Tata Coms quarterly loss widens to INR 2.5 bln, revenue declines 6.5%

Thursday 26 October 2017 | 13:24 CET | News
Indian operator Tata Communications (Tata Coms) saw its revenues for the quarter ended 30 September 2017 decrease by 6.5 percent year-on-year to INR 42.18 billion (approximately USD 656 million) from 48.71 billion (USD 774 million) in the year-earlier period. EBITDA plunged 13.7 percent year-on-year to INR 5.6 billion from INR 7.2 billion, while EBITDA margin fell to 13.4 percent from 14.8 percent. Net loss reached INR 2.5 billion, on account of additional provision of INR 1.86 billion as per the contractual obligation to Tata Sons on the Tata Teleservices investment and due to other one-tine

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Categories: Mobile & Wireless
Companies: Tata Communications / Tata Teleservices
Countries: India
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