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<ul><li>RCom made an early bet on CDMA technology which went out of style, while Jio chose LTE technology of 4G. </li><li>Mukesh spent massively on country-wide fibre networks, yet he is cognizant of the risks that a massive debt at the group level.</li><li>The plan to list Reliance Retail and <keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword> in the next five years will complete the circle of deleveraging giving his telecom venture a longer lifetime than RCom.</li></ul>It's been three years since Mukesh Ambani launched Jio, a business that is close to his heart. Moreso, this is the second time that he is launching a telecom venture, yet it is the first time he tasted success. His first telecom venture, <keyword id="46907" type="CITY" weightage="20" keywordseo="Reliance-communications">Reliance Communications</keyword>, was launched in early 2000s under the auspices of his father, the legendary Dhirubhai Ambani. Even before the business went to his brother as the Ambani family divided in 2004, the first venture was fraught with troubles. A bet on the wrong technology meant extra investments, which coincided with the global economic slowdown, and piled debt so high, the risks of which were ignored at its peril. Now, RCom is facing bankruptcy proceedings while Jio seems to be thriving. The only difference is Mukesh seems determined not to repeat the mistakes of the past, both his own and that of his brother, with Jio. CDMA- a technology that took its toll on finances RCom had early on bet on an obsolete-to-be technology, which became its undoing. In the early 2000s when Airtel and Hutch (later Vodafone) went with GSM technology, both Tata Teleservices and RCom went in for CDMA technology, which users did not fancy. "I doubt if that could be termed as a mistake as many countries were using the technology but the world just went another way," Alok Shende, Managing Director of Ascentius Insights, a management consulting firm tells Business Insider India. Years after RCom came under Anil Ambani, as <a href="https://www.indiatoday.in/business/india/story/ambani-vs-ambani-when-brothers-broke-up-150083-2011-12-27">Reliance Industries was divided </a>in 2004, he had to shift to the much-popular GSM technology. The shift required one more costly one-time investment in terms of network upgrade and spectrum; and the timing wasn’t right either. Mukesh Ambani has stepped with Jio, which started out on LTE technology of 4G. And he is not stopping at that. "Because of our early adoption of the ongoing enhancements to LTE technology our wireless network is already 4G PLUS. And we can upgrade this to 5G at minimum incremental cost," he promised his shareholders at his annual general meeting this month. <keyword id="4056036" type="PERSON" weightage="20" keywordseo="Jio-Fiber">Jio Fiber</keyword> cable will deliver high-speed Internet right to homes and this will kickstart yet another set of services without having to fork out extra for spectrum. The telecom tariff war and its many victims Jio is currently waging a bitter price war in the telecom market. However, it is nothing new. A raging telecom price war started by Tata Teleservices in 2008 with one paisa per second plan, had hurt many others <a href="https://www.livemint.com/Home-Page/vaUfK95QU2z2cInvqWBv2I/RCom-sets-1-paisa-SMS-fee-extends-the-tariff-war.html">including him</a>. However, the shift from CDMA to GSM soaked in a lot of fresh investment that RCom could have spent to survive the price war. There are times when investments are affected the broad economic conditions. RCom’s second round of investments was followed by a global credit crunch after the Lehman Brothers’ collapse in September 2008, which made debt expensive and business extremely difficult. Debt is not bad, high-cost debt is. What is worse is to binge on it. Jio too has piled on a massive debt in rolling out its services and burning cash offering discounts and ultra-cheap tariffs to lure over 330 million customers in the first three years of its operations. The tariff attack <a href="https://www.businessinsider.in/details-of-jio-fibre-new-tariff-plan/articleshow/70639942.cms">continues with Jio Fibre</a>, too as the company speeds to acquire 500 million subscribers, but there is a difference between the Ambani brothers. Clearing debts will clear the air of apprehension Mukesh spent massively on country-wide fibre networks and is bleeding his competitors. Yet, he is cognizant of the risks that a debt of ₹2.8 lakh crore at the group level poses. In a timely move, Reliance Industries (RIL) announced that it would sell 20% stake in its oil-to-chemicals business to Saudi Arabia’s state-owned Aramco, the world’s largest oil producer, for $15 billion. Not just that, he plans to turn RIL into a zero net debt conglomerate by March 2021. Within the telecom business too, he brought in Canadian fund Brookfields which invested ₹ 25,215 crore in the towers unit. The plan to list Reliance Retail and Reliance Jio in the next five years will complete the circle of deleveraging giving his telecom venture a longer lifetime than Anil’s RCom. "It is a very classic Reliance way of doing things which is vertically integrated model. And, the results will play out in the next 5-10 years," Shende said about Mukesh’s plan to retire debt early. It will allow Jio to focus on adding services, like it already plans to, and bring its A-game to the tight race in telecom with Airtel and Vodafone Idea. "Jio will look at massive dominance in many areas like entertainment, e-commerce, Internet Of Things and will get more aggressive," says Kunal Bajaj, a top telecom expert and consultant.

