Ambani's Reliance Is Worst Asian Telecom Stock This Year: Chartby
No Asian telecom stock has performed worse than Reliance Communications Ltd. 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 K.R. Choksey in Mumbai, said that’s concerning investors. Reliance Communications did not respond to a request for comment.