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Sep',16 quarter results of Reliance communications decrease
Sep',16 quarter results of Reliance communications decrease
Reliance communications Ltd(RCom) had decreased revenues & operating profit for quarter ending Sep',2016. Decrease is about 4% sequentially in India operation.It does not separately report results of wireless business.Co. said results suffered due to increased competition & CDMA customers moved to 4G LTE and seasonal factors.Its profit is down to 80%(at Rs.39 Cr).Debt reduction plan is initial stage.Airtel & Idea are down by about 2%.
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