New Delhi — A $4.5bn deal under which Alphabet's Google will collaborate with India’s Reliance Industries on a new smartphone probably heralds a big shake-up for the world's second-largest mobile market, industry executives and analysts say.

Reliance boss Mukesh Ambani, announcing the partnership at his company’s AGM last week, said Google would build an Android operating system (OS) to power a low-cost “4G or even 5G” smartphone that Reliance would design...

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