Will Jio be competed with by Vodafone-Idea and Elon Musk? significant facts made public
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| Will Jio be competed with by Vodafone-Idea and Elon Musk? significant facts made public |
Elon Musk's Starlink project is the subject of several news stories. There were earlier rumors that he planned to work with Vodafone-Idea to join the Indian telecom industry. However, Vodafone-Idea has now said unequivocally that it would not be speaking with Musk in this manner.
The market is seeing a lot of news about Vodafone-Idea. One such report indicated that Elon Musk's Starlink may collaborate with the indebted Vodafone-Idea. "We would like to state whether our company is not in discussion with any such party," Vodafone Idea said in response to this.
BSE has also asked the business for clarification on these reports. Indeed, there was an abrupt increase in Vodafone-Idea's stock after the release of this information. There have been earlier reports that Musk and Vodafone-Idea may collaborate in the Indian telecom market. "We had no prior knowledge about this," the business said.
Rumors have been circulating over the last several months suggesting that the Indian government may sell its 33.1% ownership in Vodafone Idea in order to allow Musk's Starlink to penetrate the Indian market. The reports, meanwhile, were not quite clear at this point. In the Indian telecom industry, Musk's entry would put three billionaires in competition. There would be a direct battle in this between Musk, Sunil Mittal of Bharti Airtel, as well as Mukesh Ambani of Reliance Jio.
Gamers had the opportunity to wager on Vodafone Idea shares once again last week. The wealthiest man in the world will be able to travel from America to India to attend the Vibrant Gujarat Business Summit, according to reports. There were rumors that Musk might announce the establishment of Tesla's plant in India at this conference, which was scheduled to take place between January 10 and January 12.
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