Reliance Jio to sell 4G phone under Rs 4000 from December

Reliance Industries Ltd said it will commercially start its 4G telecommunication services around December, a move that investors have long awaited. Reliance, which re-entered telecoms in 2010 by acquiring the only company that had won nationwide 4G airwaves in a government auction, is yet to start services as it builds the business under unit Reliance Jio on an unproven and still-developing technology.