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Ambani's Jio venture to launch free smartphone

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Mr Ambani said that customers would only have to pay a deposit of 1,500 rupees (S$32) for the 4G-enabled device, which would be fully refundable after three years.

Mumbai

INDIA'S richest man Mukesh Ambani said last Friday that his telecoms venture Jio would launch a free smartphone, escalating a price war that is shaking up the country's ultra-competitive mobile market.

The announcement, made at a boisterous Reliance Industries annual general

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