MUMBAI: India’s richest man Mukesh Ambani announced on Thursday that his Reliance Industries’ long-awaited 4G mobile services would finally launch this month, sending shares of rival Bharti Airtel plummeting almost seven percent.
Ambani told shareholders at the Mumbai-based company’s annual general meeting that the multi-billion-dollar telecommunications network, called Reliance Jio Infocomm, would be rolled out from September 5 following repeated delays.
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