Jio hints free offer will continue in Indian mobile war

January 22, 2017

Reliance Industries has raised the stakes in the multibillion-dollar battle for India’s mobile market, hinting that it will not halt a controversial free service until it believes it is no longer being unfairly targeted by rivals.
The move into telecoms is the boldest gamble to date from Reliance, an oil products group chaired by Mukesh Ambani, India’s richest man. On Friday it announced plans for a new investment of Rs300bn ($4.4bn) in its telecom subsidiary Jio, making a total of Rs1.6tn of funding for what Jio claims is the country’s most powerful mobile data network. But Jio has been providing all its mobile services for free since its mass launch in September, an unprecedentedly aggressive promotion that rivals such as UK-based Vodafone have condemned as anti-competitive. (Source: FT)

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