Reliance Comm shares fall on Dec quarter earnings

Last Updated: Thu, Jan 24, 2013 05:43 hrs

Shares in Reliance Communications Ltd are down 3.6 percent in trade on Thursday, after India's No.3 mobile phone carrier by customers reported a second consecutive quarter of profit declines on Wednesday.

Consolidated net profit at the carrier, controlled by billionaire Anil Ambani, fell a sharper-than-expected 44 percent to 1.05 billion rupees for its fiscal third quarter ended December.

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