As Reliance Jio turns three, another telecom venture of Mukesh Ambani is counting down to its end

New Delhi, Mar 27 () In a shareholding rejig at Reliance Industries, Mukesh Dhirubhai Ambani, Nita Mukesh Ambani, Isha M Ambani, Akash M Ambani and Anant Mukesh Ambani along with one of the firm's promoters bought shares worth over Rs 9,145 through open market transactions on Friday. As per the block deal data on the BSE, Mukesh Dhirubhai Ambani picked up 2,68,308 shares, Nita Mukesh Ambani 7,03,708 shares, Isha M Ambani 7,71,220 shares and Akash M Ambani 7,73,620 shares of the firm at an average price of Rs 1,077 apiece, while Anant Mukesh Ambani bought 73,00,000 shares at a price of Rs 1,056 per scrip. Besides, Reliance Industries Ltd's (RIL) promoter, Tattvam Enterprises LLP, purchased 7,67,35,388 shares at Rs 1,056 apiece. The total deal value for the shares purchased by the promoters of RIL stood at Rs 91,45,20,23,640. According to separate transactions, another promoter of the company, Devarshi Commercials LLP, offloaded a total of 8,65,52,244 shares for over Rs 9,145 crore. The shareholding data for December 2019 shows that Mukesh Dhirubhai Ambani held 0.12 per cent stake in the firm, Nita Mukesh Ambani, Isha M Ambani and Akash M Ambani held 0.11 per cent stake each while Anant Mukesh Ambani held 2 lakh shares of the firm. Tattvam Enterprises LLP held 6.97 per cent stake in the firm, while Devarshi Commercials LLP held 11.48 per cent of the total shareholding of the firm. Prior to this, Devarshi Commercials LLP on Wednesday had offloaded shares worth over Rs 11,000 crore. The shares sold by Devarshi were picked up by another promoter entity of Reliance Industries, Samarjit Enterprises LLP, at the same price. Shares of RIL on Friday ended at Rs 1,065.5, 0.86 per cent lower, on the BSE. SRS HRS

