After dispelling reports of a tie-up with Elon Musk's Starlink, Vodafone Idea saw its stocks close 0.87 percent lower at Rs 15.89 on the Bombay Stock Exchange. On September 17 last year, reports surfaced that Verizon and Amazon were interested in acquiring VI, the newly formed telco. Vodafone quickly discredited the reports on exchanges, saying it was not in any such discussion with any of the named parties. Market analysts cited conversations between Indian and US leadership during the G20 summit as grounds for the development. The government came up with a bailout package for mobile phone companies but was seeking a US entity over a middle-east one for the recovery of dues.
After dispelling reports of a tie-up with Elon Musk's Starlink, Vodafone Idea saw its stocks close 0.87 percent lower at Rs 15.89 on the Bombay Stock Exchange. On September 17 last year, reports surfaced that Verizon and Amazon were interested in acquiring VI, the newly formed telco. Vodafone quickly discredited the reports on exchanges, saying it was not in any such discussion with any of the named parties. Market analysts cited conversations between Indian and US leadership during the G20 summit as grounds for the development. The government came up with a bailout package for mobile phone companies but was seeking a US entity over a middle-east one for the recovery of dues.