Even as 5G mobile networks begin to expand in India, about half of the country’s 1.4 billion people remain disconnected from the Internet. Billionaire Mukesh Ambani is betting a new web-enabled mobile phone that costs about $12 can change that and win yet more customers for his dominant wireless-network provider. The device, launched in July by Ambani’s Reliance Jio Infocomm, resembles the simple, durable Nokia phones from decades past. “We believe with this phone Jio can take market share at the lower end of the market." View Full Image Billionaire Bets That a $12 Mobile Phone Can Get More of the World’s Most Populous Country OnlineView Full Image Billionaire Bets That a $12 Mobile Phone Can Get More of the World’s Most Populous Country Online"Exciting news!

Source: Wall Street Journal October 12, 2023 18:53 UTC