Billionaires butt heads on satcom spectrum: Elon Musk slams Mukesh Ambani’s auction demand

Elon Musk has butted heads with Mukesh Ambani in what is being billed as a Battle of the Billionaires over the Narendra Modi government’s controversial plan to allocate spectrum for high-speed satellite-based broadband services in India.

Mukesh Ambani-owned Reliance Jio tore into the plan last week, terming it unfair to legacy telecom players who have already paid boatloads of money to acquire scarce radio waves in order to provide a range of voice, text, data and high-speed internet services.