Reliance Industries' shares worth over Rs 9,145 cr change hands

<ul><li>RCom made an early bet on CDMA technology which went out of style, while Jio chose LTE technology of 4G. </li><li>Mukesh spent massively on country-wide fibre networks, yet he is cognizant of the risks that a massive debt at the group level.</li><li> The plan to list Reliance Retail and Reliance Jio in the next five years will complete the circle of deleveraging giving his telecom venture a longer lifetime than RCom.</li></ul> It is a truth commonly acknowledged that Anil Ambani has run up debts he could not service. That is especially true with the ₹46,000 crore that <a href="https://www.businessinsider.in/anil-ambanis-rcom-to-go-through-bankruptcy-process-with-nclt/articleshow/69228691.cms">sunk his company</a>, Reliance Communications (RCom). A bet on the wrong technology meant extra investments, which coincided with the global economic slowdown, and piled debt so high, the risks of which were ignored at its peril. Now, RCom is facing bankruptcy proceedings and Anil’s brother Mukesh Ambani’s Reliance Jio seems to be thriving. The only difference is Mukesh seems determined not to repeat the mistakes of the past, both his own and that of his brother, with Jio. Betting on a technology that soon went out of fashion RCom had early on bet on an obsolete-to-be technology, which became its undoing. In the early 2000s when Airtel and Hutch (later Vodafone) went with GSM technology, both Tata Teleservices and RCom went in for CDMA technology, which users did not fancy. “I doubt if that could be termed as a mistake as many countries were using the technology but the world just went another way,” Alok Shende, Managing Director of Ascentius Insights, a management consulting firm tells Business Insider India. Years after RCom came under Anil Ambani, as <a href="https://www.indiatoday.in/business/india/story/ambani-vs-ambani-when-brothers-broke-up-150083-2011-12-27">Reliance Industries was divided </a>in 2004, he had to shift to the much-popular GSM technology. The shift required one more costly one-time investment in terms of network upgrade and spectrum; and the timing wasn’t right either. Mukesh Ambani has stepped with Jio, which started out on LTE technology of 4G. And he is not stopping at that. “Because of our early adoption of the ongoing enhancements to LTE technology our wireless network is already 4G PLUS. And we can upgrade this to 5G at minimum incremental cost,” he promised his shareholders at his annual general meeting this month. Jio fibre cable will deliver high-speed Internet right to homes and this will kickstart yet another set of services without having to fork out extra for spectrum. Telecom tariff war-- then and now Jio is currently waging a bitter price war in the telecom market. However, it is nothing new. A raging telecom price war started by Tata Teleservices in 2008 with one paisa per second plan, had hurt many others <a href="https://www.livemint.com/Home-Page/vaUfK95QU2z2cInvqWBv2I/RCom-sets-1-paisa-SMS-fee-extends-the-tariff-war.html">including him</a>. However, the shift from CDMA to GSM soaked in a lot of fresh investment that RCom could have spent to survive the price war. There are times when investments are affected the broad economic conditions. RCom’s second round of investments was followed by a global credit crunch after the Lehman Brothers’ collapse in September 2008, which made debt expensive and business extremely difficult. Debt is not bad, high-cost debt is. What is worse is to binge on it. Jio too has piled on a massive debt in rolling out its services and burning cash offering discounts and ultra-cheap tariffs to lure over 330 million customers in the first three years of its operations. The tariff attack <a href="https://www.businessinsider.in/details-of-jio-fibre-new-tariff-plan/articleshow/70639942.cms">continues with Jio Fibre</a>, too as the company speeds to acquire 500 million subscribers, but there is a difference between the Ambani brothers. One woke up to the debt pile on time, the other didn’t Mukesh spent massively on country-wide fibre networks and is bleeding his competitors. Yet, he is cognizant of the risks that a debt of ₹2.8 lakh crore at the group level poses. In a timely move, Reliance Industries (RIL) announced that it would sell 20% stake in its oil-to-chemicals business to Saudi Arabia’s state-owned Aramco, the world’s largest oil producer, for $15 billion. Not just that, he plans to turn RIL into a zero net debt conglomerate by March 2021. Within the telecom business too, he brought in Canadian fund Brookfields which invested ₹ 25,215 crore in the towers unit. The plan to list Reliance Retail and Reliance Jio in the next five years will complete the circle of deleveraging giving his telecom venture a longer lifetime than Anil’s RCom. “It is a very classic Reliance way of doing things which is vertically integrated model. And, the results will play out in the next 5-10 years,” Shende said about Mukesh’s plan to retire debt early. It will allow Jio to focus on adding services, like it already plans to, and bring its A-game to the tight race in telecom with Airtel and Vodafone Idea. “Jio will look at massive dominance in many areas like entertainment, e-commerce, Internet Of Things and will get more aggressive,” says Kunal Bajaj, a top telecom expert and consultant.

