Billionaire Mukesh Ambani will re-enter the telecom business with a Rs. 4,000 4G smartphone by December, offering voice and data services for as low as Rs. 300-Rs 500 per month.
Reliance Jio Infocomm, which will commercially launch 4G services by December, has the largest footprint of liberalised spectrum in the country, acquired at a cost of Rs. 34,000 crore.