Vodafone Idea and Elon Musk's Starlink Not in Tie-Up Talks, Telecom Firm Clarifies

India's Vodafone Idea is not in talks to tie up with billionaire Elon Musk's satellite internet company Starlink, the telecom operator said on Tuesday, dashing hopes of a revival in the debt-ridden company that had sent its stock soaring.

[{"selector":"#anim-72230db1-afeb-4d01-beeb-a28f05351c4f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c33f5108-39a6-483f-94af-5f06f0626c36","keyframes":{"transform":["translate3d(0px, -100.05514%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The clarification came after Vodafone Ideas' stock surged in the past two sessions on what business magazine BusinessWorld said were "markets betting" that Musk was looking to buy a stake in the company to help Starlink enter India.

[{"selector":"#anim-ce0f3fee-8657-46a3-bece-014ab4ca4b4a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b1b00e1-2df0-4b14-ac01-d8dd47ec5f6a","keyframes":{"transform":["translate3d(0px, -100.05514%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Vodafone Idea and Elon Musk's Starlink Not in Tie-Up Talks, Telecom Firm Clarifies

A report earlier said that Musk was looking to buy a stake in the company to help Starlink enter India.

India's Vodafone Idea is not in talks to tie up with billionaire Elon Musk's satellite internet company Starlink, the telecom operator said on Tuesday, dashing hopes of a revival in the debt-ridden company that had sent its stock soaring.

The clarification came after Vodafone Ideas' stock surged in the past two sessions on what business magazine BusinessWorld said were "markets betting" that Musk was looking to buy a stake in the company to help Starlink enter India.