RCom reports loss of Rs 948 crore in Q4 on disruptive pricing, competition
Anil Ambani owned telecom company RCom has reported a loss of Rs 948 crore for the fourth quarter (Q4) ended on March 31, 2017 on back of intense price war in the telecom sector due to the entry of Reliance Jio which has hurt the profitability and income of the company.
Reliance ADAG chairman Anil Ambani with his wife Tina and son Anmol Ambani during Reliance Capital's annual general meeting (AGM) in Mumbai, on September 26, 2016. Image Source: IANS