Reliance Communications Falls 10% After Slashing Phone Charges
Oct. 6 (Bloomberg) -- Reliance Communications Ltd. fell 10 percent, leading declines among Indian telecom stocks, after the company said it will lower call charges starting today.
Bharti Airtel Ltd. fell 9.4 percent, Idea Cellular Ltd. fell 8.2 percent, and Tata Teleservices Maharashtra Ltd. fell 5.9 percent.
To contact the reporter on this story: Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net
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