MUMBAI -- The war of attrition brought by billionaire Mukesh Ambani's Reliance Industries to the Indian telecommunications market looks set to reach a new intensity, threatening rivals' ability to fund investments in 5G networks and other infrastructure.
"It is my promise that JioPhone Next will be among the most affordable smartphones not just in India, but globally," Ambani said in June, touting the device the group's telecom arm Reliance Jio Infocomm is developing in collaboration with Google.
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