MUMBAI Jan 24 Shares in India's Reliance
Communications Ltd fell as much as 10.2 percent on
Thursday, after India's No.3 mobile phone carrier by customers
posted its second consecutive quarterly decline in profit on
Consolidated net profit at the carrier, controlled by
billionaire Anil Ambani, fell a sharper-than-expected 44 percent
to 1.05 billion rupees ($20 million) for its fiscal third
quarter ended December.
Reliance Communications shares were down 8.6 percent at 0933
GMT. They earlier touched a low of 79.1 rupees.