Equity of telco operator PT SmartFren Telecom Tbk (FREN), controlled by Sinarmas Group, eroded further to Rp8.56 trillion because the company reported net loss of Rp685 billion in the first quarter ended March 31, 2018. While lower than the corresponding period last year (Rp754.3 billion), Sinarmas might be forced to inject more to keep FREN ringing.To subscribe please click here