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Govt planning to sell Vi stake to Elon Musk's Starlink: Sources
The Free Press Journal
|December 30, 2023
Grapevine had it on Friday that world's largest tech billionaire and maverick businessman Elon Musk would tie-up with India's Vodafone Idea (Vi) for his maiden entry into India's telecoms space.
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Markets were also betting that the government would sell its 33.1 percent stake in Vito Musk to enable Starlink to enter the Indian market. Musk is visiting India to attend the Vibrant Gujarat Business Summit between January 10 and 12 and a big land deal in the state for a mega factory for his auto company Tesla has already been reported. Markets are now hoping that major announcements would be made by Starlink and the government in the telecoms space when Musk visits Gujarat, BW Business World reported.
This story is from the December 30, 2023 edition of The Free Press Journal.
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