‘Not in any such discussion’: Vodafone Idea denies talks with Elon Musk’s Starlink
Following the development, the share price of the telecom operator plunged 6.06% to hit an intraday low of ₹15.96 apiece on the BSE.
Following the development, the share price of the telecom operator plunged 6.06% to hit an intraday low of ₹15.96 apiece on the BSE.
The statement comes after several news reports during the weekend stated that US telecom majors -- Verizon, Amazon and Starlink are in the race to acquire the debt-ridden telecom company.
The said instalments had an interest rate of 10% and have been prepaid by Airtel, leveraging much lower cost financing available to it, says the telecom major.
The proposed transaction envisages Airtel being granted a stake in Dialog, representing the fair value of Airtel Lanka.
Vodafone-Idea shares opened a tad lower at ₹8.53, against the previous closing price of ₹8.57 on the BSE.