Vodafone Idea denies Starlink talks
Vodafone Idea has said it is not in talks with Starlink for a tie-up, amid a continuous rally in its stock price for the past few weeks.
The company clarified after some media reports stated that Vodafone Idea (Vi) was exploring a tie-up with Elon Musk-owned Starlink for a stake sale.
“In this regard, we would like to submit that the company is not in any such discussion with the named party. We are not aware of the basis of the said news item,” Vodafone Idea said in a regulatory filing.
It further added that the company will comply with SEBI listing regulations and duly keep the stock exchanges informed of all the price sensitive information.
The loss-making telco has been trying to raise funds from financial investors as well as banks but so far, no announcement has been made.
