Reliance Communication worst Asian telecom stock this quarter
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.
By Bloomberg |
No Asian telecom stock has performed worse than Reliance Communications 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.
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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