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Ambani's Jio venture to launch free smartphone
Published Mon, Jul 24, 2017 · 09:50 PM
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 meeting in Mumbai, sent shares in rival telecoms operator Bharti Airtel plummeting almost 6 per cent.
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