Vodafone Thought is in exploratory talks with numerous satellite tv for pc communication suppliers, together with Starlink, the corporate mentioned on Wednesday, every week after the Indian telecom agency’s rivals signed offers with Elon Musk’s firm.
The cell operator made the disclosure after Indian inventory exchanges sought a clarification on its inventory transfer and a report by native monetary information web site Moneycontrol earlier within the day.
Shares of Vodafone Thought rose almost 5 p.c on Wednesday.
“Our technique is to offer companies — whether or not fastened or cell — in uncovered areas, the place satellite tv for pc makes good sense,” Vodafone Thought Chief Expertise Officer Jagbir Singh informed Moneycontrol, as per the report.
“The opposite (technique) is to offer fastened wi-fi broadband in rural areas and smaller cities, the place it’s costly to roll out such companies.”
Final week, Musk’s SpaceX signed offers with Bharti Airtel and Reliance Jio to carry Starlink’s web companies to India.
As a part of the offers, the Indian operators will inventory Starlink’s tools of their retail shops, giving the US-based satellite tv for pc communication agency a direct distribution level in hundreds of such shops throughout the nation.
The offers will probably be conditional on Starlink acquiring authorities approval to start operations within the nation.
© Thomson Reuters 2025
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