After the news of Anil Ambani-led RCom, merge its wireless telecom business with smaller rival Aircel came in, telecom operator Reliance Communications posted 5.8 percent rise in consolidated net profit to Rs 54 crore for the three-month period ended June 30. The consolidated total income from operations declined by 4.7% to Rs 5,259 crore in the reported quarter from Rs 5,521 crore it posted in corresponding period a year ago. The revenue of RCom from Indian operation stood at Rs 4,693 crore, down 2.5% from Rs 4,812 crore in the same period a year ago. Also Read - RCom concludes sale of 'media nodes' to Reliance Jio for Rs 2,000 crore
“Results for quarter impacted by migration of CDMA customers to 4G LTE. RCom 4G LTE services now fully operational across India,” RCom said in a statement. The merge is said to create the country’s fourth-biggest mobile phone operator had posted a net profit of Rs 51 crore in the same period a year ago. Also Read - RCom group head count falls 94% to 3,400 people
RCom, Aircel announce merger; create fourth largest telco in India. The global operations segment of the company registered revenue of Rs 1,185 crore, up by 5.3%, from Rs 1,125 crore in same period of 2015-16. The company said that its revenue per minute from phone calls increased by 1.6% on year-on-year (Y-o-Y) basis while total minutes of usage declined by 4.8% to 10,000 during the period under review. RCom said that its revenue per user increased by 5.7% to Rs 148.
“The total data customer base has grown 9.9% Y-o-Y to 38.9 million including 25.4 million 3G and 4G customers in first quarter,” the statement said. The total data traffic at 102 billion MB is up 10.4% Y-o-Y, it added. The shares of RCom closed at Rs 51.05, up by 2.72% on BSE.