Mukesh Ambani's strategy with Reliance Jio is avoiding Anil Ambani's mistakes with RCom

<ul><li><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, chairman of Reliance Industries may become one of the top five richest men in the world, as per Hurun Research Institute. </li><li>His net worth stood at ₹380,700 crore — making him the richest person in India. </li><li>Only eight people in the world are wealthier than Mukesh Ambani. </li></ul>Mukesh Ambani has been having a great year in 2019, after he struck $15 billion deal with Saudi Aramco, and as the telecom tariff war has ended. If you think he has peaked, you are mistaken. In the next three years, he might become one of the five richest men in the world, as per Hurun Research. If he manages to achieve that, he would be the first Indian in it. “The next millions for Ambani would come in from telecom and retail and all the things he is building around it. So, it would come from broadband, the Internet and the entire ecosystem, and his plans to integrate kirana stores with the telecom infrastructure, among others,” Rupert Hoogewerf, founder and Chairman of Hurun Report <a href="https://www.thehindubusinessline.com/economy/huruns-list-mukesh-ambani-may-soon-break-into-top-5/article30259407.ece#">told</a> BusinessLine. Last week, his net worth stood at ₹380,700 crore — right after the market value of his company swelled to ₹10 lakh crore. That made him the ninth richest in the world as per,<a href="https://www.forbes.com/sites/meghabahree/2019/12/03/indias-mukesh-ambani-is-now-among-the-top-10-richest-in-the-world/#f30502a35603"> according to Forbes. </a> Ambani is already richer than Google Founder <keyword id="100155" type="PERSON" weightage="20" keywordseo="Larry-Page">Larry Page</keyword> and Micheal Bloomberg, who is now busy making a bid for a Presidential nomination is the US. However, on Hurun list, Ambani ranks as the tenth richest man in the world. In India too, his riches are unparalleled. Not only is he the richest person in India but he also has more wealth than the second and third richest combined — SP Hinduja family and <keyword id="6419840" type="PERSON" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword>. He is also the only Asian in the Forbes list of top 10 richest people. This August, Reliance Industries unveiled a list of plans which is to turn completely debt free by 2020. He also said that in the future he would spin off his retail and telecom businesses into individual companies and unlock value in them. That resulted in a boost of his stock price, as shareholders await a bonanza from public offerings of both companies.

In 3 years, Mukesh Ambani might be one of the five richest people in the world

Riding on the back of PM <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword>’s demonetization move, RIL Chairman <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> launched <keyword id="2003276" type="UNKNOWN" weightage="20" keywordseo="Jio">Jio</keyword> Money Merchant Solutions, which will enable digital transactions of all types, from mandis, kirana shops to restaurants. 
 While launching the <keyword id="6354504" type="UNKNOWN" weightage="20" keywordseo="Reliance-Jio">Reliance Jio</keyword> ‘Happy New Year’ offer, rolling out host of services and applications free of cost from Dec 4-March 31, 2017, Ambani said the merchants solution will empower the merchants to build a digital retail ecosystem. 
 Ambani said the digital transaction will help in economic growth and can bring transparency. “Digitally-enabling transactions will boost economic growth, while bringing unprecedented transparency and accountability,” he said, adding the present cash crunch issue can be conquered with <keyword id="3356344" type="UNKNOWN" weightage="20" keywordseo="JioMoney">JioMoney</keyword>. 
 
“Jio is working to empower Indian merchants by building a digital retail ecosystem, which we are calling JioMoney Merchant Solutions. This will enable digital transactions of all types, whether they be at Mandis, Small shops, Restaurants, Railway ticket counters, for Bus and mass transit and even for person-to-person money transfers,” Ambani said. 
 
Ambani lauded Modi’s demonetisation scheme, terming it as a bold move. “By doing this, our honorable Prime Minister has given the strongest push to growth of digitally-enabled, optimal-cash economy in India,” he said. 
 
While addressing the employees and stakeholders, Ambani unleashed another pricing and tariff war as he announced a ‘Happy New Year’ offer, rolling out free data, voice calls, wi-fi, etc till March 31, 2017. 
 
From December 04, 2016, every new Jio user will get Jio’s Data, Voice, Video and the full bouquet of Jio applications absolutely free till March 31, 2017. 
 
