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Reliance Communications Worst Asian Telecom Stock This Quarter

Reliance Communications Worst Asian Telecom Stock This Quarter

No Asian telecom stock has performed worse than Reliance Communications BSE -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 Communication did not respond to a request for...
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