Bharti Airtel shares are in the spotlight after announcing a partnership with Elon Musk’s SpaceX to bring Starlink’s satellite internet service to customers in India. The stock initially rose 3% to ₹1,716.65 in early trade before trading flat at ₹1,653.15 as of 10:24 am.
In a separate filing with the stock exchange, Bharti Airtel revealed that it has transferred its entire 69.94% stake in Airtel Payments Bank to its wholly-owned subsidiary, Airtel Limited. The company emphasized that this move is merely an internal reorganization of shareholdings and does not impact the ownership of the bank.
The telecom operator’s collaboration with SpaceX for Starlink internet service is expected to bring high-speed connectivity to customers in India. This strategic partnership reflects Bharti Airtel’s commitment to expanding its digital offerings and enhancing the customer experience.
The news of these developments has generated interest among investors, with Bharti Airtel shares attracting attention in the market. The company continues to explore innovative solutions and partnerships to meet the evolving needs of its customers and strengthen its position in the telecommunications sector.
