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Ambani's Reliance Jio joins race for world's cheapest phone with Google

JioPhone Next to debut in September on operating system designed specifically for India

In September, Jio, the telecom arm of Reliance Industries, will roll out an affordable smartphone specially developed for the massive Indian market in partnership with Google.    © Reuters

NEW DELHI -- Billionaire Mukesh Ambani, the chairman of Reliance Industries, announced on Thursday a "breakthrough" smartphone that has been developed by Jio, his Indian conglomerate's telecom arm, in partnership with Google and will be launched on Sept. 10.

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