Jio finally reports revenue still makes a loss

Reliance Industries has started to tell us the financials about its chaotic telecoms venture, and it doesn’t make for easy reading.
For the three months ending September, Reliance Jio reported roughly $950 million in revenue, not a bad number, on total expenses of approximately $1.01 billion. That is a total loss of around about $63 million.
Now we aren’t saying that losing $63 million is a good thing, but the Jio execs must be secretly pleased with themselves. Considering it is a co