Vodafone and Bharti Gird for Ambani’s $16 Billion Foray in India
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India’s top wireless operators Bharti Airtel Ltd., Vodafone Group Plc and Idea Cellular Ltd. are girding to defend market share as Mukesh Ambani, the nation’s richest man, finalizes his foray into an already crowded market.
Ambani’s $16 billion Reliance Jio Infocomm Ltd. service may offer 300-rupee ($5) monthly tariffs and compatible smartphones for less than 4,000 rupees. The fourth-generation network is due to start commercial operations around December with speeds faster than most existing Indian connections.