RCom's quarterly loss down 95% after exit from consumer biz
Billionaire Anil Ambani-led Reliance Communications' December quarter loss reduced by over 95% sequentially as the company exited its consumer business. The company posted a loss of â¹130 crore compared to â¹2,712 crore loss during the previous quarter. Anil Ambani's elder brother Mukesh Ambani's Reliance Industries agreed to buy RCom's spectrum, mobile phone towers, and fibre assets in December.