Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "Reliance Communications - the outgo inform of lease rental is something that one needs to have in place to work out all the back of the end calculation. I think the news was expected and maybe the market had a bit of sense of this development and hence why after the news you are seeing the stock correct. However, even if you look at the earnings, I would say that as a disclosure, we do have a positive coverage on.""If you ask me where to invest in cellular service provider space then we would prefer names like Bharti Airtel and Idea Cellular and debt has always been a big problem for ADAG group companies and it is not only restricted to Reliance Communications, you look at Reliance Power, Reliance Infra and other companies then there is a huge debt problem but I would say that given a choice I would prefer Bharti Airtel and Idea Cellular. As a disclosure we do have positive coverage on it," he added.
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