Reliance Comunications Ltd. reports the slowest profit growth in nine quarters after adding less profitable customers in rural areas. Anil Ambani (Billionaire) controls Reliance having slow pace in signing up the customers compare to Bharti Airtel and Vodafone. Net income rose 24 percent to 15.1 billion rupees ($355 million) in the three months ended June 30, according to Mumbai-based Reliance .They need to compete in India’s villages to bolster profit growth after the failure of MTN merger. According to the statistics, Reliance doubled the number of villages covered by its network to 600,000 in the nine months ended March 31.
Wireless Federation » RCOM shows slow quarterly profit growth (India)
RCOM shows slow quarterly profit growth (India)
- July 31st, 2008
- 2:47 pm
