Billionaire And Starlink-owner Elon Musk to buy Vodafone Idea stake? Here is the TRUTH
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It has been rumoured for days that billionaire Elon Musk, who owns satellite internet unit Starlink, is about to buy a stake in beleaguered telecom company Vodafone Idea India and it has even affected the stock market price. It was enough to set off speculation across corporate circles and the company has now scrambled to announce its reaction to these reports.The company, in its rejoinder to the Bombay Stock Exchange (BSE), says Vodafone Idea is not in talks to tie up with Elon Musk. After the Indian telecom operator's reaction on Tuesday, its shares went down by 5%. The clarification from Vodafone Idea came after its stock surged in the past two sessions on what business magazine BusinessWorld said were "markets betting" that Musk was looking to buy a stake in the company to he...