Read also: Breaking News: Mukesh Ambani rolls out ‘Happy New Year’ offer, unleashes unlimited data, voice calls till March 31 
 
 
(image: IndiaTimes)

Mukesh Ambani launches Jio Money Merchant Solutions, lauds Modi’s
demonetisation

<ul><li>Reliance Jio is pegged to launch its broadband service, Jio Fiber, today.</li><li>Jio Fiber plans will start at ₹700 per month and can go as high as ₹10,000.</li><li>It also offers a HD or 4K LED TV and a 4K set-top box free with an annual subscription.</li></ul>Jio Fiber is pegged to launch today and Mukesh Ambani, the chairman of Reliance Industries, might be starting another tariff war -- this time, in the fixed-line broadband industry. Along with announcing the launch of the much awaited Jio Fiber, Ambani opened up a box full of freebies. These new plans will rival that of his own Jio’s ‘free for three months’ plan, which was given out at the time of the launch three years back. "Fixed line download speed in US around 90 mbps. In India, even the most basic Jio Fiber plan will start at 100 megabits per second (mbps), and we have plans to go as high as 1 gbps. India will have quality of broadband no less than anyone in the world," promised Ambani as he addressed his shareholders at his company's 42nd annual general meeting earlier this month. As per his announcements, being a Jio Fiber home will come with the following benefits. Jio Fiber plans will start at ₹700 a month Jio Fiber plans will start at ₹700 per month (for a starting speed of 100 mbps) and can go as high as ₹10,000. A Jio Fiber plan holder will be able to make calls across the country for free. Added to that, those who want to call their relatives or friends in the US and Canada can opt for a Rs 500 per month, unlimited plan. 
 
 <div type="Article" hostid="261" msid="70655108" title="The best day for Mukesh Ambani's Reliance Industries in a decade was a bad one for its rivals" mstype="2" mssubtype="0"></div>





 LED TV free with annual Jio Fiber subscription Jio Fiber offers a HD or 4K LED TV and a 4K Set-top box free with an annual subscription. Added to that, Ambani promised that their services will come bundled with many OTT platforms. “We are simplifying the purchase and consumption of content. Keeping track to multiple subscriptions and packs for favourite shows is expensive and cumbersome,” said Ambani. First day First show Premium Jio customers will be able to watch a movie on the very day it released, beamed into their homes. “We call this Jio First day, first show,” said Ambani. One family, one plan Jio will also allow seamless connectivity across voice, data and other plans. The plans will also allow the family to keep track of all the phone bills of family members. “It will give better control on GBs and allows sharing,” explained Ambani. Mixed Reality Device Mukesh Ambani's son and daughter Isha Ambani and Akash Ambani along RIL's President Kiran Thomas demonstrated gaming, shopping and learning that is possible via a mixed reality device. A mixed reality device combines the features of virtual reality and augmented reality. 
 
 <div type="Article" hostid="261" msid="70643115" title="Mukesh Ambani plans to connect a billion devices on his IoT platform — and he isn't only talking about light bulbs" mstype="2" mssubtype="0"></div>





 The device used for demonstration will also be available in the market soon, the company management said. Though the price was not revealed, Thomas promised that it will be 'affordable'. The complete details of Jio Fiber plans will be announced by September 5, 2019. SEE ALSO: <a href="https://www.businessinsider.in/how-to-get-jio-fiber-broadband-service/articleshow/70821752.cms" data-type="tilCustomLink" target="_blank">How to get Jio Fiber broadband service?</a> <a href="https://www.businessinsider.in/reliance-jio-fired-up-as-mukesh-ambani-joins-hands-with-satya-nadellas-microsoft-to-challenge-jeff-bezos-in-india/articleshow/70641754.cms" data-type="tilCustomLink" target="_blank">Reliance Jio fired up as Mukesh Ambani joins hands with Satya Nadella’s Microsoft to challenge Jeff Bezos in India</a>

Jio Fiber's new tariff plans include high speed internet, free television, and unlimited international calling

