Shares of Vodafone Idea rose nearly 5% on WednesdayVodafone Idea is in exploratory talks with various satellite communication providers, including Starlink, the company said on Wednesday, a week after the Indian telecom firm's rivals signed deals with Elon Musk's company. The mobile operator made the disclosure after Indian stock exchanges sought a clarification on its stock move and a report by local financial news website Moneycontrol earlier in the day. Shares of Vodafone Idea rose nearly 5% on Wednesday. "Our strategy is to provide services -- whether fixed or mobile -- in uncovered areas, where satellite makes perfect sense," Vodafone Idea Chief Technology Officer Jagbir Singh told Moneycontrol, as per the report. Last week, Musk's SpaceX signed deals with Bharti Airtel and Reliance Jio to bring Starlink's internet services to India.

Source: bd News24 March 20, 2025 03:08 UTC