Equity of telco operator PT SmartFren Telecom Tbk (FREN), controlled by the Sinarmas Group, eroded further to Rp7.6 trillion in the first half (H1) ended June 2018, from Rp9.2 trillion in the same period last year. That happened because the company reported a net loss of Rp1.65 trillion in H1 of this year; it widened from a loss of Rp1.16 trillion in the previous year.

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