‘Worst still not over for telcos’

Bharti Airtel Ltd and Reliance Communications Ltd, the only stocks that fell in the Indian benchmark index last year, may extend their drop as competition drives mobile-phone rates lower, Kotak Securities Ltd said.
‘Worst still not over for telcos’

Bharti Airtel Ltd and Reliance Communications Ltd, the only stocks that fell in the Indian benchmark index last year, may extend their drop as competition drives mobile-phone rates lower, Kotak Securities Ltd said.

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