New Delhi:Reliance Communications has posted a net loss of Rs 531 crore for the third quarter of the current fiscal, a company statement said here on Saturday.The company has attributed the loss to three factors.Citing the reasons, the company said: “The industry witnessed unprecedented competitive intensity. This was the first full quarter after company’s complete shutdown of its profitable CDMA operations. And there was an increase in amortisation and interest expense aggregating Rs 278 crore on account of capitalisation of 850 MHz spectrum liberalisation fee.”
The company’s revenue was at Rs 4,922 crore, down 4.3 per cent from Rs. 5,142 crore in Q2.The total data customer base is 32 million including 23.4 million 3G and 4G customers in Q3. The total data traffic was at 93.7 billion mega bytes, which is down over 10 per cent quarter-on-quarter. The traffic has decreased mainly due to severe competitive intensity, the company stated.
