Reliance Communications’ Q4 net loss widens sharply, posts 1st ever annual loss as Jio free offers hurt– सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

Impacted by Reliance Jio’s free offers and disruptive pricing in the telecom industry, Anil Ambani owned Reliance CommunicationsBSE -0.58 % posted its first year loss since its inception of Rs 1285 crore for fiscal gone by compared to a net profit of Rs 660 crore when compared on a like to like basis.

The telecom operator posted a consolidated net loss of Rs 966 crore for the fiscal ended fourth quarter compared to a net profit of Rs 90 crore in the same period last year.

via Reliance Communications’ Q4 net loss widens sharply, posts 1st ever annual loss as Jio free offers hurt