Reliance Communications' balance sheet troubles, which have wiped off more than a third of its value this month, have thrown into sharp relief the squeeze afflicting India's telecoms sector: fickle users, wafer-thin margins and crippling debt.
Reliance Communications, known as RCom, has seen its shares and bonds tumble since it reported weaker results over the weekend - along with a shrunken user base and higher debt. It said on Monday it was in talks with banks to defer loan repayments due over the next four months.
RCom, owned by billionaire Anil Ambani, is a relatively small player in an industry

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