Anil Ambani's Reliance Communications (RCOM) has posted a loss of Rs 2700 crores for the quarter ended September 30th 2017, more than doubling from the Rs 1221 crore loss reported last quarter. In the same quarter last year, RCOM had reported a profit of Rs 51 crore. RCOM, which was always far less profitable than other major telecom operators, slipped into losses after the launch of Reliance Jio, and its rollout of cheaper data plans. Remember that RCOM's pitch throughout had been of being a data-led company, and they got beaten at their own game. In its earnings release, RCOM has said that its asset monetization programme is "at an advanced stage" and RCOMs assets "derive significant interest from Indian and overseas telcos, strategic investors and PE firms. A large number of potential investors participate in the transparent and competitive process for monetization of: Wireless spectrum and related assets Tower, Fiber and MCN (Media Convergence Notes) Assets." Some highlights from financials Total consolidated income: For the September quarter, total income was at Rs 2667 crores, down from Rs 3,591 crore, down 25.7% quarter on quarter. Last quarter, it had slipped 20.6% QoQ from Rs 4,525 crore in Q1. Year on year, it's total consolidated income declined 48.1% from Rs 5142 crores. India share in revenues: India operations contributed about 80% of the overall revenue during the quarter. The contribution increased from 78.4% last quarter, and at Rs 2160 crores, was down by 51.8% year on year, from Rs 4488 crores. International…
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