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NEW DELHI: Reliance Communications on Saturday posted a net loss of Rs 531 crore for the third quarter, mainly impacted by heightened competitive intensity and complete shutdown of its "profitable CDMA operations".
The company added that it suffered the net loss in the quarter on account of an increase in amortisation and interest expense aggregating Rs. 278 crore on account of capitalisation of 850 MHz spectrum liberalisation fee.
RCOM revenue went down 4.3% at Rs 4,922 crore in the quarter, against Rs 5,142 crore in Q2. Q3 EBITDA stood at Rs 1206 crore, down 21.8% from Rs 1,542 crore in Q2.
The Anil Ambani-led telco's revenue from India operations stood at Rs. 4,267 crore, down 4.9% from Rs. 4,488 crore in Q2. Its Q3 India EBITDA stood at Rs. 957 crore, down 26% from Rs. 1,297 crore in Q2.
RCom's global operations revenues stood at Rs. 1,132 crore, up 4.0% from Rs. 1,089 crore in Q2.
RCOM said that it expects significant long-term benefits from its unique access to Reliance Jio 's extensive and state-of-the-art 4G LTE network at minimal capex and opex. Jio's 4G network is enabling RCOM to provide differentiated and best-in-class 4G LTE services to its valued subscribers, it said in a statement.
RCom: rcom posts rs 531 crore net loss in q3, impacted by shutdown of cdma ops, increased competition, Telecom News, ET Telecom
The company added that it suffered the net loss in the quarter on account of an increase in amortisation and interest expense aggregating Rs. 278 crore on account of capitalisation of 850 MHz spectrum liberalisation fee.
RCOM revenue went down 4.3% at Rs 4,922 crore in the quarter, against Rs 5,142 crore in Q2. Q3 EBITDA stood at Rs 1206 crore, down 21.8% from Rs 1,542 crore in Q2.
The Anil Ambani-led telco's revenue from India operations stood at Rs. 4,267 crore, down 4.9% from Rs. 4,488 crore in Q2. Its Q3 India EBITDA stood at Rs. 957 crore, down 26% from Rs. 1,297 crore in Q2.
RCom's global operations revenues stood at Rs. 1,132 crore, up 4.0% from Rs. 1,089 crore in Q2.
RCOM said that it expects significant long-term benefits from its unique access to Reliance Jio 's extensive and state-of-the-art 4G LTE network at minimal capex and opex. Jio's 4G network is enabling RCOM to provide differentiated and best-in-class 4G LTE services to its valued subscribers, it said in a statement.
RCom: rcom posts rs 531 crore net loss in q3, impacted by shutdown of cdma ops, increased competition, Telecom News, ET Telecom
