India Reliance Comm exec says net debt at $6.9 bln as of Dec

NEW DELHI Wed Jan 23, 2013 6:38pm IST

Stocks

   

NEW DELHI Jan 23 (Reuters) - Indian mobile phone carrier Reliance Communications Ltd's net debt rose to 373.61 billion rupees ($6.94 billion) at the end of December from 367.23 billion rupees at end-September, a senior company executive told Reuters.

Reliance Communications' monthly average revenue per user rose 17 percent sequentially to 119 rupees in its fiscal third quarter ended December, while minutes of usage per user grew 15 percent sequentially to 271, Gurdeep Singh, chief executive of the company's wireless business, said.

Earlier on Wednesday Reliance Communications reported a bigger-than-expected drop in quarterly profit. ($1 = 53.8150 Indian rupees) (Reporting by Devidutta Tripathy; Editing by Jijo Jacob)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Addressing India's Infra Needs

REUTERS SHOWCASE

FCI Revamp

FCI Revamp

Govt begins revamp of Food Corporation of India to cut waste, tame prices  Full Article 

Banking Fraud

Banking Fraud

Govt probing alleged fraud in two state-run bank branches   Full Article 

New Metro Rail

New Metro Rail

Cabinet approves $1.4 bln new metro rail project   Full Article 

Gold Stagnation

Gold Stagnation

Fading volatility promises long period of gold stagnation  Full Article 

Rupee Gains

Rupee Gains

Rupee hits 3-week high on debt-related dollar inflows  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage