RCom reports net loss of Rs 531 crore in Q3
On net loss, RCom said, "The company witnessed unprecedented competitive intensity. This was the first full quarter after Company’s complete shutdown of its profitable CDMA operations. Also, there was an increase in amortisation and interest expense aggregating Rs. 278 crore on account of capitalisation of 850 MHz spectrum liberalisation fee."
RCom reports consolidated net loss of Rs 531 crore in Q3FY17 compared to net profit of Rs 303 crore in similar period of the previous year. Photo: IANS