RCom's Q1 net loss narrows to Rs 342 crore
Telecom operator Reliance Communications today reported narrowing of its consolidated loss to Rs 342 crore for the quarter ended June 30, 2018.
The company had reported a loss (attributable to equity holders) of Rs 1,245 crore in the same period a year ago.
The Anil Ambani-led firm had posted a loss of Rs 19,728 crore in January-March 2018 period.
RCom is under debt resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC).
The company in a statement said it is confident of closing debt resolution during the second (ongoing) quarter of 2017-18
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