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 ...
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