New Delhi, Jan 2  IANS  Vodafone Idea  NS VODA  on Tuesday denied reports that it is in talks with Tesla  NASDAQ TSLA  and SpaceX CEO Elon Musk for managing its affordable satellite-based Internet service Starlink in India. After the clarification, Vodafone Idea s stock dropped over 4 per cent to Rs 16.20 on the Bombay Stock Exchange  BSE .In September last year, Vodafone Idea had denied reports that it was in discussion to be acquired by Verizon  NYSE VZ , Amazon  NASDAQ AMZN  or Starlink. Meanwhile, Vodafone Idea is geared up to make significant investments to roll out 5G networks and further expand 4G coverage in India. In a regulatory filing, Vodafone Idea had said the reports were incorrect. Vodafone Idea team has worked diligently to prepare the core network for 5G over the last year.--IANSna dpb
Vodafone Idea denied reports of talks with Elon Musk's Starlink for managing its satellite-based internet service in India, leading to a 4% drop in its stock price.