NEW DELHI:Vodafone Concept on Tuesday denied reviews that it’s in talks with Tesla and SpaceX CEO Elon Musk for managing its reasonably priced satellite-based Web service Starlink in India.
In an alternate submitting, the telecom supplier mentioned: “We wish to submit that the corporate just isn’t in any such dialogue with the named celebration.”
After the clarification, Vodafone Concept’s inventory dropped over 4 per cent to Rs 16.20 on the Bombay Inventory Alternate (BSE).
In September final 12 months, Vodafone Concept had denied reviews that it was in dialogue to be acquired by Verizon, Amazon or Starlink. In a regulatory submitting, Vodafone Concept had mentioned the reviews had been incorrect.
The Rajya Sabha final month handed the Telecommunications Invoice 2023 by means of a voice vote, after it was handed within the Lok Sabha.
The brand new invoice permits spectrum allocation for satellite-based providers with out the necessity to take part in auctions — a transfer to favour corporations comparable to OneWeb, Elon Musk’s Starlink, and Amazon’s Kuiper.
After a number of failed makes an attempt prior to now, Starlink is as soon as once more eager to launch satellite tv for pc broadband providers on this planet’s largest nation this 12 months.
In the meantime, Vodafone Concept is geared as much as make important investments to roll out 5G networks and additional broaden 4G protection in India.
Vodafone Concept workforce has labored diligently to organize the core community for 5G over the past 12 months.
