Indian full-service telco Reliance Communications (RCOM) has booked revenues of INR52.02 billion (USD956.132 million) for its fiscal Q2, ended 30 September, dropping by 2.2% quarter-on-quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) dipped 0.7% to INR16.38 billion, though net profits slumped 37% to INR1.02 billion on the back of climbing finance charges.
During the period under review, RCOM cut off wireless subscribers that had been inactive for two months leading to a net loss of some 19.75 million subscribers. Wireless data subscriptions meanwhile grew to 26 million – of which 4.8 million were 3G users – with total data traffic reaching 17.4 billion MB. In the broadband sector, RCOM recorded 1.5 million lines in service, with net losses of 8,000 subscribers compared to the previous quarter.