India’s one of the leading telecom company Anil Ambani’s Reliance Communications huge loss in this quarter. Due to Reliance Jio effect R Com got about 50 to 60 percent of their users. Now Anil Ambani also started R com 4G services in limited cities, to retain their valuable customers.
Reliance communications mentioned Net Profit of 90 Crs in March 2016, but in March 2017 R Com graph declined with Net Loss of 966 Crs. This margin shows how Mukesh Ambani’s Reliance Jio effect will take over other telecom operators in India.
Reliance communications are in talks with Aircel to merge its services and tower with R Com. Due to Jio effect small operators in India will leave their services. R Com says that it is in final stage of completing its Aircel merger and tower deals, which would deleverage its balance sheet substantially. Hope R Com will come strong with new plans and traffic after Aircel merger.
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