Shares of Bharti Airtel Ltd saw a sharp intraday rise of over 3% after the telecom giant announced a strategic agreement with Elon Musk’s SpaceX to explore bringing Starlink’s high-speed satellite internet to India. This collaboration, though still pending regulatory approvals, fueled strong investor enthusiasm early in the session, pushing the stock to a day high of ₹1,716.25, marking a 3.37% surge. However, despite the initial rally, the stock faced selling pressure post 10 AM, remaining in the red for the rest of the trading day. By market close, Bharti Airtel ended lower at ₹1,642.85 on the NSE, registering a daily decline of 1.21%. The early optimism suggests that investors see potential in the telecom operator’s expansion into satellite broadband, which could complement its existing mobile and fiber services. However, the eventual dip could indicate profit booking or cautious sentiment around regulatory hurdles and competition in the satellite internet space. Going forward, market participants will closely track further updates on the partnership and regulatory clearances, which could impact the stock’s movement in the coming sessions.
About Bharti Airtel
Bharti Airtel Limited is a leading global telecommunications company operating across five key segments: Mobile Services, Homes Services, Digital TV Services, Airtel Business, and South Asia. The Mobile Services India segment delivers voice and data telecom services through advanced wireless technologies, including 2G, 3G, and 4G. The Homes Services segment provides fixed-line telephone and broadband services across 1,225 cities in India, catering to residential customers. Its Digital TV Services segment offers both standard and high-definition (HD) television services, featuring 3D capabilities and Dolby surround sound, with a portfolio of 706 channels, including 86 HD channels, 4 international channels, and 4 interactive services. Airtel Business focuses on information and communications technology (ICT) solutions, offering a comprehensive range of services to enterprises, governments, carriers, and small-to-medium businesses. Additionally, the South Asia segment oversees operations in Sri Lanka and Bangladesh, reinforcing Bharti Airtel’s presence in the region.
