Elon Musk says will do his best to serve Indians with Starlink
Reliance and Airtel proposed satellite spectrum allocation through auctions.
Reliance and Airtel proposed satellite spectrum allocation through auctions.
Sunil Bharti Mittal-led Airtel and Reliance had lobbied for auction of satellite spectrum.
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.
This is a big win for Bharti Airtel's Eutelsat OneWeb, Elon Musk's Starlink and Amazon's Kuiper.