
A pedestrian using a smartphone walks past advertising and signage for Reliance Jio Infocomm Ltd. at the Nehru Place IT Market in New Delhi, India on Tuesday, May 30, 2017. Reliance Communications Ltd.’s credit rating was cut deeper into junk territory by Moody’s Investors Service, which cited its weak operating performance, high leverage and fragile liquidity position. Reliance Communications’ troubles come amid intensifying competition among mobile phone carriers in India, fueled by the entry of Reliance Jio, launched by India’s richest man Mukesh Ambani. Photographer: Sanjit Das/Bloomberg via Getty Images
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