(Reuters Breakingviews) - Few thought it was possible, but billionaire Mukesh Am...
Commuters use their mobile phones as they wait at a bus stop with an advertisement of Reliance Industries' Jio telecoms unit, in Mumbai, India July 10, 2017. REUTERS/Shailesh Andrade
Jio has led a wireless revolution. Voice calls are now free across top operators and India’s mobile data, once amongst the most expensive in the world, is now the cheapest: 1 gigabyte costs an average of $0.26 compared to China’s $9.89, according to a study by Cable.co.uk. Rock-bottom prices have battered rival operators, but have also enticed millions online, encouraging them to swap old feature phones for internet-enabled JioPhones, virtually given away.
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