No Asian Telecom stock has performed worse than Reliance CommunicationsBSE -0.40 % this quarter as billionaire Anil Ambani tests investors’ patience over pledges to reduce debt by selling assets.
The company hasn’t completed the sale of its tower and fiber-optic businesses, and Deven Choksey, managing director at brokerage KR Choksey in Mumbai, said that’s concerning investors. Reliance Communications did not respond to a request for comment.
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