Vodafone Idea denies talks with Elon Musk's Starlink; shares dip 5%

In a recent statement, Vodafone Idea, a major Indian telecom operator, clarified that it is not engaged in discussions with Elon Musk’s Starlink for a potential tie-up. The announcement, made on Tuesday, 2 January 2024, followed a surge in the company’s stock over the past two sessions.The Bombay Stock Exchange, where Vodafone Idea is listed, sought clarification from the telecom giant in response to the volatile market activity.