• Monday, September 26, 2022

Business

Jio launches free smartphone in escalating telecoms battle

Jio making a play to dominate the India market.

By: Sarwar Alam

India’s richest man Mukesh Ambani said on Friday (21) 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 six per cent. ‘This breakthrough and revolutionary device named JioPhone, along with Jio’s disruptive tariff, will unleash the power of digital life in the hands of 1.3 billion citizens of the largest democracy in the world,’ said Ambani. The tycoon told shareholders and staff, who…

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