India’s Richest Man Storms Into Phone Market With Free Calls

Updated on
  • Ambani says network to begin commercial operations Sept. 5
  • Plan prompts $1.8 billion plunge in rivals’ market value

Billionaire Mukesh Ambani said his Reliance Jio Infocomm Ltd. unit will offer mobile phone calls for free, pressuring existing carriers to follow suit in what’s already one of the world’s lowest-priced wireless markets.

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