Telecom stock jumps after it partners with SpaceX for Starlink’s high speed internet for its users in IndiaTelecom stock jumps after it partners with SpaceX for Starlink’s high speed internet for its users in India

Introduction:

Leading telecom provider has partnered with SpaceX to bring Starlink’s high-speed internet services to India, pending regulatory approvals. This collaboration aims to enhance connectivity, especially in remote areas, by integrating satellite technology with existing network infrastructure for seamless digital access.

Also Read: Infra stock in focus after receiving order from Varanasi Aurangabad NH-2 Tollway

Share price movement of Bharti Airtel:

On March 12, 2025, Bharti Airtel Ltd opened at ₹1,704.95, up 2.58% from its previous close of ₹1,661.20. The stock reached a high of ₹1,717.25 (3.43%) and a low of ₹1,654.15. By 9:58 AM, it traded at ₹1,662.40, a 0.07% increase, with a market cap of ₹9,46,549.48 crore.

Airtel Partners with SpaceX to Bring Starlink Internet to India:

Airtel has signed an agreement with SpaceX to introduce Starlink’s high-speed internet services in India, pending regulatory approvals. This collaboration aims to enhance connectivity, particularly in remote areas, by leveraging Airtel’s market expertise and SpaceX’s satellite technology.

The partnership explores offering Starlink equipment through Airtel’s retail stores and expanding services for businesses, schools, and healthcare centers. Additionally, both companies will work on integrating Starlink with Airtel’s network infrastructure to enhance connectivity across urban and rural regions.

Airtel remains committed to comprehensive digital solutions, adding Starlink to its portfolio alongside Eutelsat OneWeb. With Starlink’s enterprise suite, Airtel will provide businesses and communities with seamless connectivity, strengthening its role in bridging India’s digital divide.

Recent news on Bharti Airtel:

As of February 27, 2025, Bharti Airtel Ltd. is in talks with Tata Group to merge Tata Play’s DTH business with Bharti Telemedia. This potential deal aims to expand Airtel’s non-mobile revenue and enhance bundled service offerings for consumers.

Stock performance of Bharti Airtel for Period of 1 week, 6 months, and 1 year:

Bharti Airtel Ltd. delivered a 2.76% return over the past week, with a 1.74% gain in six months. Over the last year, the stock surged 38.1%, reflecting strong growth and sustained investor confidence in the company’s performance.

Also Read: Electrical equipment stock jumps 3% after receiving order for servicing of railway products for Vande Bharat Trainsets

Shareholding pattern of Bharti Airtel:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	53.10%	53.10%	53.20%
FII	24.30%	25.10%	24.60%
DII	19.60%	18.80%	19.30%
Public	2.90%	2.90%	3%

About Bharti Airtel:

Bharti Airtel Ltd. (NSE: BHARTIARTL) is a global telecom leader with 550 million customers across 15 countries. It offers 4G/5G, broadband, digital payments, enterprise solutions, cloud services, cybersecurity, and IoT, with a strong presence in India, Africa, Bangladesh, and Sri Lanka.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.