Ambani commits $25bn to launch 5G in India ...Qatar

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Ambani commits $25bn to launch 5G in India
source : Gulf Times ( Qatar ) () 23
Indian billionaire Mukesh Ambani yesterday announced an investment of $25bn to launch 5G networks in India, aiming to strengthen his grip on one of the world’s fastest-growing smartphone markets. In his annual speech delivered virtually to shareholders of Reliance Industries — India’s most valuable company — Asia’s second-richest person said he believes “digital freedom is the birthright of every Indian”. Ambani’s multi-billion-dollar empire was built on oil and petrochemicals, but he has diversified into new areas including telecoms, retail and renewable energy in recent years. The launch of telecom arm Jio — offering ultra-cheap data at high speeds — in 2016 sparked a brutal price war, fo

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