Reliance Industries gains; traders bet on telecom rollout in 3-6 mths

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Reuters
Last Updated : Dec 19 2014 | 2:55 PM IST

Reuters Market Eye - Reliance Industries gains 3.1 percent.

Heads towards its biggest daily gain since July 22.

Company's telecom unit Reliance Jio may start 4G services in next 3-6 months - Traders.

Reliance Industries expects to start offering 4G telecom services next year.

Reliance Jio's launch will happen in first half of 2015 because of rollout obligations of five years - Analysts.

Company made a return to telecoms in 2010 by acquiring the only company that had won nationwide 4G airwaves.

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Telecom business would become operating profit accretive in 3-4 years, analysts add.

Bharti Airtel underperforms NSE in Oct-Dec on Reliance Jio worries.

($1 = 63.5150 rupees)

(Reuters Mesaaging: abhishek.vishnoi.thomsonreuters.com@reuters.net)

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First Published: Dec 19 2014 | 2:44 PM IST

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