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RCom sees full impact of call rate hikes in 2 quarters

RCom sees full impact of call rate hikes in 2 quarters
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First Published: Tue, Aug 16 2011. 01 36 PM IST
Updated: Tue, Aug 16 2011. 01 36 PM IST
New Delhi: Reliance Communications (RCom) expects to see the full impact of recent call price increases in two quarters, Syed Safawi, head of the company’s wireless business, told analysts on a conference call on Tuesday.
Reliance Comm, India’s second-biggest mobile phone carrier, said on Saturday it had increased call prices in most of its telecom zones by about a fifth, in line with its rivals.
Companies including Indian mobile market leader Bharti Airtel have increased call prices for the first time in at least two years after a price war and heavy payout for spectrum strained their profits.
Debt-laden Reliance Comm on Saturday reported a sharper-than-expected 37% fall in June-quarter profit, its eighth straight quarter of profit decline.
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First Published: Tue, Aug 16 2011. 01 36 PM IST
More Topics: RCom | Telecom | Mobile | Anil Ambani | Reliance |