On Wednesday, Bharti Airtel made exciting news! The company has signed a deal with SpaceX, the company owned by Elon Musk, to provide Starlink’s high-speed internet to people in India. This is big news because Airtel has had some disagreements with Starlink in the past about how much they should pay to use their service.
What’s even more interesting is that Airtel owns a large part of a rival company called Eutelsat OneWeb, which already has the go-ahead to operate in India. OneWeb is waiting to get permission to use the radio waves it needs to provide services.
Airtel’s Managing Director, Gopal Vittal, said this partnership with SpaceX is a huge step forward and shows that Airtel wants to improve internet access. He believes that with Starlink’s help, they can provide fast and affordable internet to even the most remote areas of India, helping people, businesses, and communities stay connected.
However, to start offering Starlink’s services, Airtel needs to get the necessary approvals from the Indian government. This collaboration will also look into ways to sell Starlink equipment at Airtel stores, connect rural areas, schools, and hospitals, and improve Airtel’s internet network using SpaceX’s technology.
Starlink is known for giving fast internet by using a network of satellites flying low in space. This allows users to enjoy activities like streaming movies, playing games, and making video calls without any hassle.
In the past year, Airtel’s stock has risen by 38.97% and has done better than many others in the same industry. Over the last three years, its stock has given a whopping 139.33% return.
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