RCom posts third consecutive quarterly loss of â¹1,210 crore
Telecom operator Reliance Communications, on Saturday, posted a loss of â¹1,210 crore for the June quarter, marking its third straight quarterly loss. The Anil Ambani-led company had posted a profit of â¹90 crore in the same period a year ago. "The telecom sector...continues to be very adversely impacted...by competitive intensity on a scale never witnessed before," the company said.