The telecom mess

India Inc's highest-ever loss underlines state, corporate failure

Image
Premium

Business Standard Editorial Comment
The mess in India's telecommunications sector has been highlighted by the report that Tata Teleservices has announced a Rs 275 billion loss in 2017-18. This loss was partly thanks to a write-down following the transfer of its wireless business to Bharti Airtel. Even so, this sets a new record for corporate India. The second-highest such loss was also in telecommunications and also in 2017-18 — Reliance Communications lost Rs 239 billion in the financial year that ended in March.

These two results underline the troubled state of the sector. Of course, the companies themselves should take part of the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 17 2018 | 6:00 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com