The nation’s leading fixed wireless and CDMA mobile telecoms firm, Starcomms has announced a pre-tax loss of N15.61 billion in 2011 which has widened more than three fold from N5.16 billion in the previous year.
The telecomms company made this known on Wednesday in a statement through the Nigerian Stock Exchange.
Its annual turnover also dropped to N20.10 billion, from N29.03 billion recorded in 2010.