Elon Musk's win on India satellite spectrum raises prospect of price war with Ambani

Mukesh Ambani, Asia's richest man, faces a new challenge with Elon Musk's Starlink planning to launch satellite broadband services in India. The Indian government decided to allocate spectrum administratively. This may lead to a price war between Ambani and Musk, affecting Reliance Jio's current dominance in the Indian telecom market.