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India Moves Boldly Into a 5G Wireless Future

·3 min read
India Moves Boldly Into a 5G Wireless Future

The 5G wireless standard has proved to be something of a dud globally so far—expensive technology in search of an application. Asia’s richest man, Mukesh Ambani, is betting big that India will be different. Jio Platforms, the internet arm of Ambani’s family conglomerate, Reliance Industries (ticker: RIL.India), ponied up $11.5 billion for 5G spectrum at an auction the Delhi government completed early this month.