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Billionaire Ambani's Reliance Jio cuts prices, reviving India wireless price war

Move shows Jio too faces pressure to retain customers

Mobile phones are displayed at Reliance Jio shop in Mumbai. (Photo by Ken Kobayashi)

MUMBAI (NewsRise) -- Billionaire Mukesh Ambani's wireless venture Reliance Jio Infocomm is set to slash tariffs and offer more free data starting Tuesday, reigniting a price war that has scuppered many operators in India's telecom market.

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