, hurt by higher expenses.

Net loss came in at 2.38 billion rupees ($33.38 million) for the October-December quarter, compared to a loss of 1.30 billion rupees in the year-ago period.

Revenue from operations fell about 6.5 percent to 10.70 billion rupees.

Earlier this year, RCom said it remained "fully committed" to settle dues with Swedish telecom gearmaker Ericsson from the proceeds of wireless assets sale to Reliance Jio Infocomm Ltd.

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