<ul><li>As of 11.30 am, Reliance Industries’ share price stood at ₹2,289. </li><li>The spike in Reliance shares comes after Abu Dhabi’s royal family’s fund – Abu Dhabi Investment Authority – said it was investing $750 million in <keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword>.</li><li>After raising over $20 billion for Jio Platforms, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> is currently on an investment spree for his retail venture.</li></ul>Reliance is on a roll again as its share price rose by almost 4% on Wednesday morning. As of 11.30 am, Reliance Industries’ share price stood at ₹2,289. After raising over $20 billion for Jio Platforms, Mukesh Ambani is currently on an investment spree for his retail venture. Reliance’s share price has jumped by over 159% since March 23. <div type="image" title="RIL share price mar-oct" msid="78528829" hostid="261"></div> The spike in Reliance shares comes after Abu Dhabi’s royal family’s fund – Abu Dhabi Investment Authority – said it was investing <a href="https://www.businessinsider.in/business/news/reliance-retail-secures-750-million-from-adia-mukesh-ambani-has-now-raised-over-5-billion-for-retail-alone/articleshow/78517289.cms">$750 million</a> in Reliance Retail. This is the eight investment that Reliance Retail has raised in the last four weeks. Ambani has now raised a total of ₹37,710 crore or $5.1 billion for his retail venture from marquee investors Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG, and ADIA. So far, Mukesh Ambani has sold 8.47% stake in Reliance Retail – which is India’s largest retail chain with over 12,000 stores across 6,700 cities. This market rally has also helped Ambani become the 6th richest person in the world, with a total wealth of $84.8 billion, according to the <a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index.</a> SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-retail-secures-750-million-from-adia-mukesh-ambani-has-now-raised-over-5-billion-for-retail-alone/articleshow/78517289.cms">Reliance Retail secures $750 million from ADIA – Mukesh Ambani has now raised over $5 billion for retail alone</a>

Reliance share price soars as Mukesh Ambani continues with his fundraising blitzkrieg for retail venture

When <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> announced the tariff plans of his <keyword id="6354504" type="UNKNOWN" weightage="100" keywordseo="Reliance-Jio">Reliance Jio</keyword>, he started a sort of pricing war in the telecom sector. 
 
Ambani disrupted the sector by offering 1GB data for just Rs 50, when other operators charge at least Rs 250 for the same. 
 
He also announced free voice calls from Reliance Jio to any operator, also asking other operators not to disrupt the common touch point. 
 The string of announcements made during the Reliance Annual General Meeting (AGM) tanked <keyword id="15492" type="CITY" weightage="100" keywordseo="Vodafone">Vodafone</keyword> and Idea’s shares. 
 However, <keyword id="15491" type="COMPANY" weightage="20" keywordseo="Airtel">Airtel</keyword>, Vodafone and Idea will be battling it out with more lucrative offerings. 
 
Rajan Mathews, director-general of GSM industry body Cellular Operators Association of India, told ET the incumbents could match Jio's launch offerings. 
 "The battle lines have now been clearly drawn. You have Jio with <keyword id="46907" type="CITY" weightage="20" keywordseo="Reliance-communications">Reliance Communications</keyword>, Aircel and MTS on one side and Bharti, Vodafone and <keyword id="6354924" type="PERSON" weightage="20" keywordseo="Idea-Cellular">Idea Cellular</keyword> on the other," he said. 
 
It also noteworthy that the telecom industry in under Rs 35,000 crore of debt and with the airwave auction coming up, the debt is going to go up. 
 
"Jio's launch has been one of the key worries we have had for the last couple of years, and this is turning out to be quite negative. We continue to stay cautious," Credit Suisse said. 
 
The consumers are going to benefit from the pricing war but it is yet to see how sustainable the model is.

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As Reliance Jio turns three, another telecom venture of Mukesh Ambani is counting down to its end

Katya Naidu

Reliance Industries' shares worth over Rs 9,145 cr change hands

PTI

Mukesh Ambani's strategy with Reliance Jio is avoiding Anil Ambani's mistakes with RCom

Katya Naidu

In 3 years, Mukesh Ambani might be one of the five richest people in the world

Prerna

Preeti

Mukesh Ambani launches Jio Money Merchant Solutions, lauds Modi’s demonetisation

HASAN BABAR

Jio Fiber's new tariff plans include high speed internet, free television, and unlimited international calling

Katya Naidu

Reliance share price soars as Mukesh Ambani continues with his fundraising blitzkrieg for retail venture

Sanchita Dash

Reliance Jio has triggered tariff battle; Idea, Vodafone to strike back with attractive pricing

BI India Bureau

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